Asana (NYSE:ASAN) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Asana (NYSE:ASAN) announced its earnings results on Thursday. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02, FiscalAI reports. Asana had a negative return on equity of 69.20% and a negative net margin of 20.21%.The company had revenue of $205.10 million for the quarter, compared to analyst estimates of $203.58 million. During the same quarter in the prior year, the company earned $0.05 EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. Asana updated its FY 2027 guidance to 0.370-0.370 EPS and its Q2 2027 guidance to 0.080-0.090 EPS.

Here are the key takeaways from Asana’s conference call:

• Q1 results beat expectations, with revenue of $205.1 million, up 9.5% year over year, and non-GAAP operating margin expanding to 11.5% as the company showed improved profitability and efficiency.
• Retention and expansion trends improved across cohorts, with in-quarter net revenue retention rising to 97% for the fourth straight quarter and management citing stronger seat expansion, customer engagement, and early AI adoption.
• AI products are gaining traction: AI Studio and AI Teammates are contributing meaningfully to bookings, with AI product bookings reaching 17% of net new ARR in Q1 and customers adopting AI Studio showing stronger retention and NRR.
• Asana announced the acquisition of Stack AI, which management said accelerates its AI roadmap by more than a year and expands its ability to orchestrate cross-system enterprise workflows; the deal is expected to be modestly dilutive to margins near term but strategically important.
• Full-year guidance was reaffirmed at $855.5 million to $863.5 million in revenue and at least 9.75% non-GAAP operating margin, while management kept assumptions cautious on PLG drag and only modest NRR improvement despite improving tech-vertical trends.

Asana Stock Performance

Shares of NYSE:ASAN opened at $7.68 on Friday. The business’s 50 day simple moving average is $6.33 and its two-hundred day simple moving average is $9.38. The firm has a market cap of $1.83 billion, a P/E ratio of -11.13 and a beta of 0.95. Asana has a 52-week low of $5.38 and a 52-week high of $19.00.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wall Street Zen lowered Asana from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 19th. Robert W. Baird cut their target price on Asana from $16.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a research report on Friday, May 8th. Piper Sandler restated a “neutral” rating and set a $7.00 target price (down from $9.00) on shares of Asana in a research report on Tuesday, April 14th. Finally, Citigroup restated a “market outperform” rating on shares of Asana in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Asana has a consensus rating of “Hold” and an average price target of $10.96.

Insiders Place Their Bets

In other Asana news, insider Katie Marie Colendich sold 7,304 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $7.42, for a total value of $54,195.68. Following the transaction, the insider owned 108,214 shares in the company, valued at approximately $802,947.88. This represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Veronica Sosa sold 6,479 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $6.65, for a total value of $43,085.35. Following the completion of the transaction, the chief accounting officer owned 73,722 shares in the company, valued at approximately $490,251.30. The trade was a 8.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 70,226 shares of company stock worth $472,065. Corporate insiders own 61.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vident Advisory LLC boosted its holdings in Asana by 4.3% in the third quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock worth $301,000 after acquiring an additional 930 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Asana by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock valued at $707,000 after purchasing an additional 2,328 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Asana by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 52,327 shares of the company’s stock valued at $706,000 after purchasing an additional 2,373 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Asana by 1.0% in the fourth quarter. Deutsche Bank AG now owns 271,515 shares of the company’s stock valued at $3,722,000 after purchasing an additional 2,755 shares in the last quarter. Institutional investors own 26.21% of the company’s stock.

Key Stories Impacting Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana reported first-quarter fiscal 2027 earnings and revenue that beat expectations, with EPS of $0.10 versus $0.08 expected and revenue of about $205.1 million, up 9.5% year over year. Asana Announces First Quarter Fiscal 2027 Results
• Positive Sentiment: The company raised its outlook for Q2 and full-year fiscal 2027, with guidance coming in above Wall Street estimates, which suggests management is seeing improving momentum. Asana Announces First Quarter Fiscal 2027 Results
• Positive Sentiment: Asana completed its acquisition of StackAI, a no-code AI workflow platform, reinforcing its push to become an AI-native workplace platform and potentially broadening future automation use cases. Asana Acquires StackAI, Adding Cross-System Execution for Human-Agent Teams
• Positive Sentiment: Several brokerages remained constructive, including Citizens JMP reiterating an outperform rating and Citigroup still rating the stock a buy, even after trimming its price target. Analyst rating updates
• Neutral Sentiment: Asana announced upcoming presentations at investor events, which could help keep the stock in focus but does not change fundamentals on its own. Asana to Present at Upcoming Investor Events
• Neutral Sentiment: Bearish analyst commentary also appeared, including Morgan Stanley cutting its target to $7 and maintaining an underweight rating, reflecting lingering concerns about valuation and growth durability. Morgan Stanley price target update

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.