Asana (NYSE:ASAN) Hits New 12-Month Low – Here’s What Happened

Asana, Inc. (NYSE:ASAN) reached a new 52-week low on Tuesday . The company traded as low as $10.60 and last traded at $10.6750, with a volume of 370917 shares. The stock had previously closed at $10.93.

Analyst Ratings Changes

ASAN has been the topic of a number of analyst reports. Citigroup raised Asana from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Thursday, January 15th. Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. UBS Group cut their price objective on shares of Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Asana in a research note on Monday, December 29th. Finally, BTIG Research initiated coverage on shares of Asana in a research note on Tuesday, December 16th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Asana presently has an average rating of “Hold” and a consensus price target of $16.11.

Asana Trading Down 2.8%

The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. The business’s fifty day moving average is $13.22 and its 200-day moving average is $13.80. The stock has a market capitalization of $2.52 billion, a PE ratio of -11.42 and a beta of 0.91.

Asana (NYSE:ASAN) last announced its quarterly earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $201.03 million for the quarter, compared to analyst estimates of $198.78 million. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. Asana’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.02) EPS. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. As a group, analysts anticipate that Asana, Inc. will post -1.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Justin Rosenstein sold 850,233 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Anne Raimondi sold 62,165 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $14.31, for a total transaction of $889,581.15. Following the completion of the transaction, the chief operating officer owned 702,013 shares in the company, valued at $10,045,806.03. The trade was a 8.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,141,149 shares of company stock worth $17,030,230 over the last three months. 61.28% of the stock is owned by insiders.

Institutional Investors Weigh In On Asana

Several large investors have recently made changes to their positions in ASAN. Harbor Capital Advisors Inc. increased its holdings in Asana by 25.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 36,024 shares of the company’s stock valued at $494,000 after purchasing an additional 7,204 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Asana by 7.2% in the fourth quarter. Blue Trust Inc. now owns 29,599 shares of the company’s stock worth $406,000 after buying an additional 1,993 shares during the period. Archford Capital Strategies LLC acquired a new stake in shares of Asana in the fourth quarter valued at about $411,000. SG Americas Securities LLC raised its holdings in shares of Asana by 58.4% during the 4th quarter. SG Americas Securities LLC now owns 65,810 shares of the company’s stock valued at $902,000 after buying an additional 24,261 shares during the period. Finally, Diversified Trust Co. lifted its position in Asana by 12.4% during the 4th quarter. Diversified Trust Co. now owns 16,468 shares of the company’s stock worth $226,000 after acquiring an additional 1,822 shares in the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

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.