Asana, Inc. (NYSE:ASAN) Given Consensus Rating of “Hold” by Brokerages

Asana, Inc. (NYSE:ASAN) has been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $9.2727.

A number of analysts have recently weighed in on ASAN shares. UBS Group reissued a “neutral” rating and issued a $8.00 price objective on shares of Asana in a research report on Friday, May 29th. Citigroup reissued a “market outperform” rating on shares of Asana in a research report on Friday, May 29th. Piper Sandler reissued a “neutral” rating and issued a $7.00 price objective (down from $9.00) on shares of Asana in a research report on Tuesday, April 14th. Jefferies Financial Group lowered their price objective on Asana from $15.00 to $8.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. Finally, KeyCorp lowered their price objective on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, May 29th.

Insiders Place Their Bets

In other news, CAO Veronica Sosa sold 6,479 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $6.65, for a total value of $43,085.35. Following the completion of the sale, the chief accounting officer owned 73,722 shares of the company’s stock, valued at $490,251.30. This trade represents a 8.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sonalee Elizabeth Parekh sold 18,717 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $6.62, for a total value of $123,906.54. Following the completion of the sale, the chief financial officer directly owned 915,281 shares of the company’s stock, valued at $6,059,160.22. The trade was a 2.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 62,922 shares of company stock valued at $417,870 in the last three months. Insiders own 61.28% of the company’s stock.

Institutional Trading of Asana

Institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in Asana during the 3rd quarter worth about $27,000. Jones Financial Companies Lllp lifted its position in Asana by 137.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock worth $34,000 after acquiring an additional 1,427 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Asana during the 4th quarter worth about $50,000. Daiwa Securities Group Inc. lifted its position in Asana by 64.0% during the 2nd 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 during the period. Finally, Optiver Holding B.V. lifted its position in Asana by 2,008.8% during the 1st quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock worth $34,000 after acquiring an additional 5,002 shares during the period. Institutional investors and hedge funds own 26.21% of the company’s stock.

Asana Trading Down 0.7%

Shares of NYSE:ASAN opened at $7.41 on Friday. Asana has a 12-month low of $5.38 and a 12-month high of $15.71. The business’s fifty day simple moving average is $6.65 and its 200-day simple moving average is $9.05. The company has a market capitalization of $1.71 billion, a PE ratio of -10.73 and a beta of 1.02.

Asana (NYSE:ASAN) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The business had revenue of $205.10 million for the quarter, compared to the consensus estimate of $203.58 million. During the same period last year, the business posted $0.05 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. Research analysts predict that Asana will post -0.4 EPS for the current year.

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.