Asana (NYSE:ASAN) Sets New 52-Week Low – Here’s Why

Shares of Asana, Inc. (NYSE:ASAN) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.06 and last traded at $8.21, with a volume of 6498269 shares. The stock had previously closed at $8.76.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen raised Asana from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asana in a report on Monday, December 29th. Citigroup upgraded shares of Asana from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, January 15th. BTIG Research started coverage on shares of Asana in a research report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Finally, Piper Sandler cut their price objective on shares of Asana from $19.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.75.

Asana Stock Down 6.3%

The stock’s fifty day moving average price is $12.51 and its 200 day moving average price is $13.34. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.95 billion, a P/E ratio of -8.83 and a beta of 0.95.

Asana (NYSE:ASAN) last announced its quarterly earnings data 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. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.The company had revenue of $201.03 million for the quarter, compared to analysts’ expectations of $198.78 million. During the same period last year, the firm posted ($0.02) EPS. Asana’s revenue for the quarter was up 9.3% compared to the same quarter last year. 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, research analysts forecast that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Anne Raimondi sold 76,093 shares of Asana stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $14.47, for a total value of $1,101,065.71. Following the transaction, the chief operating officer owned 764,178 shares in the company, valued at approximately $11,057,655.66. The trade was a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Justin Rosenstein sold 850,233 shares of the stock in a transaction dated 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 sale, the director owned 210,398 shares of the company’s stock, valued at $3,181,217.76. This represents a 80.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,127,448 shares of company stock valued at $16,825,400. 61.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Asana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASAN. Bogart Wealth LLC purchased a new stake in Asana during the 2nd quarter valued at $27,000. FNY Investment Advisers LLC bought a new position in shares of Asana during the third quarter valued at about $27,000. Jones Financial Companies Lllp boosted its holdings in shares of Asana by 137.7% during the third quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock worth $34,000 after purchasing an additional 1,427 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Asana by 119.7% in the third quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock worth $34,000 after purchasing an additional 1,391 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Asana by 64.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock valued at $59,000 after purchasing an additional 1,706 shares during the period. 26.21% of the stock is currently owned by institutional investors.

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.