Asana (NYSE:ASAN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Asana (NYSE:ASAN) from a hold rating to a buy rating in a research report report published on Sunday.

A number of other brokerages have also issued reports on ASAN. Weiss Ratings reiterated a “sell (e+)” rating on shares of Asana in a research report on Wednesday, October 8th. Piper Sandler restated an “overweight” rating and issued a $19.00 price objective on shares of Asana in a report on Thursday, September 4th. Robert W. Baird increased their price objective on shares of Asana from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. Finally, Morgan Stanley increased their price objective on shares of Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.10.

Asana Price Performance

Shares of ASAN stock opened at $14.29 on Friday. Asana has a 1 year low of $11.58 and a 1 year high of $27.77. The firm’s 50 day moving average is $14.10 and its 200-day moving average is $14.80. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of -16.06 and a beta of 1.11. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16.

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

Insider Activity

In other Asana news, CFO Sonalee Elizabeth Parekh sold 63,374 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $14.38, for a total value of $911,318.12. Following the sale, the chief financial officer directly owned 1,076,693 shares in the company, valued at approximately $15,482,845.34. This trade represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Anne Raimondi sold 28,026 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $14.17, for a total transaction of $397,128.42. Following the completion of the sale, the chief operating officer owned 862,469 shares in the company, valued at approximately $12,221,185.73. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have purchased 2,817,437 shares of company stock valued at $39,090,991 and have sold 2,427,928 shares valued at $36,497,981. Company insiders own 61.28% of the company’s stock.

Institutional Investors Weigh In On Asana

Large investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new stake in shares of Asana during the first quarter worth $28,000. Bogart Wealth LLC bought a new stake in shares of Asana during the second quarter worth $27,000. AlphaQuest LLC increased its position in shares of Asana by 825.1% during the first quarter. AlphaQuest LLC now owns 2,470 shares of the company’s stock worth $36,000 after acquiring an additional 2,203 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Asana by 119.7% during the third quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock worth $34,000 after acquiring an additional 1,391 shares in the last quarter. Finally, Quarry LP increased its position in shares of Asana by 104.8% during the first quarter. Quarry LP now owns 2,906 shares of the company’s stock worth $42,000 after acquiring an additional 1,487 shares in the last quarter. Institutional investors own 26.21% of the company’s stock.

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.