Asana (NYSE:ASAN) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Asana (NYSE:ASAN) from a hold rating to a buy rating in a research note issued to investors on Sunday.

A number of other brokerages have also issued reports on ASAN. UBS Group lowered their price target on Asana from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Royal Bank Of Canada decreased their price objective on Asana from $14.00 to $11.00 and set an “underperform” rating on the stock in a report on Monday, January 5th. DA Davidson lowered their target price on shares of Asana from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Citigroup reduced 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. Finally, BTIG Research assumed coverage on shares of Asana in a research note on Tuesday, December 16th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Asana presently has a consensus rating of “Hold” and an average price target of $16.11.

Asana Stock Down 2.3%

NYSE:ASAN opened at $12.97 on Friday. The firm has a market capitalization of $3.07 billion, a P/E ratio of -13.94 and a beta of 0.91. Asana has a 1-year low of $11.58 and a 1-year high of $24.50. The company’s fifty day moving average price is $13.43 and its 200-day moving average price is $13.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.40.

Asana (NYSE:ASAN) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.The business had revenue of $201.03 million during the quarter, compared to analysts’ expectations of $198.78 million. During the same quarter in the previous year, the firm posted ($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. As a group, equities research analysts anticipate that Asana will post -1.09 EPS for the current year.

Insider Transactions at Asana

In other Asana news, Director Justin Rosenstein sold 850,233 shares of Asana stock in a transaction on 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 sale, the director owned 210,398 shares in the company, valued at $3,181,217.76. The trade was a 80.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Anne Raimondi sold 62,165 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $14.31, for a total value of $889,581.15. Following the sale, the chief operating officer directly owned 702,013 shares of the company’s stock, valued at $10,045,806.03. The trade was a 8.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,600,027 shares of company stock worth $23,904,222 in the last 90 days. Insiders own 61.28% of the company’s stock.

Institutional Investors Weigh In On Asana

Several institutional investors and hedge funds have recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in shares of Asana during the second quarter worth approximately $27,000. FNY Investment Advisers LLC acquired a new position in Asana during the 3rd quarter worth approximately $27,000. Jones Financial Companies Lllp increased its position in shares of Asana by 137.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock valued at $34,000 after purchasing an additional 1,427 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Asana by 119.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock valued at $34,000 after purchasing an additional 1,391 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Asana by 64.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock valued at $59,000 after purchasing an additional 1,706 shares in the last quarter. Hedge funds and other institutional investors 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.