Asana (ASAN) Projected to Post Earnings on Thursday

Key Points

• Asana is expected to report Q2 fiscal 2027 results after market close on September 3, 2026. Analysts project earnings of $0.0875 per share and revenue of approximately $214.2 million.
• In the prior quarter, Asana exceeded expectations with EPS of $0.10 versus $0.08 expected and revenue of $205.1 million, up 9.5% year over year, though the company remained unprofitable.
• ASAN recently traded at $9.45, within a 52-week range of $5.38 to $15.71. Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $9.27, while insiders have sold more than 118,000 shares over the past three months.

Asana (NYSE:ASAN - Get Free Report) will likely be issuing its Q2 2027 results after the market closes on Thursday, September 3rd. Analysts expect Asana to announce earnings of $0.0875 per share and revenue of $214.1510 million for the quarter. Parties may visit the the company's upcoming Q2 2027 earning results page for the latest details on the call scheduled for Thursday, September 3, 2026 at 4:30 PM ET.

Asana (NYSE:ASAN - Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The firm had revenue of $205.09 million for the quarter, compared to the consensus estimate of $203.58 million. During the same quarter in the previous year, the company earned $0.05 EPS. The company's revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts expect Asana to post $-0 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

Asana Stock Performance

NYSE:ASAN opened at $9.45 on Thursday. Asana has a 52 week low of $5.38 and a 52 week high of $15.71. The firm's fifty day moving average is $7.99 and its 200-day moving average is $7.27. The firm has a market cap of $2.18 billion, a P/E ratio of -13.70 and a beta of 0.93.

Insider Activity at Asana

In other Asana news, CAO Veronica Sosa sold 11,378 shares of Asana stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total value of $75,777.48. Following the completion of the sale, the chief accounting officer directly owned 62,344 shares of the company's stock, valued at approximately $415,211.04. The trade was a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Katie Marie Colendich sold 5,242 shares of the company's stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $6.68, for a total transaction of $35,016.56. Following the transaction, the insider owned 176,598 shares in the company, valued at $1,179,674.64. This represents a 2.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 118,304 shares of company stock valued at $792,775. Company insiders own 87.54% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ASAN. Aster Capital Management DIFC Ltd bought a new position in Asana in the fourth quarter worth approximately $50,000. Daiwa Securities Group Inc. increased its holdings 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 acquiring an additional 1,706 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Asana during the second quarter worth approximately $90,000. Creative Planning acquired a new position in shares of Asana during the third quarter worth approximately $141,000. Finally, Renaissance Technologies LLC bought a new position in shares of Asana in the 4th quarter worth $146,000. 26.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on ASAN shares. Wall Street Zen cut shares of Asana from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 12th. Citizens Jmp reissued a "market outperform" rating and issued a $15.00 price objective on shares of Asana in a research report on Tuesday, July 7th. Zacks Research raised Asana from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Barclays downgraded Asana to an "outperform" rating in a research note on Monday. Finally, UBS Group reaffirmed a "neutral" rating and set a $8.00 target price on shares of Asana in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Asana presently has an average rating of "Hold" and an average price target of $9.27.

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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