NYSE:ASAN Asana (ASAN) Stock Forecast, Price & News $17.09 -0.18 (-1.04%) (As of 09/21/2023 ET) Add Compare Share Share Today's Range$16.85▼$17.4350-Day Range$17.09▼$24.4252-Week Range$11.32▼$27.14Volume2.77 million shsAverage Volume2.81 million shsMarket Capitalization$3.75 billionP/E RatioN/ADividend YieldN/APrice Target$22.31 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Asana MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside28.7% Upside$22.00 Price TargetShort InterestBearish11.85% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.94Based on 13 Articles This WeekInsider TradingAcquiring Shares$53.38 M Bought Last QuarterProj. Earnings GrowthGrowingFrom ($1.34) to ($1.19) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.49 out of 5 starsComputer And Technology Sector207th out of 593 stocksPrepackaged Software Industry52nd out of 202 stocks 4.0 Analyst's Opinion Consensus RatingAsana has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 9 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $22.00, Asana has a forecasted upside of 28.7% from its current price of $17.09.Amount of Analyst CoverageAsana has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted11.85% of the float of Asana has been sold short.Short Interest Ratio / Days to CoverAsana has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Asana has recently increased by 5.49%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldAsana does not currently pay a dividend.Dividend GrowthAsana does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ASAN. Previous Next 3.9 News and Social Media Coverage News SentimentAsana has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Asana this week, compared to 6 articles on an average week.Search Interest24 people have searched for ASAN on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.MarketBeat Follows10 people have added Asana to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Asana insiders have bought 23,183.10% more of their company's stock than they have sold. Specifically, they have bought $53,376,510.00 in company stock and sold $229,250.00 in company stock.Percentage Held by Insiders63.26% of the stock of Asana is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 26.21% of the stock of Asana is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Asana are expected to grow in the coming year, from ($1.34) to ($1.19) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Asana is -11.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Asana is -11.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioAsana has a P/B Ratio of 11.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Asana (NYSE:ASAN) StockAsana, 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; and manages product launches, marketing campaigns, and organization-wide goal settings. The company serves customers in various industries, such as technology, retail, education, non-profit, government, healthcare, hospitality, media, manufacturing, professional services, and financial services. The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. Asana, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.Read More ASAN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASAN Stock News HeadlinesAugust 31, 2023 | marketbeat.comHere are 5 Beaten Up Enterprise Software Stocks Ready to Rebound (ASAN)Enterprise software stocks are badly beaten up but are now on the brink of a reversal supported by the growth of large clients and deepening penetration.September 22, 2023 | americanbankingnews.comAsana, Inc. (NYSE:ASAN) CEO Dustin A. Moskovitz Acquires 507,500 SharesSeptember 22, 2023 | Wall Street Fundamentals (Ad)The "Plug and Play" Model Putting Online Giants to ShameWhile e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."September 21, 2023 | msn.comThe Best Bouldering Crash Pads of 2023September 21, 2023 | markets.businessinsider.comOver $18M Bet On Asana? Check Out These 3 Stocks Insiders Are BuyingSeptember 20, 2023 | msn.comAsana: The Growth Story Is Far From OverSeptember 19, 2023 | msn.comThe best project planning tools for pros: Monday, Microsoft Project, and moreSeptember 19, 2023 | msn.comAsana's share price volatility presents potential opportunities for investorsSeptember 22, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. September 19, 2023 | finance.yahoo.comIs It Too Late To Consider Buying Asana, Inc. (NYSE:ASAN)?September 18, 2023 | yahoo.comJust Because You Love Yoga, Doesn’t Mean You Need to Teach ItSeptember 18, 2023 | americanbankingnews.comAsana, Inc. (NYSE:ASAN) Given Consensus Recommendation of "Hold" by BrokeragesSeptember 15, 2023 | finance.yahoo.comAsana Inc (ASAN): A Deep Dive into Its Performance PotentialSeptember 13, 2023 | americanbankingnews.comAsana, Inc. (NYSE:ASAN) CEO Dustin A. Moskovitz Acquires 474,847 SharesSeptember 13, 2023 | americanbankingnews.comInsider Buying: Asana, Inc. (NYSE:ASAN) CEO Purchases 80,000 Shares of StockSeptember 13, 2023 | finance.yahoo.comInsider Buying: Asana Inc's President, CEO, & Chair, 10% Owner Dustin Moskovitz Acquires ...September 11, 2023 | benzinga.comAsana Recovery Named One of Newsweek's Best Addiction Treatment Centers of 2023September 8, 2023 | msn.comJMP Securities Reiterates Asana Inc - (ASAN) Market Outperform RecommendationSeptember 7, 2023 | msn.comMorgan Stanley Maintains Asana Inc - (ASAN) Equal-Weight RecommendationSeptember 7, 2023 | finance.yahoo.comQ2 2024 Asana Inc Earnings CallSeptember 6, 2023 | finance.yahoo.comAsana to Hold Investor Day on October 3, 2023September 6, 2023 | investing.comA Closer Look at Software Developers GitLab, Asana After Their Solid ResultsSeptember 6, 2023 | msn.comAsana’s stock rises on revenue, earnings beatSeptember 6, 2023 | msn.comAsana plummets despite strong Q3, guidance; Baird says macro weighingSeptember 6, 2023 | markets.businessinsider.comAsana's Stock Tanks After Q2: 5 Analysts Look At What Happened, OutlookSeptember 6, 2023 | finance.yahoo.comWhy Asana Stock Flopped TodaySeptember 6, 2023 | msn.comPiper Sandler Reiterates Asana Inc - (ASAN) Neutral RecommendationSee More Headlines Receive ASAN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Asana and its competitors with MarketBeat's FREE daily newsletter. Email Address ASAN Company Calendar Last Earnings9/05/2023Today9/22/2023Next Earnings (Estimated)12/07/2023Fiscal Year End1/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:ASAN CUSIPN/A CIK1477720 Webwww.asana.com Phone415-525-3888FaxN/AEmployees1,782Year FoundedN/APrice Target and Rating Average Stock Price Forecast$22.31 High Stock Price Forecast$30.00 Low Stock Price Forecast$10.00 Forecasted Upside/Downside+30.5%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)($1.54) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-407,770,000.00 Net Margins-54.21% Pretax Margin-53.41% Return on Equity-87.79% Return on Assets-32.71% Debt Debt-to-Equity Ratio0.14 Current Ratio1.89 Quick Ratio1.89 Sales & Book Value Annual Sales$547.21 million Price / Sales6.86 Cash FlowN/A Price / Cash FlowN/A Book Value$1.52 per share Price / Book11.24Miscellaneous Outstanding Shares219,680,000Free Float80,710,000Market Cap$3.75 billion OptionableOptionable Beta1.24 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Dustin A. Moskovitz (Age 38)Co-Founder, Pres, CEO & Chair Comp: $1Mr. Justin Rosenstein (Age 39)Co-Founder, Advisor & Director Comp: $30kMr. Tim M. Wan (Age 52)Chief Financial Officer Comp: $706.67kMs. Anne Raimondi (Age 51)COO & Head of Bus. Comp: $745.83kMs. Eleanor B. Lacey Esq. (Age 56)Gen. Counsel, Head of Legal & Corp. Sec. Comp: $522.5kMs. Krista Anderson-Copperman (Age 46)Advisor & Director Comp: $23.47kMs. Catherine BuanHead of Investor RelationsMr. Kenny L. Van Zant (Age 53)Head of Bus. Ms. Shannon Sullivan DuffyChief Marketing OfficerMs. Anna Binder (Age 50)Head of People Operations More ExecutivesKey CompetitorsPaycor HCMNASDAQ:PYCRBlackbaudNASDAQ:BLKBSquarespaceNYSE:SQSPnCinoNASDAQ:NCNOBOXNYSE:BOXView All CompetitorsInsiders & InstitutionsDustin A MoskovitzBought 507,500 shares on 9/18/2023Total: $9.32 M ($18.37/share)Dustin A MoskovitzBought 80,000 shares on 9/11/2023Total: $1.63 M ($20.39/share)Dustin A MoskovitzBought 474,847 shares on 9/8/2023Total: $9.51 M ($20.03/share)Dustin A MoskovitzBought 80,000 shares on 8/30/2023Total: $1.72 M ($21.47/share)Dustin A MoskovitzBought 80,000 shares on 8/28/2023Total: $1.74 M ($21.80/share)View All Insider TransactionsView All Institutional Transactions ASAN Stock - Frequently Asked Questions Should I buy or sell Asana stock right now? 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Asana in the last year. There are currently 2 sell ratings, 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ASAN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ASAN, but not buy additional shares or sell existing shares. View ASAN analyst ratings or view top-rated stocks. What is Asana's stock price forecast for 2023? 14 Wall Street research analysts have issued 12-month price objectives for Asana's stock. Their ASAN share price forecasts range from $10.00 to $30.00. On average, they predict the company's share price to reach $22.31 in the next twelve months. This suggests a possible upside of 30.5% from the stock's current price. View analysts price targets for ASAN or view top-rated stocks among Wall Street analysts. How have ASAN shares performed in 2023? Asana's stock was trading at $13.77 at the start of the year. Since then, ASAN shares have increased by 24.1% and is now trading at $17.09. View the best growth stocks for 2023 here. Are investors shorting Asana? Asana saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 9,420,000 shares, an increase of 5.5% from the August 15th total of 8,930,000 shares. Based on an average daily volume of 2,460,000 shares, the short-interest ratio is presently 3.8 days. Approximately 11.9% of the shares of the company are sold short. View Asana's Short Interest. When is Asana's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023. View our ASAN earnings forecast. How were Asana's earnings last quarter? Asana, Inc. (NYSE:ASAN) posted its quarterly earnings results on Tuesday, September, 5th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.07. The company earned $162.46 million during the quarter, compared to the consensus estimate of $157.91 million. Asana had a negative net margin of 54.21% and a negative trailing twelve-month return on equity of 87.79%. The company's quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.59) EPS. What ETFs hold Asana's stock? ETFs with the largest weight of Asana (NYSE:ASAN) stock in their portfolio include iShares Virtual Work and Life Multisector ETF (IWFH), WisdomTree Cloud Computing Fund (WCLD), Direxion Moonshot Innovators ETF (MOON), AdvisorShares Let Bob AI Powered Momentum ETF (LETB), SPDR FactSet Innovative Technology ETF (XITK) and Renaissance IPO ETF (IPO).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR). What guidance has Asana issued on next quarter's earnings? Asana updated its third quarter 2024 earnings guidance on Tuesday, September, 5th. The company provided earnings per share guidance of -$0.11--$0.10 for the period, compared to the consensus earnings per share estimate of -$0.15. The company issued revenue guidance of $163.50 million-$164.50 million, compared to the consensus revenue estimate of $162.84 million. When did Asana IPO? (ASAN) raised $0 in an IPO on Wednesday, September 30th 2020. The company issued 30,000,000 shares at a price of $0.00 per share. None served as the underwriter for the IPO. What is Asana's stock symbol? Asana trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASAN." Who are Asana's major shareholders? Asana's stock is owned by a number of institutional and retail investors. Top institutional investors include Champlain Investment Partners LLC (2.97%), State Street Corp (1.02%), Geode Capital Management LLC (0.70%), Renaissance Technologies LLC (0.66%), Goldman Sachs Group Inc. (0.65%) and Point72 Asset Management L.P. (0.50%). Insiders that own company stock include Anne Raimondi, Chris Farinacci, Dustin A Moskovitz, Dustin A Moskovitz, Eleanor B Lacey, Eleanor B Lacey, Justin Rosenstein, Lorrie M Norrington, Steven M Spurlock, Tim M Wan, Tim M Wan and Zachary Nelson. View institutional ownership trends. How do I buy shares of Asana? Shares of ASAN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Asana's stock price today? One share of ASAN stock can currently be purchased for approximately $17.09. How much money does Asana make? Asana (NYSE:ASAN) has a market capitalization of $3.75 billion and generates $547.21 million in revenue each year. The company earns $-407,770,000.00 in net income (profit) each year or ($1.54) on an earnings per share basis. How many employees does Asana have? The company employs 1,782 workers across the globe. How can I contact Asana? Asana's mailing address is 1550 BRYANT STREET SUITE 800, SAN FRANCISCO CA, 94103. The official website for the company is www.asana.com. The company can be reached via phone at 415-525-3888 or via email at ir@asana.com. This page (NYSE:ASAN) was last updated on 9/22/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Asana, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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