Asana, Inc. (NYSE:ASAN) Given Average Rating of “Hold” by Brokerages

Asana, Inc. (NYSE:ASAN) has been given a consensus rating of “Hold” by the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $16.3214.

ASAN has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Asana in a research note on Monday, December 22nd. Royal Bank Of Canada upped their target price on shares of Asana from $12.00 to $14.00 and gave the stock an “underperform” rating in a report on Wednesday, December 3rd. Morgan Stanley raised their price target on Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Thursday, September 4th. Citigroup lowered their price objective on Asana from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Finally, Robert W. Baird upped their price objective on Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th.

Insiders Place Their Bets

In other Asana news, Director Justin Rosenstein sold 1,199,560 shares of the company’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $15.23, for a total value of $18,269,298.80. Following the completion of the transaction, the director directly owned 1,555,925 shares in the company, valued at $23,696,737.75. This represents a 43.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sonalee Elizabeth Parekh sold 83,656 shares of Asana stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $14.31, for a total transaction of $1,197,117.36. Following the sale, the chief financial officer owned 993,037 shares in the company, valued at approximately $14,210,359.47. The trade was a 7.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,269,000 shares of company stock worth $49,252,124 in the last three months. 61.28% of the stock is owned by company insiders.

Institutional Trading of Asana

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FNY Investment Advisers LLC bought a new position in shares of Asana during the 3rd quarter valued at about $27,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Asana by 17.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,794,103 shares of the company’s stock worth $23,969,000 after purchasing an additional 263,251 shares during the last quarter. Sender Co & Partners Inc. purchased a new stake in shares of Asana in the third quarter worth about $173,000. PharVision Advisers LLC boosted its stake in Asana by 61.2% during the third quarter. PharVision Advisers LLC now owns 16,314 shares of the company’s stock valued at $218,000 after buying an additional 6,191 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Asana during the third quarter valued at approximately $1,004,000. 26.21% of the stock is currently owned by institutional investors.

Asana Stock Up 0.8%

ASAN stock opened at $13.82 on Friday. The business’s 50-day moving average price is $13.62 and its 200-day moving average price is $13.88. The stock has a market cap of $3.28 billion, a P/E ratio of -14.85 and a beta of 0.93. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. Asana has a twelve month low of $11.58 and a twelve month high of $24.50.

Asana (NYSE:ASAN) last released its earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The company had revenue of $201.03 million during the quarter, compared to analyst estimates of $198.78 million. During the same period in the prior year, the firm posted ($0.02) EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. On average, equities research analysts forecast that Asana will post -1.09 EPS for the current year.

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.