Asana (NYSE:ASAN) Price Target Lowered to $8.00 at Morgan Stanley

Asana (NYSE:ASAN) had its price target decreased by Morgan Stanley from $14.00 to $8.00 in a research note published on Tuesday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the stock.

Other research analysts have also issued research reports about the company. UBS Group cut their price target on Asana from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd. BTIG Research assumed coverage on Asana in a report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Citigroup upgraded shares of Asana from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Thursday, January 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Asana in a report on Monday, December 29th. Finally, Robert W. Baird reduced their price objective on shares of Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Asana presently has an average rating of “Hold” and an average price target of $12.46.

Asana Stock Up 2.7%

Asana stock opened at $7.50 on Tuesday. The company has a market capitalization of $1.78 billion, a PE ratio of -9.37 and a beta of 1.01. Asana has a 12-month low of $6.51 and a 12-month high of $19.18. The firm’s fifty day moving average is $10.29 and its 200 day moving average is $12.57. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19.

Asana (NYSE:ASAN) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.08 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $205.13 million. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, sell-side analysts predict that Asana will post -1.09 EPS for the current fiscal year.

Insider Buying and Selling at Asana

In related news, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $13.54, for a total transaction of $336,983.52. Following the completion of the sale, the chief financial officer directly owned 968,149 shares of the company’s stock, valued at approximately $13,108,737.46. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Anne Raimondi sold 62,165 shares of Asana stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $14.31, for a total value of $889,581.15. Following the sale, the chief operating officer owned 702,013 shares in the company, valued at $10,045,806.03. This trade represents a 8.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,127,448 shares of company stock worth $16,825,400. Insiders own 61.28% of the company’s stock.

Institutional Trading of Asana

A number of large investors have recently bought and sold shares of ASAN. Invesco Ltd. raised its stake in shares of Asana by 18.3% in the fourth quarter. Invesco Ltd. now owns 106,753 shares of the company’s stock valued at $1,464,000 after buying an additional 16,500 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in Asana in the 4th quarter worth about $211,000. XTX Topco Ltd raised its stake in Asana by 213.4% in the 4th quarter. XTX Topco Ltd now owns 235,451 shares of the company’s stock valued at $3,228,000 after acquiring an additional 160,329 shares during the period. Susquehanna Fundamental Investments LLC lifted its holdings in Asana by 663.4% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 109,178 shares of the company’s stock valued at $1,497,000 after purchasing an additional 94,876 shares during the last quarter. Finally, Occudo Quantitative Strategies LP boosted its position in Asana by 76.1% during the fourth quarter. Occudo Quantitative Strategies LP now owns 156,282 shares of the company’s stock worth $2,143,000 after purchasing an additional 67,560 shares during the period. 26.21% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Asana

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

Asana Company Profile

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.