Asana (NYSE:ASAN) Rating Lowered to Hold at Wall Street Zen

Asana (NYSE:ASAN) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

ASAN has been the subject of a number of other research reports. Citigroup dropped their target price on shares of Asana from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Asana in a research report on Monday, December 29th. Royal Bank Of Canada upped their price objective on Asana from $12.00 to $14.00 and gave the company an “underperform” rating in a research note on Wednesday, December 3rd. UBS Group decreased their price target on shares of Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Finally, KeyCorp raised shares of Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price objective on the stock in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.32.

Asana Trading Down 5.6%

ASAN opened at $12.94 on Friday. The firm has a market cap of $3.07 billion, a P/E ratio of -13.92 and a beta of 0.91. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $13.52 and a 200-day simple moving average of $13.89. Asana has a 52 week low of $11.58 and a 52 week high of $24.50.

Asana (NYSE:ASAN) last released its quarterly earnings data 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 business had revenue of $201.03 million during the quarter, compared to analysts’ expectations of $198.78 million. During the same period in the previous year, the company earned ($0.02) EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. 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 analysts expect that Asana will post -1.09 earnings per share for the current year.

Insider Transactions at Asana

In related news, Director Justin Rosenstein sold 850,233 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $15.12, for a total value of $12,855,522.96. Following the transaction, the director owned 210,398 shares in the company, valued at $3,181,217.76. This trade represents a 80.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sonalee Elizabeth Parekh sold 24,888 shares of Asana stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $13.54, for a total transaction of $336,983.52. Following the sale, the chief financial officer directly owned 968,149 shares of the company’s stock, valued at $13,108,737.46. This represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 3,269,000 shares of company stock valued at $49,252,124. 61.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ASAN. Acadian Asset Management LLC boosted its stake in Asana by 8,850.6% in the first quarter. Acadian Asset Management LLC now owns 1,164,378 shares of the company’s stock worth $16,950,000 after buying an additional 1,151,369 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Asana by 117.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 623,994 shares of the company’s stock worth $9,092,000 after purchasing an additional 336,641 shares during the period. AQR Capital Management LLC grew its position in shares of Asana by 186.0% in the 1st quarter. AQR Capital Management LLC now owns 512,280 shares of the company’s stock worth $7,367,000 after buying an additional 333,165 shares during the last quarter. Inceptionr LLC bought a new position in Asana in the second quarter worth about $322,000. Finally, Woodline Partners LP raised its position in shares of Asana by 700.1% in the 1st quarter. Woodline Partners LP now owns 688,713 shares of the company’s stock worth $10,035,000 after acquiring an additional 602,638 shares in the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

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.