Asana (NYSE:ASAN) Releases Q1 Earnings Guidance

Asana (NYSE:ASAN) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.02 for the period, compared to the consensus estimate of ($0.02). The company issued revenue guidance of $184.5-$186.5 million, compared to the consensus revenue estimate of $190.80 million. Asana also updated its FY 2026 guidance to 0.190-0.200 EPS.

Asana Trading Down 8.5 %

Asana stock opened at $16.69 on Tuesday. Asana has a 52-week low of $11.05 and a 52-week high of $27.77. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -14.90 and a beta of 1.13. The firm has a 50-day moving average price of $20.55 and a two-hundred day moving average price of $16.87. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17.

Analyst Ratings Changes

A number of research analysts recently commented on ASAN shares. DA Davidson boosted their price objective on shares of Asana from $13.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. KeyCorp raised shares of Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price target for the company in a report on Friday, December 6th. Piper Sandler reaffirmed an “overweight” rating and set a $27.00 price objective on shares of Asana in a report on Thursday, February 6th. Scotiabank raised their price objective on shares of Asana from $15.00 to $18.00 and gave the stock a “sector perform” rating in a report on Friday, December 6th. Finally, Oppenheimer raised their price objective on shares of Asana from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Asana presently has a consensus rating of “Hold” and an average target price of $17.73.

Insider Buying and Selling at Asana

In other Asana news, COO Anne Raimondi sold 27,233 shares of Asana stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $21.71, for a total value of $591,228.43. Following the transaction, the chief operating officer now owns 733,855 shares of the company’s stock, valued at approximately $15,931,992.05. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Justin Rosenstein sold 200,000 shares of Asana stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $21.67, for a total transaction of $4,334,000.00. Following the completion of the transaction, the director now directly owns 1,847,309 shares in the company, valued at approximately $40,031,186.03. The trade was a 9.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 723,300 shares of company stock worth $15,161,068. 63.97% of the stock is currently owned by corporate insiders.

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.