Asana (NYSE:ASAN) Given “Neutral” Rating at BTIG Research

Asana (NYSE:ASAN)‘s stock had its “neutral” rating restated by equities research analysts at BTIG Research in a research note issued to investors on Friday, Benzinga reports.

A number of other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Asana from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $15.00 target price on shares of Asana in a research note on Tuesday, July 7th. Morgan Stanley lowered their target price on Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, May 29th. DA Davidson reissued a “neutral” rating and set a $8.00 price target on shares of Asana in a research report on Friday, May 29th. Finally, UBS Group reissued a “neutral” rating and issued a $8.00 price target on shares of Asana in a report on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Asana has an average rating of “Hold” and a consensus price target of $9.45.

Asana Stock Up 2.6%

Shares of NYSE:ASAN opened at $10.05 on Friday. The company has a market cap of $2.32 billion, a P/E ratio of -14.57 and a beta of 0.95. Asana has a 52 week low of $5.38 and a 52 week high of $15.71. The company has a 50-day moving average price of $8.40 and a 200 day moving average price of $7.36.

Asana (NYSE:ASAN) last issued its earnings results on Thursday, September 3rd. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Asana had a negative net margin of 20.21% and a negative return on equity of 74.32%. The company had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.15 million. During the same period in the prior year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. Analysts expect that Asana will post -0.4 EPS for the current year.

Insider Activity at Asana

In other news, insider Katie Colendich sold 8,337 shares of Asana stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $6.74, for a total value of $56,191.38. Following the transaction, the insider directly owned 181,840 shares of the company’s stock, valued at $1,225,601.60. The trade was a 4.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Daniel Rogers sold 26,975 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total transaction of $179,653.50. Following the sale, the chief executive officer directly owned 1,905,780 shares of the company’s stock, valued at approximately $12,692,494.80. This trade represents a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 119,959 shares of company stock worth $809,325. Company insiders own 87.54% of the company’s stock.

Institutional Investors Weigh In On Asana

Several large investors have recently made changes to their positions in the business. Jupiter Asset Management Ltd. increased its stake in Asana by 705.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock valued at $18,850,000 after purchasing an additional 1,204,232 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Asana by 92.6% during the first quarter. Bank of America Corp DE now owns 2,237,195 shares of the company’s stock worth $14,318,000 after purchasing an additional 1,075,572 shares during the period. Y Intercept Hong Kong Ltd lifted its position in shares of Asana by 250.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 532,796 shares of the company’s stock worth $3,410,000 after buying an additional 380,741 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Asana in the 1st quarter worth about $1,016,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Asana by 49.3% in the 1st quarter. Bank of New York Mellon Corp now owns 856,622 shares of the company’s stock valued at $5,482,000 after buying an additional 283,054 shares during the period. Institutional investors and hedge funds own 26.21% of the company’s stock.

Key Headlines Impacting Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana reported fiscal Q2 2027 adjusted earnings of $0.10 per share, above the $0.09 consensus estimate, while revenue rose 9.9% year over year to $216.43 million, exceeding expectations of $214.15 million. Asana Announces Second Quarter Fiscal 2027 Results
• Positive Sentiment: Management raised fiscal 2027 adjusted EPS guidance to $0.37, well above the $0.22 analyst consensus, and forecast revenue of $858.5 million to $863.5 million, broadly in line with the $860.7 million consensus. Asana forecasts FY2027 revenue and Agentic Work Management rollout
• Positive Sentiment: Asana plans to roll out its “Agentic Work Management” offering in mid-September and cited improving retention, stronger upmarket sales momentum and growing adoption of its AI products as potential growth drivers.
• Neutral Sentiment: Third-quarter EPS guidance of $0.08 is above the $0.05 consensus, but revenue guidance of $217 million to $219 million is centered near expectations, offering limited evidence of accelerating top-line growth.
• Negative Sentiment: The stock initially declined after the report despite the earnings beat. Investors appeared focused on Asana’s modest near-term revenue outlook and ongoing profitability concerns, including a negative net margin and negative return on equity. Asana stock reaction to Q3 outlook

About Asana

Asana, Inc (NYSE: ASAN) is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana’s platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company’s cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.

Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.