Asana (NYSE:ASAN) Issues Q2 2026 Earnings Guidance

Asana (NYSE:ASAN - Get Free Report) updated its second quarter 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.040-0.050 for the period, compared to the consensus earnings per share estimate of 0.040. The company issued revenue guidance of $192.0 million-$194.0 million, compared to the consensus revenue estimate of $192.2 million. Asana also updated its FY 2026 guidance to 0.220-0.220 EPS.

Asana Trading Down 1.0%

Shares of ASAN stock traded down $0.15 during mid-day trading on Thursday, reaching $14.96. The stock had a trading volume of 6,716,564 shares, compared to its average volume of 2,874,707. The stock's 50-day moving average price is $16.32 and its two-hundred day moving average price is $18.26. Asana has a 52-week low of $11.05 and a 52-week high of $27.77. The firm has a market capitalization of $3.49 billion, a PE ratio of -13.36 and a beta of 1.23. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17.

Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. Asana had a negative net margin of 36.17% and a negative return on equity of 86.84%. The firm had revenue of $187.63 million for the quarter, compared to analysts' expectations of $185.40 million. During the same quarter in the previous year, the company earned ($0.06) earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts expect that Asana will post -1.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ASAN shares. Robert W. Baird boosted their price objective on shares of Asana from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Wednesday. Piper Sandler boosted their price objective on shares of Asana from $17.00 to $19.00 and gave the company an "overweight" rating in a research report on Wednesday. Scotiabank boosted their price objective on shares of Asana from $12.00 to $16.50 and gave the company a "sector perform" rating in a research report on Wednesday. HSBC reiterated a "reduce" rating and set a $10.00 price target (down previously from $13.00) on shares of Asana in a research report on Wednesday. Finally, Jefferies Financial Group boosted their price target on shares of Asana from $15.00 to $17.00 and gave the company a "hold" rating in a research report on Wednesday. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $15.97.

Insider Buying and Selling

In related news, Director Justin Rosenstein sold 25,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $12.89, for a total transaction of $322,250.00. Following the sale, the director now owns 922,309 shares of the company's stock, valued at $11,888,563.01. The trade was a 2.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dustin A. Moskovitz bought 225,000 shares of the company's stock in a transaction dated Monday, March 17th. The stock was purchased at an average price of $14.02 per share, for a total transaction of $3,154,500.00. Following the purchase, the chief executive officer now owns 48,573,436 shares of the company's stock, valued at approximately $680,999,572.72. This represents a 0.47% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 2,074,507 shares of company stock valued at $30,025,743 over the last quarter. Corporate insiders own 61.28% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ASAN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Asana by 14.5% in 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 worth $3,770,000 after buying an additional 32,708 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Asana by 40.9% in the first quarter. Empowered Funds LLC now owns 25,441 shares of the company's stock worth $371,000 after buying an additional 7,381 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Asana by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company's stock worth $707,000 after buying an additional 2,328 shares in the last quarter. 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.