Asana (NYSE:ASAN) Updates Q2 2027 Earnings Guidance

Key Points

• Asana raised its Q2 FY2027 guidance, now expecting EPS of $0.08-$0.09 and revenue of $213 million-$215 million, both above Wall Street estimates.
• The company also lifted full-year FY2027 EPS guidance to $0.37, signaling better-than-expected profitability outlook for the year.
• Shares rose about 4.3% on the update, trading higher after the guidance beat and after a recent quarter that also topped analyst expectations on both earnings and revenue.

Asana (NYSE:ASAN - Get Free Report) issued an update on its second quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.080-0.090 for the period, compared to the consensus earnings per share estimate of 0.040. The company issued revenue guidance of $213.0 million-$215.0 million, compared to the consensus revenue estimate of $212.0 million. Asana also updated its FY 2027 guidance to 0.370-0.370 EPS.

Asana Stock Up 4.3%

Shares of Asana stock traded up $0.27 during trading on Thursday, reaching $6.68. 10,748,554 shares of the stock were exchanged, compared to its average volume of 6,015,485. The stock's fifty day moving average is $6.31 and its 200 day moving average is $9.43. The firm has a market cap 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.

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

Analyst Upgrades and Downgrades

ASAN has been the subject of a number of analyst reports. Citigroup dropped their target price on shares of Asana from $16.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, March 3rd. Weiss Ratings restated a "sell (e+)" rating on shares of Asana in a report on Friday, May 8th. Jefferies Financial Group lowered their price objective on shares of Asana from $15.00 to $8.00 and set a "hold" rating for the company in a report on Monday, February 23rd. HSBC set a $8.00 price objective on shares of Asana in a report on Friday, February 13th. Finally, Robert W. Baird lowered their price objective on shares of Asana from $16.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Asana presently has an average rating of "Hold" and an average target price of $12.32.

Insiders Place Their Bets

In other Asana news, CAO Veronica Sosa sold 6,479 shares of the firm's stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $6.65, for a total transaction of $43,085.35. Following the completion of the transaction, the chief accounting officer owned 73,722 shares of the company's stock, valued at approximately $490,251.30. This trade represents a 8.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sonalee Elizabeth Parekh sold 18,717 shares of the firm's stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $6.62, for a total transaction of $123,906.54. Following the transaction, the chief financial officer directly owned 915,281 shares of the company's stock, valued at $6,059,160.22. This represents a 2.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 70,226 shares of company stock worth $472,065 over the last three months. Company insiders own 61.28% of the company's stock.

More Asana News

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd bought a new position in shares of Asana during the fourth quarter valued at approximately $50,000. Daiwa Securities Group Inc. increased its stake in shares of Asana by 64.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company's stock valued at $59,000 after purchasing an additional 1,706 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Asana during the second quarter valued at approximately $90,000. Creative Planning bought a new position in shares of Asana during the third quarter valued at approximately $141,000. Finally, Renaissance Technologies LLC bought a new position in shares of Asana during the fourth quarter valued at approximately $146,000. Institutional investors own 26.21% of the company's stock.

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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