Asana (NYSE:ASAN) Given New $10.00 Price Target at UBS Group

Asana (NYSE:ASAN) had its price objective lifted by equities research analysts at UBS Group from $8.00 to $10.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 18.84% from the company’s current price.

Several other equities analysts have also issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Asana in a research report on Wednesday, August 5th. DA Davidson reaffirmed a “neutral” rating and issued a $8.00 target price on shares of Asana in a report on Friday, May 29th. Citizens Jmp reiterated a “market outperform” rating and issued a $15.00 target price on shares of Asana in a research note on Friday. Wall Street Zen cut shares of Asana from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Piper Sandler raised their price target on shares of Asana from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.86.

Asana Stock Down 16.6%

Asana stock opened at $8.41 on Friday. Asana has a twelve month low of $5.38 and a twelve month high of $15.48. The company has a market capitalization of $1.94 billion, a P/E ratio of -12.20 and a beta of 0.95. The stock’s 50 day moving average is $8.40 and its 200 day moving average is $7.36.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The business had revenue of $216.43 million during the quarter, compared to analysts’ expectations of $214.15 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. As a group, equities analysts expect that Asana will post -0.4 EPS for the current year.

Insiders Place Their Bets

In other Asana news, CFO Aziz Megji sold 31,696 shares of Asana stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total value of $211,095.36. Following the completion of the sale, the chief financial officer owned 778,628 shares of the company’s stock, valued at approximately $5,185,662.48. The trade was a 3.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katie Colendich sold 8,337 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $6.74, for a total value of $56,191.38. Following the completion of the transaction, the insider owned 181,840 shares in the company, valued at approximately $1,225,601.60. This trade represents a 4.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 119,959 shares of company stock worth $809,325 in the last 90 days. Corporate insiders own 87.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Corient Private Wealth LP purchased a new stake in Asana during the second quarter valued at approximately $451,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Asana in the 2nd quarter worth $415,000. California State Teachers Retirement System lifted its position in Asana by 874.2% during the second quarter. California State Teachers Retirement System now owns 764,533 shares of the company’s stock valued at $5,352,000 after purchasing an additional 686,051 shares in the last quarter. HB Wealth Management LLC purchased a new stake in Asana in the second quarter worth about $71,000. Finally, Handelsbanken Fonder AB raised its stake in shares of Asana by 41.8% in the second quarter. Handelsbanken Fonder AB now owns 32,900 shares of the company’s stock worth $230,000 after buying an additional 9,700 shares during the period. 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: Asana reported fiscal Q2 adjusted EPS of $0.10, above the $0.09 consensus estimate, while revenue of $216.4 million exceeded expectations of $214.2 million and increased 9.9% year over year. Asana Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management forecast fiscal 2027 EPS of $0.37, well above the $0.22 analyst consensus, and projected revenue of $858.5 million to $863.5 million, broadly in line with expectations. Asana also plans to roll out its Agentic Work Management offering in mid-September. Asana Forecasts Fiscal 2027 Revenue and Agentic Work Management Launch
• Neutral Sentiment: Piper Sandler raised its price target from $7 to $9 but maintained a neutral rating, implying roughly 10.4% downside from the referenced $10.05 price. BTIG Research also reaffirmed its neutral rating, indicating limited analyst conviction despite the higher target.
• Negative Sentiment: Asana’s fiscal Q3 revenue guidance of $217 million to $219 million was slightly below the $218.2 million consensus at the midpoint. Although projected EPS of $0.08 exceeded the $0.05 consensus, investors appeared more concerned about the pace of revenue growth and the company’s ongoing negative profitability metrics. Shares fell in extended trading following the report. Asana Stock Falls as Q3 Outlook Disappoints

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.