Asana Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Asana in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Asana stock. 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.
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Asana, Inc. (NYSE:ASAN) posted its quarterly earnings results on Tuesday, December, 8th. The company reported ($0.34) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.37) by $0.03. The business had revenue of $58.90 million for the quarter, compared to analysts' expectations of $54.14 million. The company's revenue was up 54.6% on a year-over-year basis.
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Asana issued an update on its fourth quarter earnings guidance on Wednesday, December, 9th. The company provided earnings per share guidance of ($0.27)-($0.25) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.31). The company issued revenue guidance of $62-$63 million, compared to the consensus revenue estimate of $58.05 million.

11 Wall Street analysts have issued 12 month price targets for Asana's stock. Their forecasts range from $19.00 to $40.00. On average, they anticipate Asana's share price to reach $32.10 in the next year. This suggests that the stock has a possible downside of 16.9%.
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Some companies that are related to Asana include Take-Two Interactive Software (TTWO), MongoDB (MDB), Check Point Software Technologies (CHKP), ZoomInfo Technologies (ZI), HubSpot (HUBS), NICE (NICE), Tyler Technologies (TYL), SS&C Technologies (SSNC), Citrix Systems (CTXS), Ceridian HCM (CDAY), PTC (PTC), Elastic (ESTC), Nuance Communications (NUAN), Avalara (AVLR) and Black Knight (BKI).
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(ASAN) raised $0 in an initial public offering (IPO) on Wednesday, September 30th 2020. The company issued 30,000,000 shares at a price of $0.00 per share. None acted as the underwriter for the IPO.

Asana trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASAN."

Asana's lock-up period expires on Monday, March 29th. Asana had issued 30,030,516 shares in its public offering on September 30th. The total size of the offering was $630,640,836 based on an initial share price of $21.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Asana's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Hamilton Lane Advisors LLC (0.06%), Axel Capital Management LLC (0.04%), Diversified Trust Co (0.01%) and Wiley BROS. Aintree Capital LLC (0.01%). Company insiders that own Asana stock include Eleanor B Lacey and Steven M Spurlock.
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ASAN stock was sold by a variety of institutional investors in the last quarter, including Hamilton Lane Advisors LLC. Company insiders that have sold Asana company stock in the last year include Eleanor B Lacey, and Steven M Spurlock.
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ASAN stock was bought by a variety of institutional investors in the last quarter, including Axel Capital Management LLC, Diversified Trust Co, and Wiley BROS. Aintree Capital LLC.
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Shares of ASAN 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.

One share of ASAN stock can currently be purchased for approximately $38.63.

Asana has a market capitalization of $6.15 billion. Asana employs 701 workers across the globe.

The official website for Asana is www.asana.com.

Asana's mailing address is 1550 BRYANT STREET SUITE 800, SAN FRANCISCO CA, 94103. The company can be reached via phone at 415-525-3888 or via email at [email protected]