Asana (NYSE:ASAN) Earns "Sell (E+)" Rating from Weiss Ratings

Key Points

• Asana's stock received a "sell (E+)" rating from Weiss Ratings, while other analysts have provided mixed ratings, with one Strong Buy, four Buy, seven Hold, and five Sell ratings.
• The company's quarterly earnings report showed a loss of ($0.20) EPS, missing analysts' expectations, although revenue increased by 9.9% year-over-year to $196.94 million.
• Insider trading activity included Director Dustin A. Moskovitz purchasing over 122,000 shares, while CFO Sonalee Elizabeth Parekh sold approximately 63,000 shares, indicating varied confidence among leadership in the company's stock.

Asana (NYSE:ASAN - Get Free Report)'s stock had its "sell (e+)" rating reiterated by investment analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Other research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Asana from a "buy" rating to a "hold" rating in a research note on Saturday, October 18th. Piper Sandler restated an "overweight" rating and set a $19.00 target price on shares of Asana in a report on Thursday, September 4th. Robert W. Baird raised their target price on shares of Asana from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, September 4th. Finally, Morgan Stanley raised their target price on shares of Asana from $13.00 to $14.00 and gave the stock an "underweight" rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $16.10.

Asana Price Performance

Shares of ASAN stock traded down $0.06 during mid-day trading on Friday, reaching $14.58. The company's stock had a trading volume of 2,747,750 shares, compared to its average volume of 3,583,022. Asana has a 1-year low of $11.58 and a 1-year high of $27.77. The company has a market cap of $3.44 billion, a P/E ratio of -16.38 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The firm's 50-day moving average is $14.07 and its two-hundred day moving average is $14.82.

Asana (NYSE:ASAN - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $196.94 million during the quarter, compared to analyst estimates of $193.01 million. Asana had a negative net margin of 27.50% and a negative return on equity of 83.88%. The company's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.05) EPS. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. On average, research analysts predict that Asana will post -1.09 earnings per share for the current year.

Insider Buying and Selling at Asana

In other Asana news, Director Dustin A. Moskovitz acquired 122,470 shares of the stock in a transaction dated Thursday, August 21st. The shares were bought at an average cost of $13.52 per share, for a total transaction of $1,655,794.40. Following the completion of the acquisition, the director directly owned 57,898,436 shares of the company's stock, valued at approximately $782,786,854.72. This trade represents a 0.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sonalee Elizabeth Parekh sold 63,374 shares of the business's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $14.38, for a total transaction of $911,318.12. Following the transaction, the chief financial officer owned 1,076,693 shares in the company, valued at approximately $15,482,845.34. The trade was a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 3,042,437 shares of company stock valued at $42,519,991 and have sold 2,931,862 shares valued at $44,078,381. Insiders own 61.28% of the company's stock.

Hedge Funds Weigh In On Asana

A number of institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Asana during the third quarter worth $93,000. Benjamin Edwards Inc. bought a new position in Asana during the third quarter worth $145,000. SG Americas Securities LLC bought a new position in Asana during the third quarter worth $555,000. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in Asana by 65.9% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 79,805 shares of the company's stock worth $1,066,000 after purchasing an additional 31,700 shares during the period. Finally, Diversified Trust Co boosted its position in Asana by 12.3% during the third quarter. Diversified Trust Co now owns 14,646 shares of the company's stock worth $196,000 after purchasing an additional 1,603 shares during the period. 26.21% of the stock is currently 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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