Asana (ASAN) to Release Earnings on Tuesday

Asana (NYSE:ASAN) is expected to be releasing its Q1 2026 earnings data after the market closes on Tuesday, June 3rd. Analysts expect the company to announce earnings of $0.02 per share and revenue of $185.40 million for the quarter.

Asana Stock Performance

Shares of ASAN stock opened at $17.47 on Tuesday. The stock has a market cap of $4.07 billion, a P/E ratio of -15.60 and a beta of 1.21. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49. The company has a fifty day moving average price of $15.90 and a two-hundred day moving average price of $18.14. Asana has a one year low of $11.05 and a one year high of $27.77.

Insider Buying and Selling

In other news, CEO Dustin A. Moskovitz bought 50,000 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were purchased at an average cost of $15.84 per share, with a total value of $792,000.00. Following the acquisition, the chief executive officer now directly owns 51,398,436 shares in the company, valued at $814,151,226.24. This represents a 0.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Anne Raimondi sold 18,775 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $14.03, for a total transaction of $263,413.25. Following the completion of the transaction, the chief operating officer now directly owns 716,580 shares in the company, valued at approximately $10,053,617.40. This represents a 2.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 2,074,507 shares of company stock valued at $30,025,743. 61.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Asana

Hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC boosted its stake in shares of Asana by 40.9% in the 1st quarter. Empowered Funds LLC now owns 25,441 shares of the company’s stock valued at $371,000 after purchasing an additional 7,381 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Asana by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock worth $707,000 after purchasing an additional 2,328 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Asana by 14.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company’s stock worth $3,770,000 after purchasing an additional 32,708 shares during the period. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ASAN has been the subject of a number of recent analyst reports. DA Davidson cut their price target on shares of Asana from $20.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. JMP Securities set a $22.00 price target on shares of Asana in a research note on Tuesday, March 11th. Robert W. Baird cut their price target on shares of Asana from $23.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Piper Sandler dropped their price objective on shares of Asana from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Finally, Morgan Stanley lowered shares of Asana from an “equal weight” rating to an “underweight” rating and set a $14.00 price objective on the stock. in a research report on Tuesday, May 20th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.53.

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.