DA Davidson Has Lowered Expectations for Asana (NYSE:ASAN) Stock Price

Asana (NYSE:ASAN) had its price target reduced by DA Davidson from $20.00 to $12.00 in a research report sent to investors on Tuesday morning,Benzinga reports. DA Davidson currently has a neutral rating on the stock. DA Davidson also issued estimates for Asana’s Q1 2026 earnings at ($0.22) EPS, FY2026 earnings at ($0.70) EPS and FY2027 earnings at ($0.60) EPS.

Other research analysts also recently issued research reports about the stock. Morgan Stanley raised their price target on shares of Asana from $14.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Royal Bank of Canada restated an “underperform” rating and set a $10.00 price target on shares of Asana in a report on Friday, December 6th. Piper Sandler cut their price target on shares of Asana from $27.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday. Oppenheimer raised their price target on shares of Asana from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Citigroup raised their price target on shares of Asana from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Asana currently has an average rating of “Hold” and a consensus price target of $15.87.

Asana Trading Down 3.9 %

Shares of NYSE:ASAN opened at $12.88 on Tuesday. The firm has a fifty day moving average of $20.12 and a two-hundred day moving average of $16.81. The firm has a market capitalization of $2.95 billion, a P/E ratio of -11.50 and a beta of 1.13. Asana has a 12-month low of $11.05 and a 12-month high of $27.77. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17.

Insiders Place Their Bets

In other news, Director Justin Rosenstein sold 196,067 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $21.78, for a total transaction of $4,270,339.26. Following the completion of the transaction, the director now owns 1,651,242 shares of the company’s stock, valued at approximately $35,964,050.76. This represents a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a filing 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 dated Friday, December 20th. The shares were sold at an average price of $21.71, for a total transaction of $591,228.43. Following the transaction, the chief operating officer now directly owns 733,855 shares of the company’s stock, valued at $15,931,992.05. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 723,300 shares of company stock valued at $15,161,068 in the last quarter. Insiders own 63.97% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Asana by 105.6% during the third quarter. JPMorgan Chase & Co. now owns 832,598 shares of the company’s stock valued at $9,650,000 after buying an additional 427,576 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Asana during the third quarter valued at about $538,000. Neo Ivy Capital Management raised its position in shares of Asana by 195.1% during the third quarter. Neo Ivy Capital Management now owns 169,454 shares of the company’s stock valued at $1,964,000 after buying an additional 112,038 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Asana during the fourth quarter valued at about $762,000. Finally, Intech Investment Management LLC bought a new stake in Asana in the third quarter valued at about $456,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

About Asana

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.