Research Analysts Set Expectations for Asana Q2 Earnings

Asana, Inc. (NYSE:ASAN) – Equities research analysts at DA Davidson issued their Q2 2026 EPS estimates for Asana in a research report issued on Wednesday, June 4th. DA Davidson analyst L. Schreiner expects that the company will earn ($0.18) per share for the quarter. DA Davidson currently has a “Neutral” rating and a $12.00 target price on the stock. The consensus estimate for Asana’s current full-year earnings is ($1.09) per share.

Asana (NYSE:ASAN) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Asana had a negative return on equity of 86.84% and a negative net margin of 36.17%. The firm had revenue of $187.63 million for the quarter, compared to the consensus estimate of $185.40 million. During the same quarter in the prior year, the business earned ($0.06) EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year.

A number of other research analysts also recently issued reports on ASAN. Jefferies Financial Group upped their target price on shares of Asana from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday. Morgan Stanley cut their target price on shares of Asana from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Wednesday. Robert W. Baird increased their price objective on shares of Asana from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday. Piper Sandler increased their price objective on shares of Asana from $17.00 to $19.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, KeyCorp restated a “sector weight” rating on shares of Asana in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.97.

Asana Trading Down 20.4%

Shares of ASAN opened at $15.13 on Thursday. The company has a quick ratio of 1.49, a current 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 market capitalization of $3.53 billion, a PE ratio of -13.51 and a beta of 1.23. The stock’s fifty day simple moving average is $16.32 and its 200-day simple moving average is $18.26.

Insiders Place Their Bets

In other Asana news, CEO Dustin A. Moskovitz purchased 50,000 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were bought at an average price of $15.84 per share, with a total value of $792,000.00. Following the completion of the transaction, the chief executive officer now directly owns 51,398,436 shares in the company, valued at $814,151,226.24. This trade represents a 0.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Anne Raimondi sold 18,775 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $14.03, for a total value of $263,413.25. Following the sale, the chief operating officer now directly owns 716,580 shares in the company, valued at approximately $10,053,617.40. This represents a 2.55% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 2,074,507 shares of company stock worth $30,025,743. Company insiders own 61.28% of the company’s stock.

Institutional Investors Weigh In On Asana

A number of hedge funds and other institutional investors have recently made changes to their positions in ASAN. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Asana during the fourth quarter worth $38,966,000. Acadian Asset Management LLC raised its stake in shares of Asana by 8,850.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock valued at $16,950,000 after purchasing an additional 1,151,369 shares during the period. Paradice Investment Management LLC acquired a new stake in shares of Asana in the 4th quarter valued at about $22,507,000. Two Sigma Investments LP raised its stake in shares of Asana by 288.1% in the 4th quarter. Two Sigma Investments LP now owns 1,405,088 shares of the company’s stock valued at $28,481,000 after purchasing an additional 1,043,047 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of Asana by 8.1% in the 4th quarter. Voya Investment Management LLC now owns 12,539,038 shares of the company’s stock valued at $254,166,000 after purchasing an additional 937,726 shares during the period. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Asana Company Profile

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.