Asana (NYSE:ASAN) Releases Q1 Earnings Guidance

Asana (NYSE:ASAN) updated its first quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.02 for the period, compared to the consensus estimate of ($0.02). The company issued revenue guidance of $184.5-$186.5 million, compared to the consensus revenue estimate of $190.80 million. Asana also updated its FY 2026 guidance to 0.190-0.200 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup upped their price objective on shares of Asana from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Morgan Stanley boosted their target price on shares of Asana from $14.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Scotiabank boosted their target price on shares of Asana from $15.00 to $18.00 and gave the company a “sector perform” rating in a research report on Friday, December 6th. KeyCorp raised shares of Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 target price for the company in a research report on Friday, December 6th. Finally, DA Davidson boosted their target price on shares of Asana from $13.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Two equities 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, Asana has a consensus rating of “Hold” and an average price target of $17.73.

Asana Stock Down 8.5 %

ASAN stock opened at $16.69 on Tuesday. The stock has a market capitalization of $3.82 billion, a P/E ratio of -14.90 and a beta of 1.13. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. Asana has a 12 month low of $11.05 and a 12 month high of $27.77. The firm has a 50-day moving average price of $20.55 and a 200-day moving average price of $16.87.

Insider Transactions at Asana

In other news, Director Justin Rosenstein sold 196,067 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $21.78, for a total value of $4,270,339.26. Following the completion of the transaction, the director now owns 1,651,242 shares of the company’s stock, valued at approximately $35,964,050.76. This represents a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Anne Raimondi sold 27,233 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.71, for a total value of $591,228.43. Following the completion of the transaction, the chief operating officer now directly owns 733,855 shares of the company’s stock, valued at $15,931,992.05. This represents a 3.58 % decrease in their position. 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. 63.97% of the stock is currently owned by 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.