Asana, Inc. (NYSE:ASAN) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Asana, Inc. has received an average analyst rating of "Hold", with five analysts recommending a sell, seven a hold, and four a buy, while the average 12-month target price is $16.10.
• The company reported a Q3 earnings miss, with an EPS of ($0.20) compared to expectations of $0.05, though revenue grew by 9.9% year-over-year to $196.94 million.
• Insider selling has occurred recently, with COO Anne Raimondi and CFO Sonalee Elizabeth Parekh decreasing their positions, while institutional investors have also shown increased interest in Asana.

Shares of Asana, Inc. (NYSE:ASAN - Get Free Report) have earned an average rating of "Hold" from the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $16.10.

A number of brokerages recently issued reports on ASAN. Wall Street Zen upgraded shares of Asana from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Piper Sandler restated an "overweight" rating and set a $19.00 price objective on shares of Asana in a research report on Thursday, September 4th. Weiss Ratings restated a "sell (e+)" rating on shares of Asana in a research report on Saturday, September 27th. Morgan Stanley boosted their price objective on shares of Asana from $13.00 to $14.00 and gave the stock an "underweight" rating in a research report on Thursday, September 4th. Finally, Robert W. Baird boosted their price objective on shares of Asana from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th.

Asana Stock Up 6.7%

Shares of Asana stock opened at $14.57 on Tuesday. Asana has a 52-week low of $11.23 and a 52-week high of $27.77. The company has a 50 day moving average of $14.00 and a 200 day moving average of $14.86. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.44 billion, a P/E ratio of -16.37 and a beta of 1.11.

Asana (NYSE:ASAN - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.25). Asana had a negative return on equity of 83.88% and a negative net margin of 27.50%.The firm had revenue of $196.94 million during the quarter, compared to analysts' expectations of $193.01 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The firm's revenue was up 9.9% compared to the same quarter last year. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. As a group, research analysts forecast that Asana will post -1.09 EPS for the current fiscal year.

Insider Transactions at Asana

In other news, COO Anne Raimondi sold 28,026 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $14.17, for a total transaction of $397,128.42. Following the completion of the sale, the chief operating officer owned 862,469 shares in the company, valued at approximately $12,221,185.73. The trade was a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sonalee Elizabeth Parekh sold 63,374 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $14.38, for a total transaction of $911,318.12. Following the completion of the sale, the chief financial officer owned 1,076,693 shares of the company's stock, valued at approximately $15,482,845.34. This trade represents a 5.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 4,613,028 shares of company stock worth $65,294,432 and sold 3,286,376 shares worth $49,186,399. Insiders own 61.28% of the company's stock.

Hedge Funds Weigh In On Asana

Institutional investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in Asana in the 1st quarter valued at $28,000. Bogart Wealth LLC acquired a new position in Asana in the 2nd quarter valued at $27,000. AlphaQuest LLC increased its stake in Asana by 825.1% in the 1st quarter. AlphaQuest LLC now owns 2,470 shares of the company's stock valued at $36,000 after buying an additional 2,203 shares during the period. Quarry LP increased its stake in Asana by 104.8% in the 1st quarter. Quarry LP now owns 2,906 shares of the company's stock valued at $42,000 after buying an additional 1,487 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in Asana by 64.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company's stock valued at $59,000 after buying an additional 1,706 shares during the period. 26.21% of the stock is owned by institutional investors and hedge funds.

Asana Company Profile

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.

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