Asana, Inc. (NYSE:ASAN) Stock Has Average Price Target of $9.95 According to Analysts

Asana, Inc. (NYSE:ASAN) has earned an average recommendation of “Hold” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $9.95.

Several brokerages have recently issued reports on ASAN. DA Davidson lifted their price target on Asana from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Royal Bank Of Canada raised their price objective on Asana from $8.00 to $9.50 and gave the company a “sector perform” rating in a research note on Friday, September 4th. UBS Group lifted their target price on Asana from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Morgan Stanley lowered their target price on Asana from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Friday, May 29th. Finally, KeyCorp lowered their target price on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, May 29th.

Asana Trading Down 3.1%

NYSE ASAN opened at $9.18 on Tuesday. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of -13.90 and a beta of 0.95. The firm’s 50 day simple moving average is $8.96 and its 200 day simple moving average is $7.55. Asana has a 1 year low of $5.38 and a 1 year high of $15.48.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Asana had a negative net margin of 18.62% and a negative return on equity of 80.33%. The business had revenue of $216.43 million during the quarter, compared to the consensus estimate of $214.15 million. During the same period in the previous year, the business earned $0.06 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. On average, equities research analysts forecast that Asana will post -0.53 earnings per share for the current year.

Insider Activity at Asana

In other Asana news, CFO Aziz Megji sold 35,444 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $9.53, for a total value of $337,781.32. Following the sale, the chief financial officer owned 729,945 shares in the company, valued at $6,956,375.85. This trade represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Katie Colendich sold 8,474 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $9.77, for a total transaction of $82,790.98. Following the transaction, the insider owned 161,689 shares of the company’s stock, valued at $1,579,701.53. This trade represents a 4.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 521,135 shares of company stock valued at $4,871,882 in the last quarter. Insiders own 87.54% of the company’s stock.

Institutional Trading of Asana

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its stake in Asana by 37.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 7,184,248 shares of the company’s stock valued at $45,979,000 after buying an additional 1,969,657 shares during the period. Jupiter Asset Management Ltd. grew its position in shares of Asana by 705.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock worth $18,850,000 after buying an additional 1,204,232 shares during the period. Bank of America Corp DE increased its stake in shares of Asana by 92.6% in the 1st quarter. Bank of America Corp DE now owns 2,237,195 shares of the company’s stock valued at $14,318,000 after acquiring an additional 1,075,572 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Asana by 108.3% in the 2nd quarter. Squarepoint Ops LLC now owns 888,160 shares of the company’s stock valued at $6,217,000 after acquiring an additional 461,858 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Asana by 250.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 532,796 shares of the company’s stock valued at $3,410,000 after acquiring an additional 380,741 shares during the period. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: The insider sales were executed under pre-arranged Rule 10b5-1 trading plans, indicating that they were scheduled in advance and may not reflect newly developed concerns about Asana’s outlook. Asana Insider Trading Report
• Positive Sentiment: CFO Aziz Megji’s sale of 3,224 shares was specifically made to cover tax withholding obligations related to vested equity awards, making it a less concerning signal about management’s confidence. He continued to own more than 726,000 shares afterward.
• Neutral Sentiment: Institutional ownership remains meaningful at approximately 26.2%. Several funds, including Arrowstreet Capital, Jupiter Asset Management, Bank of America and Squarepoint Ops, recently increased their positions, providing some support for the shares.
• Neutral Sentiment: Analyst sentiment is cautious, with an average “Hold” rating and an average price target near the current trading range. Asana’s latest quarterly results exceeded expectations, with revenue of $216.4 million and earnings per share of $0.10, although revenue growth was about 9.9% year over year.
• Negative Sentiment: CEO Daniel Rogers sold 451,112 shares for approximately $4.24 million across September 21–22, reducing his position substantially. Although the trades were made under a 10b5-1 plan, the size of the sales could pressure investor confidence.
• Negative Sentiment: CFO Aziz Megji also sold 35,444 shares worth approximately $337,781, while insider Katie Colendich sold 15,910 shares worth roughly $153,656. The volume of insider selling may reinforce concerns about near-term upside, despite the scheduled nature of the transactions.

Asana Company Profile

Asana, Inc develops cloud-based work management software that helps organizations coordinate projects, tasks and team workflows. Its platform is designed to improve collaboration, planning and visibility across departments, enabling users to assign work, set deadlines, track progress and manage priorities in one system.

Asana’s products and features include project and task management, workflow automation, project portfolios, goals and reporting tools, team collaboration capabilities, and integrations with other business applications.