Asana’s (ASAN) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (e+) rating on shares of Asana (NYSE:ASAN) in a research report released on Wednesday morning,Weiss Ratings reports.

A number of other research firms also recently weighed in on ASAN. Morgan Stanley increased their price target on shares of Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Thursday, September 4th. Piper Sandler reaffirmed an “overweight” rating and set a $19.00 price target on shares of Asana in a research note on Thursday, September 4th. Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Robert W. Baird increased their price target on shares of Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.10.

Asana Stock Performance

Shares of ASAN opened at $13.59 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of -15.27 and a beta of 1.11. The company’s 50 day simple moving average is $13.98 and its 200 day simple moving average is $14.85. Asana has a 1 year low of $11.58 and a 1 year high of $27.77.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.25). The firm had revenue of $196.94 million for the quarter, compared to analysts’ expectations of $193.01 million. Asana had a negative net margin of 27.50% and a negative return on equity of 83.88%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) EPS. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. On average, sell-side analysts predict that Asana will post -1.09 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dustin A. Moskovitz purchased 225,000 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was acquired at an average cost of $15.04 per share, with a total value of $3,384,000.00. Following the acquisition, the director owned 54,405,999 shares in the company, valued at approximately $818,266,224.96. This trade represents a 0.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Justin Rosenstein sold 1,199,560 shares of the firm’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $15.23, for a total transaction of $18,269,298.80. Following the sale, the director directly owned 1,555,925 shares of the company’s stock, valued at approximately $23,696,737.75. The trade was a 43.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 4,388,028 shares of company stock worth $62,108,432 and sold 4,915,849 shares worth $73,942,035. Company insiders own 61.28% of the company’s stock.

Institutional Investors Weigh In On Asana

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Asana by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company’s stock valued at $155,261,000 after purchasing an additional 475,100 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Asana by 104.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,160,975 shares of the company’s stock worth $56,173,000 after acquiring an additional 2,126,683 shares in the last quarter. Geode Capital Management LLC grew its holdings in Asana by 13.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,153,811 shares of the company’s stock worth $29,080,000 after acquiring an additional 263,601 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Asana by 73.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,020,660 shares of the company’s stock worth $27,256,000 after acquiring an additional 856,282 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Asana by 594.9% during the 2nd quarter. Marshall Wace LLP now owns 1,285,583 shares of the company’s stock worth $17,355,000 after acquiring an additional 1,100,575 shares in the last quarter. 26.21% of the stock is 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.