Asana (NYSE:ASAN) Issues Q2 2027 Earnings Guidance

Asana (NYSE:ASAN) issued an update on its second quarter 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 0.080-0.090 for the period, compared to the consensus EPS estimate of 0.040. The company issued revenue guidance of $213.0 million-$215.0 million, compared to the consensus revenue estimate of $212.0 million. Asana also updated its FY 2027 guidance to 0.370-0.370 EPS.

Asana Trading Up 4.3%

ASAN stock traded up $0.27 during mid-day trading on Thursday, reaching $6.68. The company’s stock had a trading volume of 10,748,554 shares, compared to its average volume of 6,015,485. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -8.35 and a beta of 0.95. The business’s 50 day moving average price is $6.31 and its 200 day moving average price is $9.43. Asana has a 12 month low of $5.38 and a 12 month high of $19.00.

Asana (NYSE:ASAN) last issued its earnings results on Thursday, May 28th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $205.10 million during the quarter, compared to the consensus estimate of $203.58 million. Asana had a negative return on equity of 77.05% and a negative net margin of 23.90%.Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. As a group, equities analysts expect that Asana will post -0.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on ASAN. Royal Bank Of Canada raised Asana from an “underperform” rating to a “sector perform” rating and set a $7.00 price objective for the company in a research note on Wednesday, April 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Asana in a research note on Friday, May 8th. Citigroup reduced their price objective on Asana from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Wall Street Zen cut Asana from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 19th. Finally, Piper Sandler reissued a “neutral” rating and issued a $7.00 price objective (down from $9.00) on shares of Asana in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Asana presently has an average rating of “Hold” and an average target price of $12.32.

Insider Activity at Asana

In related news, CFO Sonalee Elizabeth Parekh sold 34,151 shares of Asana stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $6.65, for a total transaction of $227,104.15. Following the transaction, the chief financial officer owned 933,998 shares of the company’s stock, valued at $6,211,086.70. The trade was a 3.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Katie Marie Colendich sold 7,304 shares of Asana stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $7.42, for a total value of $54,195.68. Following the transaction, the insider directly owned 108,214 shares in the company, valued at approximately $802,947.88. The trade was a 6.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 70,226 shares of company stock valued at $472,065 over the last 90 days. Insiders own 61.28% of the company’s stock.

Key Asana News

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana beat Q1 EPS expectations, reporting $0.10 versus the $0.08 consensus, while revenue came in at $205.1 million, slightly above estimates. Stronger-than-expected operating cash flow also helped support the bullish reaction. Article Title
• Positive Sentiment: The company raised second-quarter FY2027 guidance to EPS of $0.08-$0.09 and revenue of $213 million-$215 million, both above Wall Street expectations, signaling improving near-term momentum. Article Title
• Positive Sentiment: Asana also lifted full-year FY2027 guidance to EPS of $0.37 and revenue of $855 million-$863.5 million, topping consensus and reinforcing confidence in the company’s growth and profitability trajectory. Article Title
• Neutral Sentiment: Asana announced the acquisition of Stack AI, a no-code AI workflow platform. The deal could strengthen its AI product strategy over time, but the immediate stock impact is less clear. Article Title
• Negative Sentiment: Despite the upbeat results, Q1 revenue was still only modestly ahead of estimates and the company remains unprofitable, with a widened operating loss and negative net margin. Article Title

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Invesco Ltd. boosted its position in shares of Asana by 18.3% during the fourth quarter. Invesco Ltd. now owns 106,753 shares of the company’s stock valued at $1,464,000 after buying an additional 16,500 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Asana during the fourth quarter valued at approximately $211,000. XTX Topco Ltd boosted its position in shares of Asana by 213.4% during the fourth quarter. XTX Topco Ltd now owns 235,451 shares of the company’s stock valued at $3,228,000 after buying an additional 160,329 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its position in Asana by 663.4% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 109,178 shares of the company’s stock worth $1,497,000 after purchasing an additional 94,876 shares during the last quarter. Finally, Occudo Quantitative Strategies LP boosted its position in Asana by 76.1% in the fourth quarter. Occudo Quantitative Strategies LP now owns 156,282 shares of the company’s stock worth $2,143,000 after purchasing an additional 67,560 shares during 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.