Asana (NYSE:ASAN) Releases FY 2026 Earnings Guidance

Asana (NYSE:ASAN - Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.220-0.220 for the period, compared to the consensus estimate of 0.190. The company issued revenue guidance of $775.0 million-$790.0 million, compared to the consensus revenue estimate of $780.1 million. Asana also updated its Q2 2026 guidance to 0.040-0.050 EPS.

Asana Price Performance

Shares of ASAN stock traded up $0.15 during midday trading on Friday, reaching $14.87. 5,995,751 shares of the company traded hands, compared to its average volume of 2,909,278. The firm's 50 day simple moving average is $16.31 and its two-hundred day simple moving average is $18.27. The firm has a market cap of $3.47 billion, a PE ratio of -13.28 and a beta of 1.23. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49. Asana has a 1-year low of $11.05 and a 1-year high of $27.77.

Asana (NYSE:ASAN - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Asana had a negative return on equity of 86.84% and a negative net margin of 36.17%. The firm had revenue of $187.63 million during the quarter, compared to analysts' expectations of $185.40 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. Asana's revenue was up 8.6% on a year-over-year basis. On average, equities research analysts expect that Asana will post -1.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of Asana from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Wednesday. Piper Sandler upped their price objective on Asana from $17.00 to $19.00 and gave the company an "overweight" rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Asana from $13.00 to $14.00 and gave the company an "underweight" rating in a report on Wednesday. UBS Group lifted their price target on shares of Asana from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Morgan Stanley cut their price objective on shares of Asana from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $15.97.

Insider Activity at Asana

In other Asana news, COO Anne Raimondi sold 18,775 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $14.03, for a total transaction of $263,413.25. Following the completion of the transaction, the chief operating officer now directly owns 716,580 shares of the company's stock, valued at $10,053,617.40. This trade represents a 2.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dustin A. Moskovitz purchased 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average price of $15.84 per share, with a total value of $792,000.00. Following the completion of the purchase, the chief executive officer now directly owns 51,398,436 shares of the company's stock, valued at approximately $814,151,226.24. This represents a 0.10% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 2,074,507 shares of company stock worth $30,025,743. 61.28% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in shares of Asana by 40.9% in the 1st quarter. Empowered Funds LLC now owns 25,441 shares of the company's stock valued at $371,000 after acquiring an additional 7,381 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Asana by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company's stock worth $707,000 after purchasing an additional 2,328 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Asana by 14.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company's stock valued at $3,770,000 after purchasing an additional 32,708 shares during the last quarter. Institutional investors own 26.21% of the company's stock.

About Asana

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.