Asana, Inc. (NYSE:ASAN) Receives $16.11 Average Price Target from Analysts

Asana, Inc. (NYSE:ASAN) has been assigned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $16.1071.

Several equities research analysts recently weighed in on ASAN shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asana in a research note on Monday, December 29th. UBS Group dropped their price target on shares of Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Wall Street Zen upgraded Asana from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. DA Davidson lowered their target price on Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Finally, BTIG Research started coverage on Asana in a report on Tuesday, December 16th. They set a “neutral” rating on the stock.

Asana Price Performance

ASAN opened at $10.92 on Thursday. The stock’s 50-day moving average price is $13.27 and its 200 day moving average price is $13.82. Asana has a 12-month low of $10.91 and a 12-month high of $24.50. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of -11.74 and a beta of 0.91. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19.

Asana (NYSE:ASAN) last released its earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $201.03 million during the quarter, compared to the consensus estimate of $198.78 million. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.Asana’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.02) EPS. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. As a group, sell-side analysts expect that Asana will post -1.09 earnings per share for the current year.

Insider Transactions at Asana

In other Asana news, CFO Sonalee Elizabeth Parekh sold 83,656 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $14.31, for a total transaction of $1,197,117.36. Following the completion of the transaction, the chief financial officer owned 993,037 shares in the company, valued at $14,210,359.47. The trade was a 7.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Justin Rosenstein sold 850,233 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $15.12, for a total transaction of $12,855,522.96. Following the completion of the sale, the director directly owned 210,398 shares in the company, valued at approximately $3,181,217.76. This represents a 80.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,600,027 shares of company stock valued at $23,904,222. 61.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Asana

A number of institutional investors and hedge funds have recently modified their holdings of ASAN. Bogart Wealth LLC purchased a new position in Asana in the second quarter valued at $27,000. FNY Investment Advisers LLC acquired a new position in shares of Asana during the 3rd quarter worth about $27,000. Farther Finance Advisors LLC increased its holdings in shares of Asana by 119.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock valued at $34,000 after acquiring an additional 1,391 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Asana by 137.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock worth $34,000 after acquiring an additional 1,427 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Asana by 64.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after acquiring an additional 1,706 shares in the last quarter. 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.