Asana (NYSE:ASAN) Upgraded at Wall Street Zen

Asana (NYSE:ASAN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

ASAN has been the subject of several other reports. Morgan Stanley increased their price objective on Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Thursday, September 4th. Robert W. Baird boosted their target price on shares of Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Asana in a research note on Friday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $19.00 price objective on shares of Asana in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.10.

Asana Stock Performance

Shares of Asana stock opened at $14.58 on Friday. The stock has a market cap of $3.44 billion, a PE ratio of -16.38 and a beta of 1.11. The business has a fifty day simple moving average of $14.08 and a 200-day simple moving average of $14.83. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. Asana has a 12 month low of $11.58 and a 12 month high of $27.77.

Asana (NYSE:ASAN) last issued its earnings results on Wednesday, September 3rd. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.25). The business had revenue of $196.94 million during the quarter, compared to analyst estimates of $193.01 million. Asana had a negative return on equity of 83.88% and a negative net margin of 27.50%.The business’s quarterly 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. On average, sell-side analysts anticipate that Asana will post -1.09 EPS for the current fiscal year.

Insider Buying and Selling at Asana

In other news, COO Anne Raimondi sold 28,026 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $14.17, for a total value of $397,128.42. Following the completion of the transaction, the chief operating officer owned 862,469 shares of the company’s stock, valued at $12,221,185.73. The trade was a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Justin Rosenstein sold 458,878 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $14.98, for a total transaction of $6,873,992.44. Following the completion of the transaction, the director directly owned 1,082,547 shares of the company’s stock, valued at $16,216,554.06. This trade represents a 29.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 3,042,437 shares of company stock worth $42,519,991 and have sold 2,931,862 shares worth $44,078,381. Insiders own 61.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bogart Wealth LLC acquired a new stake in Asana in the second quarter valued at approximately $27,000. Banque Cantonale Vaudoise bought a new stake in Asana in the first quarter worth about $28,000. Farther Finance Advisors LLC raised its position in shares of Asana by 119.7% in the third quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock valued at $34,000 after purchasing an additional 1,391 shares during the period. AlphaQuest LLC raised its position in shares of Asana by 825.1% in the first quarter. AlphaQuest LLC now owns 2,470 shares of the company’s stock valued at $36,000 after purchasing an additional 2,203 shares during the period. Finally, Quarry LP increased its holdings in Asana by 104.8% during the 1st quarter. Quarry LP now owns 2,906 shares of the company’s stock worth $42,000 after acquiring an additional 1,487 shares during the period. Institutional investors and hedge funds 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.