Asana (NYSE:ASAN) Stock Price Up 7.7% – Time to Buy?

Asana, Inc. (NYSE:ASAN)’s share price was up 7.7% during mid-day trading on Tuesday . The stock traded as high as $7.14 and last traded at $7.0880. Approximately 1,596,821 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 4,981,376 shares. The stock had previously closed at $6.58.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ASAN. Weiss Ratings reissued a “sell (d-)” rating on shares of Asana in a research report on Monday, December 29th. Royal Bank Of Canada dropped their price target on Asana from $14.00 to $11.00 and set an “underperform” rating on the stock in a research note on Monday, January 5th. UBS Group reduced their price target 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. BTIG Research assumed coverage on shares of Asana in a report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Finally, KeyCorp raised shares of Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 target price for the company in a report on Monday, December 15th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, Asana currently has a consensus rating of “Hold” and an average price target of $14.96.

Asana Stock Performance

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 company has a market cap of $1.75 billion, a P/E ratio of -7.95 and a beta of 0.95. The business’s 50 day simple moving average is $10.84 and its 200 day simple moving average is $12.75.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The firm had revenue of $201.03 million during the quarter, compared to analysts’ expectations of $198.78 million. During the same period in the prior year, the company posted ($0.02) earnings per share. The company’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. Sell-side analysts predict that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

Insider Activity at Asana

In other news, CFO Sonalee Elizabeth Parekh sold 24,888 shares of Asana stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $13.54, for a total transaction of $336,983.52. Following the sale, the chief financial officer owned 968,149 shares in the company, valued at $13,108,737.46. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Justin Rosenstein sold 850,233 shares of the business’s stock in a transaction 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 transaction, the director directly owned 210,398 shares in the company, valued at $3,181,217.76. This trade represents a 80.16% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,127,448 shares of company stock valued at $16,825,400. 61.28% of the stock is owned by company insiders.

Institutional Trading of Asana

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Asana by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,173,305 shares of the company’s stock worth $180,606,000 after purchasing an additional 48,847 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Asana by 12.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,214,591 shares of the company’s stock worth $71,492,000 after buying an additional 565,681 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Asana by 53.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock valued at $38,277,000 after buying an additional 977,107 shares during the last quarter. Marshall Wace LLP grew its holdings in Asana by 35.1% during the 4th quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock valued at $36,375,000 after buying an additional 689,546 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Asana by 13.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,153,811 shares of the company’s stock valued at $29,080,000 after buying an additional 263,601 shares in the last quarter. 26.21% of the stock is currently owned by institutional investors.

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.