Asana (NYSE:ASAN) Updates Q2 2027 Earnings Guidance

Asana (NYSE:ASAN) updated its second quarter 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 0.080-0.090 for the period, compared to the consensus earnings per share 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.

Analyst Ratings Changes

A number of research analysts have commented on the stock. UBS Group reaffirmed a “neutral” rating and issued a $8.00 target price on shares of Asana in a research report on Friday. Jefferies Financial Group decreased their target price on shares of Asana from $15.00 to $8.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Wall Street Zen cut shares of Asana from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 19th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $15.00 target price on shares of Asana in a research report on Friday. Finally, KeyCorp decreased their target price on shares of Asana from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.96.

Asana Stock Performance

Shares of ASAN opened at $7.68 on Friday. The stock has a market capitalization of $1.83 billion, a PE ratio of -11.13 and a beta of 0.95. Asana has a 1 year low of $5.38 and a 1 year high of $19.00. The company’s 50-day simple moving average is $6.33 and its 200-day simple moving average is $9.38.

Asana (NYSE:ASAN) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $205.10 million for the quarter, compared to analysts’ expectations of $203.58 million. Asana had a negative net margin of 20.21% and a negative return on equity of 69.20%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 earnings per share. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. On average, sell-side analysts predict that Asana will post -0.53 earnings per share for the current year.

Insider Transactions at Asana

In other news, CFO Sonalee Elizabeth Parekh sold 18,717 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $6.62, for a total transaction of $123,906.54. Following the sale, the chief financial officer owned 915,281 shares of the company’s stock, valued at approximately $6,059,160.22. This represents a 2.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Veronica Sosa sold 6,479 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $6.65, for a total transaction of $43,085.35. Following the sale, the chief accounting officer directly owned 73,722 shares in the company, valued at $490,251.30. This represents a 8.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 70,226 shares of company stock valued at $472,065. 61.28% of the stock is currently owned by corporate insiders.

More Asana News

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

Institutional Trading of Asana

Several hedge funds have recently made changes to their positions in ASAN. Caxton Associates LLP acquired a new stake in Asana in the second quarter valued at approximately $218,000. PharVision Advisers LLC raised its holdings in Asana by 61.2% in the third quarter. PharVision Advisers LLC now owns 16,314 shares of the company’s stock valued at $218,000 after acquiring an additional 6,191 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Asana in the third quarter valued at approximately $189,000. Sender Co & Partners Inc. acquired a new stake in Asana in the third quarter valued at approximately $173,000. Finally, Mariner LLC acquired a new stake in Asana in the fourth quarter valued at approximately $166,000. Institutional investors and hedge funds 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.