Asana, Inc. (NYSE:ASAN) Short Interest Up 18.9% in February

Asana, Inc. (NYSE:ASAN) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 26,358,622 shares, a growth of 18.9% from the January 29th total of 22,164,574 shares. Currently, 28.7% of the shares of the stock are short sold. Based on an average daily volume of 6,905,155 shares, the short-interest ratio is presently 3.8 days. Based on an average daily volume of 6,905,155 shares, the short-interest ratio is presently 3.8 days. Currently, 28.7% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ASAN shares. UBS Group reduced their target price on shares of Asana from $16.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday. Robert W. Baird cut their price target on shares of Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday. Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Morgan Stanley lowered their price objective on Asana from $14.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday. Finally, KeyCorp cut their target price on Asana from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Asana has an average rating of “Hold” and a consensus target price of $12.46.

Insider Activity at Asana

In other Asana news, COO Anne Raimondi sold 62,165 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $14.31, for a total value of $889,581.15. Following the completion of the sale, the chief operating officer directly owned 702,013 shares of the company’s stock, valued at $10,045,806.03. This trade represents a 8.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $336,983.52. Following the transaction, the chief financial officer owned 968,149 shares in the company, valued at approximately $13,108,737.46. This represents a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,127,448 shares of company stock valued at $16,825,400. 61.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ASAN. FNY Investment Advisers LLC purchased a new stake in Asana during the 3rd quarter worth approximately $27,000. Farther Finance Advisors LLC grew its stake in shares of Asana by 119.7% in the third quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock worth $34,000 after acquiring an additional 1,391 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Asana by 137.7% during the third quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock worth $34,000 after acquiring an additional 1,427 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Asana in the fourth quarter valued at $50,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Asana by 64.0% in the second 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 during the period. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Asana Stock Up 2.1%

Shares of NYSE ASAN opened at $7.91 on Friday. 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’s 50 day moving average is $10.06 and its two-hundred day moving average is $12.51. Asana has a 52-week low of $6.51 and a 52-week high of $19.00. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of -9.89 and a beta of 1.01.

Asana (NYSE:ASAN) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $205.57 million during the quarter, compared to analysts’ expectations of $205.13 million. Asana had a negative return on equity of 71.50% and a negative net margin of 23.90%.The firm’s revenue was up 9.2% compared to the same quarter last year. Research analysts predict that Asana will post -1.09 EPS for the current year.

Asana News Roundup

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Q4 2026 earnings call transcript published — the call follows Asana’s recent quarterly report that showed a slight EPS beat and year-over-year revenue growth, giving some investors comfort that execution is intact despite margin pressures. Asana (ASAN) Q4 2026 Earnings Call Transcript
• Positive Sentiment: KeyCorp issued a new $15.00 price target — a notable outlier among the recent rounds of cuts, providing a counterpoint that some analysts still see upside if Asana can accelerate growth or improve margins. Asana (NYSE:ASAN) Given New $15.00 Price Target at KeyCorp
• Neutral Sentiment: Management presentation at the Morgan Stanley TMT conference released as a transcript — investors will parse commentary for product adoption, enterprise traction and margin plans; this is informational and may support sentiment if management highlights durable demand. Asana, Inc. (ASAN) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
• Negative Sentiment: Multiple brokerages cut price targets or expressed pessimism — Morgan Stanley lowered its target to $8.00, Piper Sandler and UBS trimmed to $9.00, Citigroup cut to $13.00, and Royal Bank of Canada and Robert W. Baird issued downbeat views. The cluster of downgrades signals analyst skepticism on near-term growth and margin recovery, which can pressure the stock. Morgan Stanley Lowers Asana (NYSE:ASAN) Price Target to $8.00 Asana (NYSE:ASAN) Price Target Lowered to $9.00 at Piper Sandler Asana (NYSE:ASAN) Given New $9.00 Price Target at UBS Group Royal Bank Of Canada Has Lowered Expectations for Asana (NYSE:ASAN) Stock Price Robert W. Baird Issues Pessimistic Forecast for Asana (NYSE:ASAN) Stock Price Citigroup Lowers Asana (NYSE:ASAN) Price Target to $13.00

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.