Equities Analysts Issue Forecasts for Asana FY2026 Earnings

Asana, Inc. (NYSE:ASAN) – Investment analysts at DA Davidson increased their FY2026 EPS estimates for shares of Asana in a report released on Tuesday, March 11th. DA Davidson analyst L. Schreiner now forecasts that the company will post earnings of ($0.70) per share for the year, up from their prior estimate of ($0.99). DA Davidson has a “Neutral” rating and a $12.00 price objective on the stock. The consensus estimate for Asana’s current full-year earnings is ($1.09) per share. DA Davidson also issued estimates for Asana’s FY2027 earnings at ($0.60) EPS.

ASAN has been the subject of several other research reports. Citigroup upped their target price on shares of Asana from $16.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Morgan Stanley reduced their target price on shares of Asana from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday. Royal Bank of Canada reiterated an “underperform” rating and issued a $10.00 target price on shares of Asana in a research note on Friday, December 6th. Robert W. Baird reduced their price target on shares of Asana from $23.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Oppenheimer increased their price target on shares of Asana from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.87.

Asana Stock Performance

Shares of ASAN stock opened at $13.45 on Thursday. Asana has a 12 month low of $11.05 and a 12 month high of $27.77. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.08 billion, a PE ratio of -12.00 and a beta of 1.13. The firm has a fifty day simple moving average of $20.26 and a two-hundred day simple moving average of $16.84.

Insider Buying and Selling

In related news, Director Justin Rosenstein sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $20.01, for a total value of $3,001,500.00. Following the transaction, the director now directly owns 2,047,309 shares in the company, valued at approximately $40,966,653.09. This represents a 6.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Anne Raimondi sold 27,233 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.71, for a total transaction of $591,228.43. Following the completion of the transaction, the chief operating officer now owns 733,855 shares in the company, valued at approximately $15,931,992.05. This trade represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 723,300 shares of company stock worth $15,161,068. Insiders own 63.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vise Technologies Inc. grew its holdings in shares of Asana by 6.5% in the fourth quarter. Vise Technologies Inc. now owns 15,809 shares of the company’s stock worth $320,000 after purchasing an additional 959 shares during the last quarter. KBC Group NV lifted its stake in Asana by 52.1% in the third quarter. KBC Group NV now owns 3,534 shares of the company’s stock worth $41,000 after acquiring an additional 1,211 shares during the period. Quarry LP purchased a new position in Asana during the fourth quarter valued at $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Asana by 5.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,218 shares of the company’s stock valued at $937,000 after buying an additional 2,538 shares during the period. Finally, MetLife Investment Management LLC raised its position in shares of Asana by 5.7% in the 4th quarter. MetLife Investment Management LLC now owns 49,483 shares of the company’s stock worth $1,003,000 after purchasing an additional 2,668 shares during the last quarter. 26.21% of the stock is currently owned by institutional investors.

Asana Company Profile

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; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.