Lowest-Rated StocksLowest-RatedNYSE:ASAN Asana (ASAN) Stock Forecast, Price & News $22.20 -0.65 (-2.84%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$21.56▼$25.5350-Day Range$15.62▼$23.9052-Week Range$11.32▼$29.51Volume7.10 million shsAverage Volume2.12 million shsMarket Capitalization$4.76 billionP/E RatioN/ADividend YieldN/APrice Target$21.84 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Asana MarketRank™ ForecastAnalyst RatingHold2.13 Rating ScoreUpside/Downside1.0% Downside$21.98 Price TargetShort InterestBearish14.25% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.17Based on 44 Articles This WeekInsider TradingSelling Shares$538,214 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.48) to ($1.28) 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.1.40 out of 5 starsComputer And Technology Sector557th out of 609 stocksPrepackaged Software Industry188th out of 217 stocks 2.0 Analyst's Opinion Consensus RatingAsana has received a consensus rating of Hold. The company's average rating score is 2.07, and is based on 3 buy ratings, 10 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.98, Asana has a forecasted downside of 1.0% from its current price of $22.20.Amount of Analyst CoverageAsana has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted14.25% of the float of Asana has been sold short.Short Interest Ratio / Days to CoverAsana has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in Asana has recently increased by 2.06%, indicating that investor sentiment is decreasing. 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 1.8 News and Social Media Coverage News SentimentAsana has a news sentiment score of 0.17. 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 lower news sentiment than the 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 44 news articles for Asana this week, compared to 7 articles on an average week.Search InterestOnly 27 people have searched for ASAN on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Asana to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Asana insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $538,214.00 in company stock.Percentage Held by Insiders61.87% 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 28.22% 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 ($1.48) to ($1.28) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Asana is -12.33, 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 -12.33, 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 13.37. 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. The company's platform enables teams to orchestrate work from daily tasks to cross-functional strategic initiatives; and manages product launches, marketing campaigns, and organization-wide goal settings. It serves customers in industries, such as technology, retail, education, non-profit, government, healthcare, media, 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 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 Stock News HeadlinesMay 22, 2023 | marketbeat.commonday.com Surges on Price and Volume after Blowout Results (ASAN)monday.com Ltd. (NASDAQ: MNDY) provides workflow collaboration and customer relationship management (CRM) software applications used by over 180,000 companiesJune 3, 2023 | americanbankingnews.comAsana (NYSE:ASAN) Issues Quarterly Earnings ResultsJune 3, 2023 | Altimetry (Ad)Pentagon Consultant—Here's how Biden Wins Landslide Re-election—but also hand Joe Biden a landslide re-election win. What would America look like if we slide further towards Socialism? Full story and 4 steps you can take,June 3, 2023 | americanbankingnews.comAsana (NYSE:ASAN) Downgraded to Neutral at DA DavidsonJune 2, 2023 | msn.comDA Davidson Downgrades Asana Inc - (ASAN)June 2, 2023 | markets.businessinsider.comDespite Modest Q1 Revenue Beat, Asana's Future Moderation Triggers Cautious Outlook: AnalystsJune 2, 2023 | msn.comAsana's Return On Capital Employed OverviewJune 2, 2023 | markets.businessinsider.comRBC Capital Remains a Sell on Asana (ASAN)June 3, 2023 | Altimetry (Ad)Pentagon Consultant—Here's how Biden Wins Landslide Re-election—but also hand Joe Biden a landslide re-election win. What would America look like if we slide further towards Socialism? Full story and 4 steps you can take,June 2, 2023 | finance.yahoo.comAsana Earnings, Revenue Beat Views; Software Stock DipsJune 2, 2023 | msn.comShilpa Shetty gives her body that ‘much-needed stretch’ with this yoga asana: ‘It also improves hip-joint flexibility’June 2, 2023 | benzinga.comAsana shares are trading higher the company reported better-than-expected Q1 financial results and issued Q2 and FY24 EPS guidance above estimates.June 2, 2023 | msn.comAsana Q1: 26% Revenue Growth, Earnings Beat & MoreJune 2, 2023 | markets.businessinsider.comPiper Sandler Reaffirms Their Hold Rating on Asana (ASAN)June 2, 2023 | markets.businessinsider.comAsana (ASAN) Receives a Hold from Morgan StanleyJune 2, 2023 | msn.comAsana Earnings: Closer To Breakeven Profitability, But Uncertainty RemainsJune 2, 2023 | americanbankingnews.comAsana (NYSE:ASAN) Price Target Raised to $30.00 at JMP SecuritiesJune 2, 2023 | americanbankingnews.comOppenheimer Increases Asana (NYSE:ASAN) Price Target to $28.00June 2, 2023 | finance.yahoo.comQ1 2024 Asana Inc Earnings CallJune 2, 2023 | markets.businessinsider.comAsana (ASAN) Receives a Buy from JMP SecuritiesJune 1, 2023 | finance.yahoo.comAsana Earnings, Revenue Beat; Software Stock ClimbsJune 1, 2023 | seekingalpha.comAsana, Inc. 2024 Q1 - Results - Earnings Call PresentationJune 1, 2023 | seekingalpha.comAsana Non-GAAP EPS of -$0.09 beats by $0.09, revenue of $152.4M beats by $1.83MJune 1, 2023 | theglobeandmail.comAsana (NYSE:ASAN) Exceeds Q1 Expectations But Stock DropsJune 1, 2023 | finance.yahoo.comAsana Announces First Quarter Fiscal 2024 ResultsJune 1, 2023 | finance.yahoo.comAsana Leads Second Wave of Digital Transformation: Announces Human-Centric AI Features for Collaborative Work ManagementJune 1, 2023 | finance.yahoo.comAsana Earnings Beat, Software Stock Falls On Revenue OutlookSee More Headlines ASAN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASAN Company Calendar Last Earnings6/01/2023Today6/03/2023Next Earnings (Estimated)9/06/2023Fiscal 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$21.98 High Stock Price Forecast$30.00 Low Stock Price Forecast$10.00 Forecasted Upside/Downside-1.6%Consensus RatingHold Rating Score (0-4)2.13 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)($2.04) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-407,770,000.00 Net Margins-74.52% Pretax Margin-73.63% Return on Equity-159.46% Return on Assets-49.22% Debt Debt-to-Equity Ratio0.13 Current Ratio1.99 Quick Ratio1.99 Sales & Book Value Annual Sales$547.21 million Price / Sales8.70 Cash FlowN/A Price / Cash FlowN/A Book Value$1.66 per share Price / Book13.38Miscellaneous Outstanding Shares214,390,000Free Float81,746,000Market Cap$4.76 billion OptionableOptionable Beta1.29 Key ExecutivesMr. Dustin A. Moskovitz (Age 39)Co-Founder, Pres, CEO & Chair Comp: $1Mr. Justin Rosenstein (Age 40)Co-Founder, Advisor & Director Comp: $30kMr. Tim M. Wan (Age 52)Head of Fin. Comp: $660.08kMs. Anne Raimondi (Age 51)COO & Head of Bus. Comp: $297.05kMs. Eleanor B. Lacey Esq. (Age 56)Gen. Counsel, Head of Legal & Corp. Sec. Comp: $494.08kMs. Catherine BuanHead of Investor RelationsMr. Kenny L. Van Zant (Age 53)Head of Bus. Mr. Dave King (Age 43)Head of Marketing Ms. Anna Binder (Age 50)Head of People Operations Mr. Prashant Pandey (Age 46)Head of Engineering More ExecutivesKey CompetitorsTeradataNYSE:TDCNew RelicNYSE:NEWRC3.aiNYSE:AIQualysNASDAQ:QLYSTenableNASDAQ:TENBView All CompetitorsInsiders & InstitutionsPrelude Capital Management LLCBought 25,149 shares on 6/1/2023Ownership: 0.012%Capital Impact Advisors LLCBought 15,185 shares on 5/23/2023Ownership: 0.021%Ameriprise Financial Inc.Sold 5,034 shares on 5/22/2023Ownership: 0.018%JPMorgan Chase & Co.Bought 12,452 shares on 5/18/2023Ownership: 0.163%New York State Common Retirement FundSold 16,274 shares on 5/18/2023Ownership: 0.018%View All Insider TransactionsView All Institutional Transactions ASAN Stock - Frequently Asked Questions Should I buy or sell Asana stock right now? 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Asana in the last twelve months. There are currently 2 sell ratings, 10 hold ratings and 3 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? 15 brokers have issued 1 year price targets for Asana's shares. Their ASAN share price forecasts range from $10.00 to $30.00. On average, they expect the company's share price to reach $21.98 in the next twelve months. This suggests that the stock has a possible downside of 1.0%. 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 beginning of 2023. Since then, ASAN shares have increased by 61.3% and is now trading at $22.2050. View the best growth stocks for 2023 here. Are investors shorting Asana? Asana saw a increase in short interest in April. As of April 30th, there was short interest totaling 11,150,000 shares, an increase of 5.9% from the April 15th total of 10,530,000 shares. Based on an average daily trading volume, of 2,950,000 shares, the short-interest ratio is currently 3.8 days. Approximately 14.0% of the company's shares 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 Wednesday, September 6th 2023. View our ASAN earnings forecast. How were Asana's earnings last quarter? Asana, Inc. (NYSE:ASAN) issued its earnings results on Thursday, June, 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.09. The business earned $152.41 million during the quarter, compared to analysts' expectations of $150.55 million. Asana had a negative net margin of 74.52% and a negative trailing twelve-month return on equity of 159.46%. The company's revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.52) EPS. What ETFs hold Asana's stock? ETFs with the largest weight of Asana (NYSE:ASAN) stock in their portfolio include Direxion Moonshot Innovators ETF (MOON), WisdomTree Cloud Computing Fund (WCLD), SPDR FactSet Innovative Technology ETF (XITK), iShares Virtual Work and Life Multisector ETF (IWFH), First Trust Cloud Computing ETF (SKYY), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU), SPDR S&P Software & Services ETF (XSW) and AAM Transformers ETF (TRFM). What guidance has Asana issued on next quarter's earnings? Asana updated its FY24 earnings guidance on Thursday, June, 1st. The company provided earnings per share (EPS) guidance of $(0.55)-$(0.50) for the period, compared to the consensus EPS estimate of ($0.56). The company issued revenue guidance of $640-648 million, compared to the consensus revenue estimate of $643.55 million. When did Asana IPO? (ASAN) raised $0 in an initial public offering (IPO) on Wednesday, September 30th 2020. The company issued 30,000,000 shares at $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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (3.14%), Champlain Investment Partners LLC (3.06%), State Street Corp (0.96%), Two Sigma Investments LP (0.70%), Renaissance Technologies LLC (0.70%) and Geode Capital Management LLC (0.65%). Insiders that own company stock include Chris Farinacci, Dustin A Moskovitz, Dustin A Moskovitz, Eleanor B Lacey, Eleanor B Lacey, 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 $22.21. How much money does Asana make? Asana (NYSE:ASAN) has a market capitalization of $4.76 billion and generates $547.21 million in revenue each year. The company earns $-407,770,000.00 in net income (profit) each year or ($2.04) 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 6/3/2023 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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