Asana (NYSE:ASAN) Given New $9.00 Price Target at Robert W. Baird

Asana (NYSE:ASAN) had its price target lowered by Robert W. Baird from $16.00 to $9.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts also recently weighed in on ASAN. KeyCorp raised Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price objective on the stock in a research note on Monday, December 15th. Wall Street Zen raised Asana from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. HSBC set a $8.00 price target on shares of Asana in a research report on Friday, February 13th. Royal Bank Of Canada reduced their price objective on shares of Asana from $14.00 to $11.00 and set an “underperform” rating for the company in a research note on Monday, January 5th. Finally, Citigroup upgraded shares of Asana from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.46.

Asana Stock Up 2.7%

ASAN stock opened at $7.50 on Tuesday. The firm has a market cap of $1.78 billion, a PE ratio of -9.37 and a beta of 1.01. Asana has a 1 year low of $6.51 and a 1 year high of $19.18. The company has a fifty day simple moving average of $10.29 and a 200 day simple moving average of $12.57. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19.

Asana (NYSE:ASAN) last posted its earnings results on Monday, March 2nd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. Asana had a negative net margin of 23.90% and a negative return on equity of 71.50%. The firm had revenue of $205.57 million for the quarter, compared to the consensus estimate of $205.13 million. Asana’s revenue was up 9.2% compared to the same quarter last year. Sell-side analysts anticipate that Asana will post -1.09 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Anne Raimondi sold 76,093 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $14.47, for a total transaction of $1,101,065.71. Following the transaction, the chief operating officer owned 764,178 shares in the company, valued at approximately $11,057,655.66. The trade was a 9.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Justin Rosenstein sold 850,233 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 210,398 shares of the company’s stock, valued at $3,181,217.76. This represents a 80.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,127,448 shares of company stock valued at $16,825,400. 61.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Asana

A number of institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its holdings in Asana by 104.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,160,975 shares of the company’s stock valued at $56,173,000 after acquiring an additional 2,126,683 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Asana by 705.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock valued at $18,850,000 after purchasing an additional 1,204,232 shares during the period. Marshall Wace LLP increased its position in shares of Asana by 594.9% during the second quarter. Marshall Wace LLP now owns 1,285,583 shares of the company’s stock valued at $17,355,000 after purchasing an additional 1,100,575 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Asana by 53.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock valued at $38,277,000 after purchasing an additional 977,107 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Asana by 73.5% in the second quarter. Acadian Asset Management LLC now owns 2,020,660 shares of the company’s stock worth $27,256,000 after purchasing an additional 856,282 shares during the period. 26.21% of the stock is owned by institutional investors and hedge funds.

Asana News Roundup

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Q4 results beat on EPS and revenue, and the company highlighted an operating-income swing toward profit — evidence of improving unit economics that supports a path to sustained profitability. Asana, Inc. (ASAN) Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Management reiterated FY27 EPS guidance in line with consensus and outlined FY revenue targets (up to $858M) while emphasizing expansion of its AI platform — a strategic growth narrative that could re-rate the stock if execution continues. Asana outlines FY ’27 revenue target of up to $858M while expanding AI platform and appoints new CFO
• Positive Sentiment: Leadership continuity: Sonalee Parekh will step down as CFO, but Asana promoted Aziz Megji (internal FP&A head) to CFO — an internal hire that reduces transition risk. Asana to Appoint Aziz Megji to the Role of Chief Financial Officer
• Neutral Sentiment: Q1 and FY27 guidance: EPS guidance matches consensus (Q1: $0.070–0.080; FY: $0.360–0.370) but revenue ranges slightly under consensus, leaving growth investors mixed on near-term top-line momentum. Asana Q4 slide deck / press release
• Neutral Sentiment: Market commentary and call transcript provide detail for investors weighing AI upside against growth concerns — useful for longer-term positioning. ASAN Q4 earnings call transcript
• Negative Sentiment: Multiple brokerages cut price targets this morning (UBS, Morgan Stanley, RBC, Piper Sandler, Baird, Robert W. Baird among others), reflecting concerns about near-term revenue cadence and resetting expectations; RBC’s $7 PT is below the current share level. Analyst price-target updates (Benzinga)
• Negative Sentiment: The CFO resignation (effective March 23) creates short-term uncertainty despite an internal successor — departures at the finance level often trigger re-evaluation by investors focused on execution and guidance credibility. Tech firm Asana’s CFO resigns after less than two years in seat

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.