Asana (NYSE:ASAN) Given New $7.00 Price Target at Royal Bank Of Canada

Asana (NYSE:ASAN) had its price target cut by Royal Bank Of Canada from $11.00 to $7.00 in a research report report published on Tuesday,Benzinga reports. They currently have an underperform rating on the stock.

A number of other research firms have also commented on ASAN. Citigroup raised Asana from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Thursday, January 15th. Jefferies Financial Group reduced their target price on shares of Asana from $15.00 to $8.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. DA Davidson lowered their target price on shares of Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. HSBC set a $8.00 price target on shares of Asana in a research report on Friday, February 13th. 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 research report on Tuesday. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Asana presently has a consensus rating of “Hold” and an average price target of $12.46.

Asana Price Performance

Shares of NYSE ASAN opened at $7.50 on Tuesday. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of -9.37 and a beta of 1.01. 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 fifty-two week low of $6.51 and a fifty-two week high of $19.18. The firm’s 50-day simple moving average is $10.29 and its 200 day simple moving average is $12.57.

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

Insider Buying and Selling

In related news, Director Justin Rosenstein sold 850,233 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $15.12, for a total value of $12,855,522.96. Following the sale, the director directly owned 210,398 shares in the company, valued at approximately $3,181,217.76. The trade was 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 the stock in a transaction dated 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 position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,127,448 shares of company stock valued at $16,825,400. 61.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

More Asana News

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.