UBS Group Lowers Asana (NYSE:ASAN) Price Target to $9.00

Asana (NYSE:ASAN) had its price objective decreased by stock analysts at UBS Group from $16.00 to $9.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 16.43% from the company’s previous close.

A number of other analysts have also commented on ASAN. Morgan Stanley reduced their price objective on shares of Asana from $14.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday. Piper Sandler dropped their target price on Asana from $14.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday. Robert W. Baird lowered their price target on shares of Asana from $16.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday. DA Davidson dropped their target price on Asana from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Finally, KeyCorp dropped their price objective on Asana from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday. One equities research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Asana presently has an average rating of “Hold” and a consensus price target of $12.46.

Asana Stock Up 3.9%

NYSE ASAN opened at $7.73 on Tuesday. The company has a market capitalization of $1.83 billion, a P/E ratio of -9.66 and a beta of 1.01. Asana has a 12 month low of $6.51 and a 12 month high of $19.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.40. The company’s 50 day simple moving average is $10.17 and its 200 day simple moving average is $12.54.

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

Insider Activity at Asana

In related news, Director Justin Rosenstein sold 850,233 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $15.12, for a total value of $12,855,522.96. Following the transaction, the director directly owned 210,398 shares in the company, valued at approximately $3,181,217.76. This trade represents a 80.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Anne Raimondi sold 76,093 shares of the company’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 sale, the chief operating officer owned 764,178 shares of the company’s stock, valued at $11,057,655.66. This trade represents a 9.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,127,448 shares of company stock worth $16,825,400. 61.28% of the stock is owned by insiders.

Institutional Investors Weigh In On Asana

Several hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new stake in shares of Asana during the 3rd quarter worth approximately $27,000. Jones Financial Companies Lllp boosted its holdings in Asana by 137.7% during the third quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock valued at $34,000 after purchasing an additional 1,427 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Asana by 119.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock worth $34,000 after buying an additional 1,391 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Asana in the 4th quarter valued at $50,000. Finally, Daiwa Securities Group Inc. raised its stake in Asana by 64.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after acquiring an additional 1,706 shares in the last quarter. Institutional investors own 26.21% of the company’s stock.

Asana News Summary

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.