Asana (NYSE:ASAN) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Asana (NYSE:ASAN) had its price target boosted by research analysts at Robert W. Baird from $15.00 to $16.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 19.09% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on ASAN. Jefferies Financial Group boosted their price objective on shares of Asana from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, June 4th. UBS Group boosted their price target on shares of Asana from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. Piper Sandler restated an “overweight” rating and set a $19.00 target price on shares of Asana in a research report on Thursday. FBN Securities raised shares of Asana to a “strong-buy” rating 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 report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.10.

Asana Price Performance

Shares of NYSE ASAN opened at $13.44 on Thursday. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of -15.10 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.47 and a current ratio of 1.47. The company has a 50 day simple moving average of $14.23 and a two-hundred day simple moving average of $15.38. Asana has a fifty-two week low of $11.05 and a fifty-two week high of $27.77.

Asana (NYSE:ASAN) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.25). The firm had revenue of $196.94 million for the quarter, compared to the consensus estimate of $193.01 million. Asana had a negative net margin of 27.50% and a negative return on equity of 83.00%. Asana’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the business earned ($0.05) EPS. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. Analysts expect that Asana will post -1.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Justin Rosenstein sold 966,576 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $15.04, for a total transaction of $14,537,303.04. Following the completion of the sale, the director owned 4,797,091 shares of the company’s stock, valued at $72,148,248.64. The trade was a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dustin A. Moskovitz bought 225,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were bought at an average cost of $13.58 per share, with a total value of $3,055,500.00. Following the purchase, the chief executive officer directly owned 51,711,191 shares of the company’s stock, valued at approximately $702,237,973.78. This represents a 0.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 5,375,000 shares of company stock valued at $75,920,894 and sold 3,033,130 shares valued at $45,552,218. 61.28% of the stock is currently owned by insiders.

Institutional Trading of Asana

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Asana by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company’s stock valued at $155,261,000 after acquiring an additional 475,100 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Asana by 104.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,160,975 shares of the company’s stock worth $56,173,000 after purchasing an additional 2,126,683 shares in the last quarter. Geode Capital Management LLC lifted its stake in Asana by 13.9% during the second quarter. Geode Capital Management LLC now owns 2,153,811 shares of the company’s stock worth $29,080,000 after purchasing an additional 263,601 shares in the last quarter. Voloridge Investment Management LLC boosted its position in Asana by 25.6% in the 4th quarter. Voloridge Investment Management LLC now owns 2,149,680 shares of the company’s stock valued at $43,574,000 after buying an additional 438,057 shares during the period. Finally, Acadian Asset Management LLC raised its position in Asana by 73.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,020,660 shares of the company’s stock valued at $27,256,000 after purchasing an additional 856,282 shares in the last quarter. Hedge funds and other institutional investors own 26.21% 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.