Asana (NYSE:ASAN) Issues Q1 2026 Earnings Guidance

Asana (NYSE:ASAN) updated its first quarter 2026 earnings guidance on Monday. The company provided earnings per share guidance of 0.020-0.020 for the period, compared to the consensus earnings per share estimate of -0.010. The company issued revenue guidance of $184.5 million-$186.5 million, compared to the consensus revenue estimate of $190.7 million. Asana also updated its FY 2026 guidance to 0.190-0.200 EPS.

Asana Price Performance

Shares of NYSE:ASAN traded down $1.56 during trading hours on Monday, hitting $16.69. 8,030,611 shares of the company’s stock traded hands, compared to its average volume of 2,498,529. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. The company’s fifty day simple moving average is $20.63 and its two-hundred day simple moving average is $16.85. Asana has a 52 week low of $11.05 and a 52 week high of $27.77. The company has a market cap of $3.82 billion, a price-to-earnings ratio of -14.90 and a beta of 1.13.

Asana (NYSE:ASAN) last issued its earnings results on Monday, March 10th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.21). The business had revenue of $188.30 million for the quarter, compared to the consensus estimate of $188.13 million. Asana had a negative return on equity of 86.84% and a negative net margin of 36.17%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) earnings per share. As a group, equities analysts anticipate that Asana will post -1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ASAN has been the subject of several analyst reports. Morgan Stanley upped their target price on Asana from $14.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. DA Davidson boosted their price objective on Asana from $13.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. JPMorgan Chase & Co. raised their target price on shares of Asana from $13.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, December 6th. Piper Sandler restated an “overweight” rating and set a $27.00 price target on shares of Asana in a report on Thursday, February 6th. Finally, Oppenheimer raised their price objective on shares of Asana from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.73.

Insider Activity at Asana

In other news, COO Anne Raimondi sold 27,233 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.71, for a total transaction of $591,228.43. Following the transaction, the chief operating officer now owns 733,855 shares in the company, valued at $15,931,992.05. This represents a 3.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Justin Rosenstein sold 200,000 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $21.67, for a total transaction of $4,334,000.00. Following the completion of the sale, the director now owns 1,847,309 shares of the company’s stock, valued at $40,031,186.03. This represents a 9.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 723,300 shares of company stock valued at $15,161,068. Insiders own 63.97% of the company’s stock.

About Asana

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.