Asana (NYSE:ASAN) Updates FY 2027 Earnings Guidance

Asana (NYSE:ASAN) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 0.370-0.370 for the period, compared to the consensus earnings per share estimate of 0.190. The company issued revenue guidance of $855.0 million-$863.5 million, compared to the consensus revenue estimate of $854.2 million. Asana also updated its Q2 2027 guidance to 0.080-0.090 EPS.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ASAN. UBS Group reduced their price target on shares of Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Piper Sandler reiterated a “neutral” rating and issued a $7.00 price target (down from $9.00) on shares of Asana in a research report on Tuesday, April 14th. Morgan Stanley reduced their price target on shares of Asana from $14.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, March 3rd. Citigroup reduced their price target on shares of Asana from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Finally, Robert W. Baird reduced their price target on shares of Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.32.

Asana Stock Performance

Asana stock traded up $0.27 during trading hours on Thursday, reaching $6.68. 10,748,554 shares of the stock were exchanged, compared to its average volume of 6,015,485. The stock has a market cap of $1.59 billion, a P/E ratio of -8.35 and a beta of 0.95. Asana has a 52-week low of $5.38 and a 52-week high of $19.00. The firm’s 50 day moving average is $6.31 and its 200 day moving average is $9.43.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $205.10 million during the quarter, compared to the consensus estimate of $203.58 million. Asana had a negative net margin of 23.90% and a negative return on equity of 77.05%. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. Equities research analysts expect that Asana will post -0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other Asana news, CFO Sonalee Elizabeth Parekh sold 34,151 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $6.65, for a total transaction of $227,104.15. Following the completion of the transaction, the chief financial officer owned 933,998 shares in the company, valued at approximately $6,211,086.70. This represents a 3.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katie Marie Colendich sold 7,304 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $7.42, for a total transaction of $54,195.68. Following the transaction, the insider owned 108,214 shares of the company’s stock, valued at approximately $802,947.88. The trade was a 6.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 70,226 shares of company stock worth $472,065. 61.28% of the stock is owned by insiders.

Key Headlines Impacting Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana beat Q1 EPS expectations, reporting $0.10 versus the $0.08 consensus, while revenue came in at $205.1 million, slightly above estimates. Stronger-than-expected operating cash flow also helped support the bullish reaction. Article Title
• Positive Sentiment: The company raised second-quarter FY2027 guidance to EPS of $0.08-$0.09 and revenue of $213 million-$215 million, both above Wall Street expectations, signaling improving near-term momentum. Article Title
• Positive Sentiment: Asana also lifted full-year FY2027 guidance to EPS of $0.37 and revenue of $855 million-$863.5 million, topping consensus and reinforcing confidence in the company’s growth and profitability trajectory. Article Title
• Neutral Sentiment: Asana announced the acquisition of Stack AI, a no-code AI workflow platform. The deal could strengthen its AI product strategy over time, but the immediate stock impact is less clear. Article Title
• Negative Sentiment: Despite the upbeat results, Q1 revenue was still only modestly ahead of estimates and the company remains unprofitable, with a widened operating loss and negative net margin. Article Title

Hedge Funds Weigh In On Asana

A number of large investors have recently made changes to their positions in ASAN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Asana by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock valued at $707,000 after purchasing an additional 2,328 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Asana by 40.9% in the 1st quarter. Empowered Funds LLC now owns 25,441 shares of the company’s stock valued at $371,000 after purchasing an additional 7,381 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Asana by 14.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company’s stock valued at $3,770,000 after purchasing an additional 32,708 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Asana in the 2nd quarter valued at about $158,000. Finally, Prudential Financial Inc. acquired a new stake in Asana in the 2nd quarter valued at about $160,000. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Asana Company Profile

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.