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

Asana, Inc. (NYSE:ASAN) has been assigned an average rating of “Hold” from the seventeen analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $16.1071.

A number of research firms have commented on ASAN. Citigroup lowered their price objective on Asana from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Wall Street Zen raised Asana from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings restated a “sell (d-)” rating on shares of Asana in a research report on Monday, December 29th. KeyCorp raised Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price target for the company in a research note on Monday, December 15th. Finally, BTIG Research initiated coverage on shares of Asana in a research report on Tuesday, December 16th. They set a “neutral” rating for the company.

Asana Price Performance

NYSE:ASAN opened at $11.41 on Thursday. Asana has a 52 week low of $11.30 and a 52 week high of $24.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 1.40. The firm’s 50-day simple moving average is $13.35 and its 200 day simple moving average is $13.86. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of -12.27 and a beta of 0.91.

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

Insider Transactions at Asana

In other news, Director Justin Rosenstein sold 850,233 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $15.12, for a total transaction of $12,855,522.96. Following the completion of the sale, the director owned 210,398 shares of the company’s stock, valued at approximately $3,181,217.76. This represents a 80.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Sonalee Elizabeth Parekh sold 24,888 shares of Asana stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $13.54, for a total transaction of $336,983.52. Following the completion of the transaction, the chief financial officer directly owned 968,149 shares in the company, valued at $13,108,737.46. This trade represents a 2.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,600,027 shares of company stock valued at $23,904,222. Company insiders own 61.28% of the company’s stock.

Hedge Funds Weigh In On Asana

Several hedge funds and other institutional investors have recently modified their holdings of ASAN. 180 Wealth Advisors LLC raised its holdings in shares of Asana by 7.2% during the 2nd quarter. 180 Wealth Advisors LLC now owns 10,769 shares of the company’s stock worth $145,000 after buying an additional 722 shares in the last quarter. Vident Advisory LLC grew its position in Asana by 4.3% in the third quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock valued at $301,000 after acquiring an additional 930 shares during the last quarter. Blue Trust Inc. raised its stake in Asana by 3.6% during the third quarter. Blue Trust Inc. now owns 27,606 shares of the company’s stock worth $369,000 after acquiring an additional 968 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Asana by 13.2% in the second quarter. Ameritas Investment Partners Inc. now owns 9,533 shares of the company’s stock worth $129,000 after acquiring an additional 1,115 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Asana by 6.6% in the second quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company’s stock worth $262,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors 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.