Asana (NYSE:ASAN) Releases FY 2026 Earnings Guidance

Asana (NYSE:ASAN) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided EPS guidance of 0.190-0.200 for the period, compared to the consensus EPS estimate of -0.010. The company issued revenue guidance of $782.0 million-$790.0 million, compared to the consensus revenue estimate of $803.0 million. Asana also updated its FY26 guidance to $0.19-$0.20 EPS.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ASAN shares. Oppenheimer lifted 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. Scotiabank lifted their target price on shares of Asana from $15.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Friday, December 6th. Morgan Stanley increased their price objective on Asana from $14.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Citigroup upped their price objective on shares of Asana from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, Piper Sandler reissued an “overweight” rating and set a $27.00 price target on shares of Asana in a research report on Thursday, February 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’s stock. According to data from MarketBeat, Asana currently has a consensus rating of “Hold” and an average target price of $17.73.

Asana Stock Performance

Shares of ASAN stock traded down $1.56 during mid-day trading on Monday, reaching $16.69. 7,920,284 shares of the company’s stock traded hands, compared to its average volume of 2,498,406. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $3.82 billion, a PE ratio of -14.90 and a beta of 1.13. Asana has a 12 month low of $11.05 and a 12 month high of $27.77. The firm has a 50 day moving average price of $20.63 and a two-hundred day moving average price of $16.85.

Asana (NYSE:ASAN) last issued its quarterly earnings results on Monday, March 10th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.21). The firm had revenue of $188.30 million for the quarter, compared to analysts’ expectations of $188.13 million. Asana had a negative net margin of 36.17% and a negative return on equity of 86.84%. Asana’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS. On average, research analysts forecast that Asana will post -1.09 EPS for the current year.

Insiders Place Their Bets

In other Asana news, COO Anne Raimondi sold 27,233 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.71, for a total transaction of $591,228.43. Following the sale, the chief operating officer now directly owns 733,855 shares in the company, valued at $15,931,992.05. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Justin Rosenstein sold 150,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $19.76, for a total value of $2,964,000.00. Following the sale, the director now owns 1,097,309 shares in the company, valued at $21,682,825.84. The trade was a 12.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 723,300 shares of company stock worth $15,161,068 in the last 90 days. 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.