Asana (NYSE:ASAN) Hits New 1-Year Low – What’s Next?

Asana, Inc. (NYSE:ASAN)’s share price hit a new 52-week low on Tuesday . The company traded as low as $8.06 and last traded at $8.21, with a volume of 6498269 shares. The stock had previously closed at $8.76.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. DA Davidson reduced their price objective on Asana from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Piper Sandler dropped their target price on Asana from $19.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. KeyCorp upgraded Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price target for the company in a report on Monday, December 15th. Royal Bank Of Canada lowered their price objective on shares of Asana from $14.00 to $11.00 and set an “underperform” rating for the company in a research report on Monday, January 5th. Finally, BTIG Research began coverage on shares of Asana in a research note on Tuesday, December 16th. They set a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.75.

Asana Stock Up 0.4%

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -8.09 and a beta of 0.95. The firm’s fifty day moving average is $12.14 and its 200-day moving average is $13.22.

Asana (NYSE:ASAN) last released its earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share 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 the consensus estimate of $198.78 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. The company’s revenue 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, sell-side analysts predict that Asana, Inc. will post -1.09 earnings per share for the current year.

Insider Buying and Selling at Asana

In related news, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the company’s stock in a transaction that occurred 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 approximately $13,108,737.46. This represents a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Justin Rosenstein sold 850,233 shares of the firm’s 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 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 SEC filing for this sale provides additional information. Insiders have sold 1,127,448 shares of company stock worth $16,825,400 over the last quarter. 61.28% of the stock is owned by corporate insiders.

Institutional Trading of Asana

Hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. grew its position in shares of Asana by 1,162.2% during the third quarter. Federated Hermes Inc. now owns 413,331 shares of the company’s stock worth $5,522,000 after acquiring an additional 380,583 shares during the last quarter. Inceptionr LLC acquired a new position in Asana during the 2nd quarter valued at about $322,000. Teacher Retirement System of Texas grew its position in Asana by 37.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 113,430 shares of the company’s stock worth $1,531,000 after purchasing an additional 31,137 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Asana by 73.5% during the second quarter. Acadian Asset Management LLC now owns 2,020,660 shares of the company’s stock valued at $27,256,000 after buying an additional 856,282 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new stake in shares of Asana during the second quarter valued at approximately $1,984,000. 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.