Asana (NYSE:ASAN) Releases FY 2027 Earnings Guidance

Key Points

• Asana raised its FY2027 outlook, guiding for EPS of $0.37 versus the $0.19 consensus and revenue of $855.0 million to $863.5 million versus $854.2 million expected.
• Q2 FY2027 guidance also improved, with Asana forecasting EPS of $0.08 to $0.09, signaling near-term optimism.
• Shares rose 4.3% to $6.68 after the update, while analysts remain cautious overall with a consensus rating of “Hold” and an average price target of $12.32.

Asana (NYSE:ASAN - Get Free Report) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.370-0.370 for the period, compared to the consensus estimate of 0.190. The company issued revenue guidance of $855.0 million-$863.5 million, compared to the consensus revenue estimate of $854.2 million. Asana also updated its Q2 2027 guidance to 0.080-0.090 EPS.

Analyst Ratings Changes

A number of research firms recently commented on ASAN. Citigroup dropped their price objective on Asana from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a "sell (e+)" rating on shares of Asana in a research report on Friday, May 8th. UBS Group lowered their price target on Asana from $16.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday, March 3rd. HSBC set a $8.00 price target on Asana in a report on Friday, February 13th. Finally, Piper Sandler restated a "neutral" rating and issued a $7.00 price target (down from $9.00) on shares of Asana in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $12.32.

Asana Stock Up 4.3%

Shares of NYSE ASAN traded up $0.27 during midday trading on Thursday, hitting $6.68. The stock had a trading volume of 10,748,554 shares, compared to its average volume of 6,015,485. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -8.35 and a beta of 0.95. Asana has a 1-year low of $5.38 and a 1-year high of $19.00. The company has a fifty day moving average price of $6.31 and a 200 day moving average price of $9.43.

Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. The business had revenue of $205.10 million for the quarter, compared to analyst estimates of $203.58 million. Asana had a negative return on equity of 77.05% and a negative net margin of 23.90%.Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. On average, research analysts forecast that Asana will post -0.53 EPS for the current year.

Insider Activity

In other news, CFO Sonalee Elizabeth Parekh sold 34,151 shares of Asana stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $6.65, for a total value of $227,104.15. Following the transaction, the chief financial officer directly owned 933,998 shares of the company's stock, valued at $6,211,086.70. The trade was a 3.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Katie Marie Colendich sold 7,304 shares of Asana stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $7.42, for a total value of $54,195.68. Following the completion of the transaction, the insider directly owned 108,214 shares in the company, valued at $802,947.88. This represents a 6.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 70,226 shares of company stock valued at $472,065 in the last three months. Corporate insiders own 61.28% of the company's stock.

Trending Headlines about Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana beat Q1 EPS expectations, reporting $0.10 versus the $0.08 consensus, while revenue came in at $205.1 million, slightly above estimates. Stronger-than-expected operating cash flow also helped support the bullish reaction. Article Title
• Positive Sentiment: The company raised second-quarter FY2027 guidance to EPS of $0.08-$0.09 and revenue of $213 million-$215 million, both above Wall Street expectations, signaling improving near-term momentum. Article Title
• Positive Sentiment: Asana also lifted full-year FY2027 guidance to EPS of $0.37 and revenue of $855 million-$863.5 million, topping consensus and reinforcing confidence in the company’s growth and profitability trajectory. Article Title
• Neutral Sentiment: Asana announced the acquisition of Stack AI, a no-code AI workflow platform. The deal could strengthen its AI product strategy over time, but the immediate stock impact is less clear. Article Title
• Negative Sentiment: Despite the upbeat results, Q1 revenue was still only modestly ahead of estimates and the company remains unprofitable, with a widened operating loss and negative net margin. Article Title

Hedge Funds Weigh In On Asana

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its position in Asana by 12.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,214,591 shares of the company's stock worth $71,492,000 after acquiring an additional 565,681 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Asana by 53.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company's stock worth $38,277,000 after acquiring an additional 977,107 shares in the last quarter. Marshall Wace LLP lifted its position in Asana by 35.1% during the 4th quarter. Marshall Wace LLP now owns 2,653,145 shares of the company's stock worth $36,375,000 after acquiring an additional 689,546 shares in the last quarter. Geode Capital Management LLC lifted its position in Asana by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,077,529 shares of the company's stock worth $28,488,000 after acquiring an additional 10,034 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Asana by 17.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,794,103 shares of the company's stock worth $23,969,000 after acquiring an additional 263,251 shares in the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

About Asana

Asana, Inc NYSE: ASAN is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana's platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company's cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.

Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.

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