Asana (NYSE:ASAN) Releases FY 2026 Earnings Guidance

Key Points

• Asana has issued FY 2026 earnings guidance, projecting an EPS of 0.230-0.250, significantly higher than the consensus estimate of -0.090, along with revenue guidance of $780.0 million-$790.0 million against a consensus of $809.8 million.
• Asana's stock rose 2.5% on the announcement, closing at $14.27, with significant trading volume of 8,680,396 shares.
• Recent analyst ratings show a mixed response overall, with one strong buy, four buys, seven holds, and four sells, placing the average target price at $15.97.

Asana (NYSE:ASAN - Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.230-0.250 for the period, compared to the consensus EPS estimate of -0.090. The company issued revenue guidance of $780.0 million-$790.0 million, compared to the consensus revenue estimate of $809.8 million. Asana also updated its Q3 2026 guidance to 0.060-0.070 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ASAN. Bank of America dropped their price target on Asana from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, June 4th. Royal Bank Of Canada reaffirmed an "underperform" rating and set a $10.00 price objective on shares of Asana in a research report on Wednesday, June 4th. JMP Securities reaffirmed a "market outperform" rating and set a $22.00 price objective on shares of Asana in a research report on Wednesday, June 4th. Jefferies Financial Group increased their price objective on Asana from $15.00 to $17.00 and gave the stock a "hold" rating in a research report on Wednesday, June 4th. Finally, Robert W. Baird increased their price objective on Asana from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Asana currently has a consensus rating of "Hold" and an average price target of $16.10.

Asana Price Performance

Shares of ASAN traded down $1.20 during mid-day trading on Friday, hitting $13.44. The company's stock had a trading volume of 9,397,682 shares, compared to its average volume of 4,148,384. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.16. The firm has a 50-day simple moving average of $14.23 and a 200 day simple moving average of $15.33. The firm has a market capitalization of $3.16 billion, a P/E ratio of -15.10 and a beta of 1.14. Asana has a 1-year low of $11.05 and a 1-year high of $27.77.

Asana (NYSE:ASAN - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate 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 83.00%. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) earnings per share. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. Analysts predict that Asana will post -1.09 EPS for the current fiscal year.

Insider Buying and Selling at Asana

In other news, CEO Dustin A. Moskovitz acquired 225,000 shares of Asana stock in a transaction that occurred on Tuesday, July 1st. The stock was purchased at an average cost of $13.58 per share, with a total value of $3,055,500.00. Following the completion of the acquisition, the chief executive officer owned 51,711,191 shares in the company, valued at $702,237,973.78. This trade represents a 0.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Justin Rosenstein sold 966,576 shares of Asana stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $15.04, for a total value of $14,537,303.04. Following the transaction, the director directly owned 4,797,091 shares of the company's stock, valued at approximately $72,148,248.64. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 5,375,000 shares of company stock valued at $75,920,894 and have sold 3,033,130 shares valued at $45,552,218. Insiders own 61.28% of the company's stock.

Hedge Funds Weigh In On Asana

Hedge funds and other institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its holdings in Asana by 64.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company's stock worth $59,000 after purchasing an additional 1,706 shares during the last quarter. Headlands Technologies LLC acquired a new position in Asana during the second quarter worth $90,000. American Century Companies Inc. purchased a new position in Asana during the second quarter worth $158,000. Tower Research Capital LLC TRC increased its position in Asana by 226.4% during the second quarter. Tower Research Capital LLC TRC now owns 11,732 shares of the company's stock worth $158,000 after buying an additional 8,138 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new position in Asana during the second quarter worth $160,000. 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.