Asana (NYSE:ASAN) Price Target Lowered to $13.00 at Citigroup

Asana (NYSE:ASAN) had its target price lowered by Citigroup from $16.00 to $13.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently commented on the stock. HSBC set a $8.00 price objective on shares of Asana in a research note on Friday, February 13th. Jefferies Financial Group lowered their price objective on Asana from $15.00 to $8.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. BTIG Research assumed coverage on Asana in a research report on Tuesday, December 16th. They set a “neutral” rating for the company. UBS Group decreased their target price on Asana from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Finally, Wall Street Zen raised Asana from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.46.

Asana Stock Performance

NYSE:ASAN opened at $7.50 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 1.40. Asana has a 52-week low of $6.51 and a 52-week high of $19.18. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -9.37 and a beta of 1.01. The business’s fifty day moving average is $10.29 and its 200 day moving average is $12.57.

Asana (NYSE:ASAN) last issued 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 return on equity of 71.50% and a negative net margin of 23.90%.The business had revenue of $205.57 million during the quarter, compared to the consensus estimate of $205.13 million. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Research analysts predict that Asana will post -1.09 EPS for the current year.

Insider Activity at Asana

In other news, Director Justin Rosenstein sold 850,233 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the firm’s 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 transaction, the chief financial officer owned 968,149 shares in the company, valued at $13,108,737.46. This represents a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,127,448 shares of company stock worth $16,825,400 in the last ninety days. 61.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Asana

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC boosted its position in Asana by 6.8% during the 4th quarter. 180 Wealth Advisors LLC now owns 12,489 shares of the company’s stock valued at $171,000 after buying an additional 798 shares during the period. Vident Advisory LLC raised its stake in shares of Asana by 4.3% during 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 shares of Asana by 3.6% during the third quarter. Blue Trust Inc. now owns 27,606 shares of the company’s stock valued at $369,000 after acquiring an additional 968 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Asana by 13.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,533 shares of the company’s stock worth $129,000 after purchasing an additional 1,115 shares during the period. Finally, ProShare Advisors LLC grew its stake in shares of Asana by 7.8% in the fourth quarter. ProShare Advisors LLC now owns 16,412 shares of the company’s stock worth $225,000 after purchasing an additional 1,188 shares during the last quarter. 26.21% of the stock is currently owned by institutional investors.

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

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.