Asana, Inc. (NYSE:ASAN) Given Consensus Recommendation of “Hold” by Brokerages

Asana, Inc. (NYSE:ASAN) has been assigned a consensus rating of “Hold” from the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $16.3214.

A number of analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Thursday, September 4th. Robert W. Baird upped their price objective on shares of Asana from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Piper Sandler restated an “overweight” rating and set a $19.00 price target on shares of Asana in a report on Thursday, September 4th. Finally, Royal Bank Of Canada upped their price target on shares of Asana from $12.00 to $14.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 3rd.

Asana Stock Performance

Shares of Asana stock opened at $14.46 on Friday. Asana has a 12 month low of $11.58 and a 12 month high of $24.50. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.43 billion, a PE ratio of -15.55 and a beta of 0.93. The business has a fifty day simple moving average of $13.65 and a 200-day simple moving average of $13.91.

Asana (NYSE:ASAN) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.The firm had revenue of $201.03 million for the quarter, compared to analyst estimates of $198.78 million. During the same period in the previous year, the firm earned ($0.02) earnings per share. Asana’s quarterly revenue was up 9.3% on a year-over-year basis. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. On average, sell-side analysts anticipate that Asana will post -1.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Justin Rosenstein sold 1,199,560 shares of the business’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $15.23, for a total value of $18,269,298.80. Following the completion of the sale, the director owned 1,555,925 shares of the company’s stock, valued at approximately $23,696,737.75. The trade was a 43.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Sonalee Elizabeth Parekh sold 194,976 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $14.17, for a total value of $2,762,809.92. Following the completion of the transaction, the chief financial officer owned 1,140,067 shares in the company, valued at $16,154,749.39. This represents a 14.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,286,376 shares of company stock valued at $49,476,318 in the last three months. Insiders own 61.28% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Bogart Wealth LLC acquired a new stake in shares of Asana in the 2nd quarter valued at $27,000. FNY Investment Advisers LLC acquired a new position in Asana during the third quarter worth $27,000. Farther Finance Advisors LLC raised its holdings in Asana by 119.7% during the third quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock valued at $34,000 after buying an additional 1,391 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Asana by 137.7% in the third quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock worth $34,000 after buying an additional 1,427 shares during the last quarter. Finally, AlphaQuest LLC boosted 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 in the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

About Asana

Asana, Inc (NYSE: ASAN) is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana’s platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company’s cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.

Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.