Asana (NYSE:ASAN) Issues Q3 2026 Earnings Guidance

Key Points

• Asana has issued Q3 2026 earnings guidance with an expected earnings per share (EPS) of 0.060-0.070 and projected revenue of $197.5 million-$199.5 million.
• The company's CEO, Dustin A. Moskovitz, recently purchased 225,000 shares of Asana stock, increasing his ownership stake in the company.
• Asana's stock currently has a consensus rating of "Hold" among analysts, with an average target price of $15.97.

Asana (NYSE:ASAN - Get Free Report) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.060-0.070 for the period. The company issued revenue guidance of $197.5 million-$199.5 million. Asana also updated its FY 2026 guidance to 0.230-0.250 EPS.

Asana Trading Down 8.2%

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

Asana (NYSE:ASAN - Get Free Report) last announced 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). Asana had a negative net margin of 27.50% and a negative return on equity of 83.00%. The business had revenue of $196.94 million during the quarter, compared to analyst estimates of $193.01 million. During the same period last year, the company earned ($0.05) EPS. The business's revenue for the quarter was up 9.9% on a year-over-year basis. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. Sell-side analysts expect that Asana will post -1.09 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on ASAN. JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 price target on shares of Asana in a research note on Wednesday, June 4th. Scotiabank upped their price target on Asana from $12.00 to $16.50 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reissued an "underperform" rating and set a $10.00 target price on shares of Asana in a research note on Wednesday, June 4th. Robert W. Baird increased their target price on Asana from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, HSBC reissued a "reduce" rating and set a $10.00 target price (down previously from $13.00) on shares of Asana in a research note on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $16.10.

Insiders Place Their Bets

In related news, Director Dustin A. Moskovitz purchased 122,470 shares of the business's stock in a transaction on Thursday, August 21st. The shares were bought at an average price of $13.52 per share, for a total transaction of $1,655,794.40. Following the acquisition, the director directly owned 57,898,436 shares in the company, valued at $782,786,854.72. This trade represents a 0.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders bought 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 currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Daiwa Securities Group Inc. increased its holdings in shares of 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 acquiring an additional 1,706 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Asana by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company's stock valued at $707,000 after acquiring an additional 2,328 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Asana by 4.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,327 shares of the company's stock valued at $706,000 after acquiring an additional 2,373 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Asana in the 2nd quarter valued at about $90,000. Finally, 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. Hedge funds and other 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.