Asana (NYSE:ASAN) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Asana (NYSE:ASAN) from a buy rating to a hold rating in a research note released on Saturday.

ASAN has been the topic of a number of other reports. KeyCorp raised Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 target price on the stock in a research report on Monday, December 15th. Citigroup dropped their price target on shares of Asana from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Royal Bank Of Canada upped their price target on shares of Asana from $12.00 to $14.00 and gave the company an “underperform” rating in a report on Wednesday, December 3rd. UBS Group decreased their price objective on shares of Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Finally, BTIG Research began coverage on shares of Asana in a research report on Tuesday, December 16th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.11.

Asana Trading Down 0.4%

NYSE:ASAN opened at $12.90 on Friday. The business’s 50-day moving average is $13.49 and its two-hundred day moving average is $13.88. The firm has a market capitalization of $3.06 billion, a PE ratio of -13.87 and a beta of 0.91. Asana has a 12 month low of $11.58 and a 12 month high of $24.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.40.

Asana (NYSE:ASAN) last announced 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 business had revenue of $201.03 million during the quarter, compared to the consensus estimate of $198.78 million. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) earnings per share. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. Research analysts predict that Asana will post -1.09 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Justin Rosenstein sold 1,199,560 shares of the business’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $15.23, for a total transaction of $18,269,298.80. Following the sale, the director directly owned 1,555,925 shares of the company’s stock, valued at $23,696,737.75. The trade was a 43.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sonalee Elizabeth Parekh sold 83,656 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was 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 directly owned 993,037 shares of the company’s stock, valued at $14,210,359.47. This represents a 7.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,269,000 shares of company stock worth $49,252,124. Corporate insiders own 61.28% of the company’s stock.

Institutional Trading of Asana

Several large investors have recently added to or reduced their stakes in ASAN. FNY Investment Advisers LLC bought a new stake in shares of Asana during the third quarter worth $27,000. Jacobs Levy Equity Management Inc. increased its holdings in Asana by 17.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,794,103 shares of the company’s stock valued at $23,969,000 after purchasing an additional 263,251 shares during the last quarter. Sender Co & Partners Inc. acquired a new stake in shares of Asana in the 3rd quarter valued at approximately $173,000. 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 worth $218,000 after purchasing an additional 6,191 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Asana in the 3rd quarter valued at $1,004,000. 26.21% of the stock is owned by institutional investors.

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.