Asana (ASAN) to Release Earnings on Thursday

Asana (NYSE:ASAN) will issue its quarterly earnings data after the market closes on Thursday, December 5th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $179.21 million during the quarter, compared to analysts’ expectations of $177.68 million. Asana had a negative return on equity of 81.88% and a negative net margin of 37.73%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.31) earnings per share. On average, analysts expect Asana to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Asana Stock Up 0.4 %

Shares of NYSE:ASAN opened at $15.18 on Wednesday. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of -13.20 and a beta of 1.22. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.14. Asana has a 12-month low of $11.05 and a 12-month high of $23.44. The business’s 50 day moving average is $13.01 and its 200 day moving average is $13.22.

Insider Activity

In other news, insider Eleanor B. Lacey sold 9,308 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $11.99, for a total transaction of $111,602.92. Following the completion of the sale, the insider now owns 375,310 shares in the company, valued at approximately $4,499,966.90. This represents a 2.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Anne Raimondi sold 29,807 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $11.99, for a total value of $357,385.93. Following the completion of the transaction, the chief operating officer now directly owns 761,088 shares in the company, valued at approximately $9,125,445.12. The trade was a 3.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,092 shares of company stock valued at $527,668. 63.97% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ASAN has been the topic of a number of recent analyst reports. JMP Securities dropped their price target on Asana from $27.00 to $21.00 and set a “market outperform” rating on the stock in a report on Wednesday, September 4th. Robert W. Baird dropped their price target on Asana from $20.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. KeyCorp dropped their price target on Asana from $12.00 to $10.00 and set an “underweight” rating on the stock in a report on Wednesday, September 4th. UBS Group dropped their price target on Asana from $17.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Finally, Piper Sandler lowered their target price on Asana from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Asana has a consensus rating of “Hold” and a consensus price target of $14.27.

Asana Company Profile

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.