Scotiabank Comments on Asana’s FY2026 Earnings (NYSE:ASAN)

Asana, Inc. (NYSE:ASAN) – Equities research analysts at Scotiabank increased their FY2026 earnings per share estimates for shares of Asana in a report released on Monday, June 9th. Scotiabank analyst A. Verkhovski now anticipates that the company will earn ($0.65) per share for the year, up from their prior estimate of ($0.71). Scotiabank has a “Sector Perform” rating and a $16.50 price target on the stock. The consensus estimate for Asana’s current full-year earnings is ($1.09) per share.

Other research analysts have also issued reports about the stock. Morgan Stanley dropped their price objective on shares of Asana from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 4th. DA Davidson lowered their target price on shares of Asana from $20.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. UBS Group raised their price target on shares of Asana from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Royal Bank of Canada reiterated an “underperform” rating and set a $10.00 price target on shares of Asana in a research note on Wednesday, June 4th. Finally, JMP Securities reissued a “market outperform” rating and issued a $22.00 price objective on shares of Asana in a research note on Wednesday, June 4th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Asana currently has an average rating of “Hold” and a consensus price target of $15.97.

Asana Stock Performance

NYSE ASAN opened at $13.80 on Thursday. The company has a market cap of $3.22 billion, a P/E ratio of -12.32 and a beta of 1.23. The company has a fifty day simple moving average of $16.28 and a 200 day simple moving average of $18.25. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. Asana has a 12-month low of $11.05 and a 12-month high of $27.77.

Asana (NYSE:ASAN) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. Asana had a negative return on equity of 86.84% and a negative net margin of 36.17%. The firm had revenue of $187.63 million during the quarter, compared to the consensus estimate of $185.40 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis.

Insider Activity at Asana

In related news, CEO Dustin A. Moskovitz bought 50,000 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were purchased at an average cost of $15.84 per share, for a total transaction of $792,000.00. Following the completion of the purchase, the chief executive officer now directly owns 51,398,436 shares in the company, valued at $814,151,226.24. The trade was a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Anne Raimondi sold 18,775 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $14.03, for a total transaction of $263,413.25. Following the sale, the chief operating officer now owns 716,580 shares of the company’s stock, valued at approximately $10,053,617.40. The trade was a 2.55% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,849,507 shares of company stock valued at $27,120,993. 61.28% of the stock is owned by insiders.

Institutional Investors Weigh In On Asana

Hedge funds have recently modified their holdings of the stock. Banque Cantonale Vaudoise purchased a new stake in Asana in the first quarter worth $28,000. Quarry LP bought a new position in shares of Asana during the 4th quarter worth $29,000. AlphaQuest LLC grew its stake in shares of Asana by 825.1% during the 1st quarter. AlphaQuest LLC now owns 2,470 shares of the company’s stock worth $36,000 after acquiring an additional 2,203 shares during the period. Bogart Wealth LLC purchased a new stake in Asana in the 4th quarter worth about $61,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Asana in the 4th quarter worth about $82,000. Institutional investors 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.