Asana (NYSE:ASAN) Updates FY 2027 Earnings Guidance

Asana (NYSE:ASAN) updated its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.370-0.370 for the period, compared to the consensus EPS estimate of 0.220. The company issued revenue guidance of $858.5 million-$863.5 million, compared to the consensus revenue estimate of $860.7 million. Asana also updated its Q3 2027 guidance to 0.080-0.080 EPS.

Asana Stock Up 2.6%

Shares of ASAN stock traded up $0.25 during trading on Thursday, reaching $10.05. 10,083,922 shares of the company’s stock were exchanged, compared to its average volume of 5,872,639. The stock has a market capitalization of $2.32 billion, a PE ratio of -14.57 and a beta of 0.95. Asana has a twelve month low of $5.38 and a twelve month high of $15.71. The firm’s fifty day moving average price is $8.32 and its 200-day moving average price is $7.34.

Asana (NYSE:ASAN) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $216.43 million during the quarter, compared to the consensus estimate of $214.15 million. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. As a group, analysts anticipate that Asana will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ASAN has been the subject of several research reports. UBS Group restated a “neutral” rating and set a $8.00 price objective on shares of Asana in a research report on Friday, May 29th. Barclays downgraded Asana to an “outperform” rating in a research note on Monday, August 24th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $15.00 price objective on shares of Asana in a report on Tuesday, July 7th. Morgan Stanley lowered their price objective on Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a research report on Friday, May 29th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Asana in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.27.

Insider Buying and Selling at Asana

In related news, insider Katie Colendich sold 5,242 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $6.68, for a total value of $35,016.56. Following the completion of the sale, the insider directly owned 176,598 shares in the company, valued at approximately $1,179,674.64. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Daniel Rogers sold 13,790 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $6.89, for a total value of $95,013.10. Following the sale, the chief executive officer directly owned 1,891,990 shares in the company, valued at $13,035,811.10. This represents a 0.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 119,959 shares of company stock valued at $809,325 in the last three months. Corporate insiders own 87.54% of the company’s stock.

Asana News Summary

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Quarterly results exceeded expectations: Asana reported earnings of $0.10 per share versus the $0.09 consensus estimate, while revenue of $216.43 million topped expectations of $214.15 million. Earnings also improved from $0.06 per share a year earlier. Asana Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Full-year guidance was raised above analyst expectations: Asana forecast fiscal 2027 earnings of $0.37 per share, compared with the $0.22 consensus estimate. Full-year revenue guidance of $858.5 million to $863.5 million was broadly in line with the $860.7 million consensus. Asana Q2 2027 Earnings and Guidance
• Neutral Sentiment: Management cited improving business momentum: Asana said retention is strengthening, its upmarket sales strategy is accelerating, and demand for its artificial-intelligence products is gaining traction across industries and geographies. Asana Announces Second Quarter Fiscal 2027 Results
• Negative Sentiment: Near-term outlook disappointed some investors: Third-quarter revenue guidance of $217 million to $219 million was essentially in line with the $218.2 million consensus, while adjusted EPS guidance of $0.08 exceeded the $0.05 estimate. Despite the EPS beat, reports characterized the outlook as soft, prompting selling in extended trading. Asana Stock Outlook Disappoints

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd bought a new stake in Asana during the fourth quarter worth $50,000. Daiwa Securities Group Inc. increased its holdings in Asana by 64.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after purchasing an additional 1,706 shares in the last quarter. Headlands Technologies LLC bought a new position in Asana in the second quarter valued at about $90,000. Creative Planning bought a new position in Asana in the third quarter valued at about $141,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Asana during the fourth quarter valued at about $146,000. 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.