Asana (NYSE:ASAN) Updates 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) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) 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.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Royal Bank Of Canada reiterated an "underperform" rating and issued a $10.00 price objective on shares of Asana in a report on Wednesday, June 4th. Jefferies Financial Group increased their target price on Asana from $15.00 to $17.00 and gave the stock a "hold" rating in a research report on Wednesday, June 4th. UBS Group increased their target price on Asana from $14.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Bank of America decreased their target price on Asana from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, June 4th. Finally, Scotiabank increased their target price on Asana from $12.00 to $16.50 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $16.10.

Asana Stock Up 2.1%

ASAN stock traded up $0.28 on Monday, reaching $13.74. 3,660,742 shares of the company traded hands, compared to its average volume of 4,409,374. Asana has a one year low of $11.05 and a one year high of $27.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $3.23 billion, a P/E ratio of -15.44 and a beta of 1.14. The firm has a fifty day simple moving average of $14.24 and a 200-day simple moving average of $15.23.

Asana (NYSE:ASAN - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.25). Asana had a negative net margin of 27.50% and a negative return on equity of 83.88%. The company had revenue of $196.94 million for the quarter, compared to the consensus estimate of $193.01 million. During the same period last year, the business earned ($0.05) EPS. The firm's quarterly revenue 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. Research analysts anticipate that Asana will post -1.09 earnings per share for the current year.

Insider Buying and Selling

In other Asana news, CEO Dustin A. Moskovitz bought 225,000 shares of Asana stock in a transaction on Tuesday, July 1st. The stock was acquired at an average price of $13.58 per share, with a total value of $3,055,500.00. Following the acquisition, the chief executive officer owned 51,711,191 shares in the company, valued at approximately $702,237,973.78. This trade represents a 0.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 completion of the sale, the director directly owned 4,797,091 shares of the company's stock, valued at approximately $72,148,248.64. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. In 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. 61.28% of the stock is owned by company insiders.

Institutional Trading of Asana

A number of institutional investors and hedge funds have recently modified their holdings of ASAN. 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 worth $707,000 after purchasing an additional 2,328 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Asana by 40.9% in the 1st quarter. Empowered Funds LLC now owns 25,441 shares of the company's stock worth $371,000 after buying an additional 7,381 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Asana by 14.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company's stock worth $3,770,000 after buying an additional 32,708 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Asana in the 2nd quarter worth $158,000. Finally, Prudential Financial Inc. purchased a new position in shares of Asana in the 2nd quarter worth $160,000. Institutional investors own 26.21% of the company's stock.

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.