Asana (NYSE:ASAN) Updates FY26 Earnings Guidance

Asana (NYSE:ASAN) updated its FY26 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.19-$0.20 for the period, compared to the consensus estimate of $0.00. The company issued revenue guidance of $782.0-$790.0 million, compared to the consensus revenue estimate of $803.47 million. Asana also updated its Q1 guidance to $0.02 EPS.

Asana Stock Down 8.5 %

Shares of NYSE:ASAN traded down $1.56 on Monday, hitting $16.69. 6,804,444 shares of the company’s stock were exchanged, compared to its average volume of 2,496,592. Asana has a 1-year low of $11.05 and a 1-year high of $27.77. The company has a market capitalization of $3.82 billion, a PE ratio of -14.90 and a beta of 1.13. 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 firm’s 50-day moving average is $20.63 and its 200 day moving average is $16.85.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Asana from $16.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Royal Bank of Canada restated an “underperform” rating and set a $10.00 price target on shares of Asana in a research note on Friday, December 6th. Oppenheimer increased their price objective on Asana from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, December 6th. JMP Securities upped their price target on shares of Asana from $21.00 to $25.00 and gave the company a “market outperform” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Asana from $13.00 to $15.00 and gave the company an “underweight” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.73.

Insider Buying and Selling at Asana

In other news, COO Anne Raimondi sold 27,233 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.71, for a total value of $591,228.43. Following the completion of the sale, the chief operating officer now directly owns 733,855 shares of the company’s stock, valued at $15,931,992.05. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 value of $4,334,000.00. Following the transaction, the director now directly owns 1,847,309 shares in the company, valued at $40,031,186.03. This represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 723,300 shares of company stock valued at $15,161,068. 63.97% of the stock is owned by corporate insiders.

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.