Asana (NYSE:ASAN) Updates 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) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.230-0.250 for the period, compared to the consensus 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.

Asana Stock Performance

NYSE ASAN traded up $0.28 on Monday, hitting $13.74. 3,660,742 shares of the company traded hands, compared to its average volume of 4,409,374. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of -15.44 and a beta of 1.14. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The business's 50 day moving average price is $14.24 and its 200-day moving average price is $15.23. Asana has a 52-week low of $11.05 and a 52-week high of $27.77.

Asana (NYSE:ASAN - Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). The company had revenue of $196.94 million for the quarter, compared to analysts' expectations of $193.01 million. Asana had a negative net margin of 27.50% and a negative return on equity of 83.88%. Asana's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted ($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. Equities analysts expect that Asana will post -1.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ASAN shares. Bank of America decreased their price target on Asana from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, June 4th. UBS Group raised their price target on Asana from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Scotiabank raised their price target on Asana from $12.00 to $16.50 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Wall Street Zen raised Asana from a "hold" rating to a "buy" rating in a report on Friday. Finally, JPMorgan Chase & Co. raised their price target on Asana from $13.00 to $14.00 and gave the company an "underweight" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, Asana presently has a consensus rating of "Hold" and a consensus price target of $16.10.

Insiders Place Their Bets

In related news, Director Dustin A. Moskovitz acquired 122,470 shares of Asana stock in a transaction on Thursday, August 21st. The shares were bought at an average cost of $13.52 per share, with a total value of $1,655,794.40. Following the completion of the purchase, the director directly owned 57,898,436 shares of the company's stock, valued at $782,786,854.72. The trade was a 0.21% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders purchased 5,375,000 shares of company stock worth $75,920,894 and sold 3,033,130 shares worth $45,552,218. 61.28% of the stock is owned by insiders.

Institutional Investors Weigh In On Asana

Several large investors have recently added to or reduced their stakes in ASAN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Asana by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company's stock worth $707,000 after acquiring an additional 2,328 shares during the last quarter. Empowered Funds LLC increased its stake in Asana by 40.9% during the first quarter. Empowered Funds LLC now owns 25,441 shares of the company's stock worth $371,000 after acquiring an additional 7,381 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 buying an additional 32,708 shares during the period. American Century Companies Inc. purchased a new position in shares of Asana during the second quarter valued at approximately $158,000. Finally, Prudential Financial Inc. purchased a new position in shares of Asana during the second quarter valued at approximately $160,000. 26.21% of the stock is owned by institutional investors.

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.