KeyCorp Lowers Asana (NYSE:ASAN) Price Target to $15.00

Asana (NYSE:ASAN) had its target price cut by equities research analysts at KeyCorp from $18.00 to $15.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 94.05% from the stock’s current price.

A number of other research analysts have also recently issued reports on ASAN. UBS Group cut their target price on shares of Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Robert W. Baird dropped their price target on Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday. Jefferies Financial Group cut their price objective on Asana from $15.00 to $8.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. BTIG Research assumed coverage on Asana in a report on Tuesday, December 16th. They set a “neutral” rating on the stock. Finally, DA Davidson lowered their target price on Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Asana presently has an average rating of “Hold” and an average price target of $12.46.

Asana Stock Up 3.9%

Shares of NYSE ASAN opened at $7.73 on Tuesday. Asana has a 52-week low of $6.51 and a 52-week high of $19.12. 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 business has a fifty day moving average of $10.17 and a two-hundred day moving average of $12.54. The stock has a market cap of $1.83 billion, a PE ratio of -9.66 and a beta of 1.01.

Asana (NYSE:ASAN) last posted its earnings results on Monday, March 2nd. The company reported $0.08 earnings per share 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 business had revenue of $205.57 million for the quarter, compared to analyst estimates of $205.13 million. The company’s revenue was up 9.2% on a year-over-year basis. As a group, equities research analysts expect that Asana will post -1.09 earnings per share for the current fiscal year.

Insider Transactions at Asana

In other news, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the company’s stock in a transaction 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 transaction, the chief financial officer owned 968,149 shares of the company’s stock, valued at $13,108,737.46. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Anne Raimondi sold 62,165 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $14.31, for a total value of $889,581.15. Following the completion of the transaction, the chief operating officer owned 702,013 shares in the company, valued at approximately $10,045,806.03. This represents a 8.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,127,448 shares of company stock worth $16,825,400 over the last 90 days. 61.28% of the stock is owned by insiders.

Institutional Investors Weigh In On Asana

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Asana by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,173,305 shares of the company’s stock valued at $180,606,000 after purchasing an additional 48,847 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Asana by 12.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,214,591 shares of the company’s stock valued at $71,492,000 after acquiring an additional 565,681 shares during the period. Goldman Sachs Group Inc. boosted its stake in Asana by 53.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock worth $38,277,000 after acquiring an additional 977,107 shares during the last quarter. Marshall Wace LLP grew its holdings in Asana by 35.1% during the fourth quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock valued at $36,375,000 after purchasing an additional 689,546 shares during the period. Finally, Geode Capital Management LLC increased its stake in Asana by 13.9% in the second quarter. Geode Capital Management LLC now owns 2,153,811 shares of the company’s stock valued at $29,080,000 after purchasing an additional 263,601 shares in the last quarter. 26.21% of the stock is owned by institutional investors.

Trending Headlines about Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Q4 results beat on EPS, revenue growth and operating swing to profit — Asana reported a $0.08 EPS (vs. $0.07 consensus), revenue grew ~9% year‑over‑year and operating income swung toward profitability, supporting the stock move higher. Read More.
• Positive Sentiment: FY‑27 revenue target and AI focus — Management outlined a FY‑27 revenue target of up to $858M and emphasized expansion of its AI platform, which supports medium‑term revenue growth potential if adoption accelerates. Read More.
• Positive Sentiment: New CFO named — Asana has appointed Megji as CFO, which reduces near‑term leadership uncertainty after the prior CFO’s exit. Management highlighted continuity plans. Read More.
• Neutral Sentiment: Guidance largely in line but revenue a touch soft — Q1 EPS guidance (0.070–0.080) and FY‑27 EPS (0.360–0.370) were essentially in line with consensus, while FY revenue and Q1 revenue ranges were at or just below street estimates — a mixed read for near‑term top‑line growth. Read More.
• Negative Sentiment: CFO turnover — The outgoing CFO resigned after under two years, raising governance and execution concerns until the new CFO is fully integrated. Read More.
• Negative Sentiment: Multiple analyst price‑target cuts and downgrades — Several firms (UBS, Morgan Stanley, RBC, Piper Sandler, Robert W. Baird and others) have trimmed targets and lowered ratings this week, reflecting skepticism on Asana’s growth trajectory and fueling selling pressure. Read More.

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.