Asana (NYSE:ASAN) Issues Q1 2026 Earnings Guidance

Asana (NYSE:ASAN) issued an update on its first quarter 2026 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.020-0.020 for the period, compared to the consensus estimate of -0.010. The company issued revenue guidance of $184.5 million-$186.5 million, compared to the consensus revenue estimate of $190.7 million. Asana also updated its FY 2026 guidance to 0.190-0.200 EPS.

Analyst Ratings Changes

A number of equities analysts have issued reports on ASAN shares. Piper Sandler cut their target price on shares of Asana from $27.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday. Morgan Stanley increased their target price on Asana from $14.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. DA Davidson dropped their price objective on shares of Asana from $20.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday. KeyCorp raised Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 target price on the stock in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. lowered their price target on Asana from $15.00 to $13.00 and set an “underweight” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.07.

Asana Stock Performance

Shares of Asana stock opened at $12.64 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. Asana has a 52 week low of $11.05 and a 52 week high of $27.77. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of -11.28 and a beta of 1.13. The firm has a fifty day moving average of $20.40 and a two-hundred day moving average of $16.86.

Insider Activity at Asana

In other Asana news, COO Anne Raimondi sold 27,233 shares of the stock in a transaction dated 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 represents a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Justin Rosenstein sold 200,000 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $21.67, for a total value of $4,334,000.00. Following the transaction, the director now owns 1,847,309 shares of the company’s stock, valued at approximately $40,031,186.03. This trade represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 723,300 shares of company stock worth $15,161,068 in the last quarter. Corporate insiders own 63.97% of the company’s stock.

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.