Asana (NYSE:ASAN) Releases FY 2027 Earnings Guidance

Asana (NYSE:ASAN) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 0.370-0.370 for the period, compared to the consensus earnings per share estimate of 0.220. The company issued revenue guidance of $858.5 million-$863.5 million, compared to the consensus revenue estimate of $860.7 million. Asana also updated its Q3 2027 guidance to 0.080-0.080 EPS.

Asana Price Performance

NYSE:ASAN opened at $8.81 on Friday. Asana has a 1-year low of $5.38 and a 1-year high of $15.48. The firm’s 50-day moving average price is $8.43 and its 200-day moving average price is $7.37. The company has a market capitalization of $2.03 billion, a PE ratio of -13.35 and a beta of 0.95.

Asana (NYSE:ASAN) last released its earnings results on Thursday, September 3rd. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Asana had a negative net margin of 18.62% and a negative return on equity of 73.36%. The company had revenue of $216.43 million for the quarter, compared to analysts’ expectations of $216.23 million. During the same quarter in the previous year, the company earned $0.06 EPS. Asana’s revenue for the quarter was up 9.9% on a year-over-year basis. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. Equities analysts anticipate that Asana will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. KeyCorp reduced their target price on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Royal Bank Of Canada upped their target price on shares of Asana from $8.00 to $9.50 and gave the stock a “sector perform” rating in a report on Friday. Morgan Stanley decreased their price target on shares of Asana from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Friday, May 29th. Piper Sandler boosted their price target on shares of Asana from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Zacks Research cut shares of Asana from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.95.

Insiders Place Their Bets

In other Asana news, insider Katie Colendich sold 8,337 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $6.74, for a total transaction of $56,191.38. Following the sale, the insider directly owned 181,840 shares in the company, valued at approximately $1,225,601.60. The trade was a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Veronica Sosa sold 11,378 shares of Asana stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $6.66, for a total value of $75,777.48. Following the sale, the chief accounting officer owned 62,344 shares of the company’s stock, valued at approximately $415,211.04. This represents a 15.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 119,959 shares of company stock worth $809,325. 87.54% of the stock is owned by insiders.

Trending Headlines about Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana reported fiscal second-quarter adjusted EPS of $0.10, ahead of the $0.09 consensus estimate, while revenue of $216.4 million exceeded expectations of $214.2 million and increased 9.9% year over year. Asana Announces Second Quarter Fiscal 2027 Results
• Positive Sentiment: Fiscal 2027 revenue guidance of $858.5 million to $863.5 million was broadly in line with consensus, while the company’s EPS outlook of $0.37 was above the $0.22 analyst estimate. Management also highlighted improving retention, stronger upmarket momentum and growing adoption of its AI products. Asana FY2027 Outlook
• Positive Sentiment: Several analysts raised their valuation targets following the results. RBC increased its target to $9.50 from $8, UBS raised its target to $10 from $8, and Piper Sandler lifted its target to $9 from $7. Citizens JMP maintained an outperform rating with a $15 target. RBC Raises Asana Price Target
• Neutral Sentiment: Asana executives will present at Citi’s Global TMT Conference on September 9 and Piper Sandler’s Growth Frontiers Conference on September 15. These events could provide updates on AI-agent coordination, enterprise demand and retention trends. Asana Investor Events
• Negative Sentiment: The immediate share-price weakness was driven primarily by soft fiscal third-quarter guidance: revenue of $217 million to $219 million is slightly below or near consensus, and investors viewed the outlook as insufficient after the earnings beat. Asana Stock Outlook
• Negative Sentiment: Analysts and investors remain concerned about churn and Asana’s still-negative profitability, creating skepticism that AI momentum will translate into faster durable growth. Asana Churn Analysis

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ASAN. PharVision Advisers LLC boosted its position in Asana by 61.2% during the 3rd quarter. PharVision Advisers LLC now owns 16,314 shares of the company’s stock valued at $218,000 after purchasing an additional 6,191 shares during the period. FORA Capital LLC bought a new stake in shares of Asana during the 4th quarter worth about $217,000. Amundi bought a new stake in Asana during the third quarter worth approximately $217,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Asana during the 4th quarter valued at about $211,000. Finally, Dimensional Fund Advisors LP acquired a new position in Asana in the third quarter worth approximately $189,000. 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.