Asana Stock Price, News & Analysis (NYSE:ASAN) $23.31 +0.50 (+2.19%) (As of 12/5/2023 ET) Add Compare Share Share Today's Range$22.31▼$23.4450-Day Range$15.92▼$23.3152-Week Range$11.32▼$26.27Volume6.11 million shsAverage Volume2.73 million shsMarket Capitalization$5.12 billionP/E RatioN/ADividend YieldN/APrice Target$21.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Asana MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside9.9% Downside$21.00 Price TargetShort InterestHealthy12.10% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.38Based on 28 Articles This WeekInsider TradingAcquiring Shares$60.88 M Bought Last QuarterProj. Earnings GrowthGrowingFrom ($1.34) to ($1.18) 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.1.88 out of 5 starsComputer And Technology Sector415th out of 593 stocksPrepackaged Software Industry121st out of 187 stocks 2.0 Analyst's Opinion Consensus RatingAsana has received a consensus rating of Reduce. The company's average rating score is 1.92, and is based on 2 buy ratings, 8 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.00, Asana has a forecasted downside of 9.9% from its current price of $23.31.Amount of Analyst CoverageAsana has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted12.10% of the float of Asana has been sold short.Short Interest Ratio / Days to CoverAsana has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Asana has recently decreased by 11.06%, indicating that investor sentiment is improving 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 2.4 News and Social Media Coverage News SentimentAsana has a news sentiment score of 0.38. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 28 news articles for Asana this week, compared to 7 articles on an average week.Search Interest33 people have searched for ASAN on MarketBeat in the last 30 days. This is an increase of 83% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Asana to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 5,005.93% more of their company's stock than they have sold. Specifically, they have bought $60,879,233.00 in company stock and sold $1,192,325.00 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 ($1.18) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Asana is -15.14, 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 -15.14, 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 14.04. 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 Stock (NYSE:ASAN)Asana, 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 Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASAN Stock News HeadlinesNovember 20, 2023 | marketbeat.comMonday.com rocked earnings like it's the weekend (ASAN)Business collaboration software-as-a-service (SaaS) developer monday.com Ltd. had its sixth consecutive earnings blowout. Learn more.November 13, 2023 | marketbeat.comAtlassian fumbles the quarter but is still leading the game (ASAN)Collaboration software developer Atlassian's stock dropped 10% after its latest earnings report showed slowing growth, but the company is still a sector leaderDecember 6, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comDecember 6, 2023 | msn.comUsing too many collaboration tools is actually making work harderDecember 6, 2023 | markets.businessinsider.comBox Reports Weak Q3 Results, Joins Yext, Asana And Other Big Stocks Moving Lower In Wednesday's Pre-Market SessionDecember 5, 2023 | msn.comBitcoin Boosts Investor Interest In Coinbase, Riot Blockchain — MongoDB, Nio, Asana Also Trending: Uncover WhyDecember 5, 2023 | za.investing.comAsana stock plunges 7% despite better than expected Q3 earnings & guidanceDecember 5, 2023 | proactiveinvestors.comAsana stock falls as 3Q results beat but quarterly losses continueDecember 6, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comDecember 5, 2023 | benzinga.comAsana: Q3 Earnings InsightsDecember 5, 2023 | msn.comAsana Inc Shares Tumble After Q3 Results: What's Going On?December 5, 2023 | finance.yahoo.comAsana Announces Third Quarter Fiscal 2024 ResultsDecember 5, 2023 | finance.yahoo.comAsana (NYSE:ASAN) Surprises With Q3 Sales But Stock DropsDecember 5, 2023 | finance.yahoo.comAsana Posts Solid Results, but Shares Slide Amid Macro WoesDecember 5, 2023 | finance.yahoo.comAsana Inc (ASAN) Reports Q3 Fiscal 2024 Earnings: Nears Profitability with Strong Revenue GrowthDecember 4, 2023 | msn.comAsana Q3 2024 Earnings PreviewDecember 4, 2023 | markets.businessinsider.comAsana is about to announce its earnings — here's what to expectDecember 4, 2023 | finance.yahoo.comEarnings To Watch: Asana (ASAN) Reports Q3 Results TomorrowDecember 3, 2023 | americanbankingnews.comAsana (ASAN) Set to Announce Earnings on TuesdayDecember 2, 2023 | americanbankingnews.comAsana, Inc. (NYSE:ASAN) Given Average Recommendation of "Hold" by AnalystsDecember 1, 2023 | seekingalpha.comAsana: The Stock Deserves A Substantial PremiumNovember 30, 2023 | usatoday.comAsana vs. Jira: Differences, pros and cons in 2023November 27, 2023 | msn.comDowntown Denver's struggles aren't easing upNovember 23, 2023 | seekingalpha.comAsana Q3 Preview: Not Worth The RiskNovember 17, 2023 | msn.comDustin Moskovitz, Tesla Investors Call Out Elon Musk For Cosigning Antisemitic PostNovember 17, 2023 | usatoday.comAsana vs. Monday: Differences, pros and cons in 2023November 16, 2023 | benzinga.comElon Musk Under Fire: Facebook Co-Founder Calls For Resignation From Tesla Amid Antisemitism ControversySee 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 Company Calendar Last Earnings12/05/2023Today12/06/2023Fiscal 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 Target$21.00 High Stock Price Target$30.00 Low Stock Price Target$10.00 Potential Upside/Downside-9.9%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage13 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$606.54 million Price / Sales8.44 Cash FlowN/A Price / Cash FlowN/A Book Value$1.66 per share Price / Book14.04Miscellaneous Outstanding Shares219,678,000Free Float80,710,000Market Cap$5.12 billion OptionableOptionable Beta1.30 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Dustin A. Moskovitz (Age 38)Co-Founder, President, 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 Business Comp: $745.83kMs. Eleanor B. Lacey Esq. (Age 56)General Counsel, Head of Legal & Corporate Secretary 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 Business Ms. Shannon Sullivan DuffyChief Marketing OfficerMs. Anna Binder (Age 50)Head of People Operations More ExecutivesKey CompetitorsWorkivaNYSE:WKTenableNASDAQ:TENBVaronis SystemsNASDAQ:VRNSTeradataNYSE:TDCClearwater AnalyticsNYSE:CWANView All CompetitorsInsiders & InstitutionsNeo Ivy Capital ManagementBought 96,146 shares on 11/30/2023Ownership: 0.044%Deutsche Bank AGBought 35,794 shares on 11/24/2023Ownership: 0.047%Graham Capital Management L.P.Bought 28,915 shares on 11/22/2023Ownership: 0.030%Walleye Trading LLCBought 213,700 shares on 11/21/2023Ownership: 0.000%Walleye Capital LLCBought 31,000 shares on 11/21/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions ASAN Stock Analysis - Frequently Asked Questions Should I buy or sell Asana stock right now? 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Asana in the last twelve months. There are currently 3 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" ASAN shares. View ASAN analyst ratings or view top-rated stocks. What is Asana's stock price target for 2024? 13 Wall Street analysts have issued 12-month price objectives for Asana's stock. Their ASAN share price targets range from $10.00 to $30.00. On average, they predict the company's share price to reach $21.00 in the next year. This suggests that the stock has a possible downside of 9.9%. 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 stock has increased by 69.3% and is now trading at $23.31. View the best growth stocks for 2023 here. Are investors shorting Asana? Asana saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 9,090,000 shares, a decline of 11.1% from the October 31st total of 10,220,000 shares. Based on an average trading volume of 2,610,000 shares, the short-interest ratio is currently 3.5 days. Currently, 12.1% of the shares of the stock are short sold. View Asana's Short Interest. How were Asana's earnings last quarter? Asana, Inc. (NYSE:ASAN) released its quarterly earnings data on Tuesday, December, 5th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.07. The firm earned $166.50 million during the quarter, compared to analyst estimates of $164.09 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 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.49) 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 issued an update on its fourth quarter earnings guidance on Tuesday, December, 5th. The company provided EPS guidance of $(0.10)-(0.09) for the period, compared to the consensus estimate of ($0.16). The company issued revenue guidance of $167-168 million, compared to the consensus revenue estimate of $166.85 million. When did Asana IPO? (ASAN) raised $0 in an IPO on Wednesday, September 30th 2020. The company issued 30,000,000 shares at $0.00 per share. None acted as the underwriter for the IPO. Who are Asana's major shareholders? Asana's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (0.97%), Bank of New York Mellon Corp (0.37%), Northern Trust Corp (0.34%), Charles Schwab Investment Management Inc. (0.30%), Walleye Trading LLC (0.00%) and Stanley Laman Group Ltd. (0.16%). 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. This page (NYSE:ASAN) was last updated on 12/6/2023 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.