Asana (NYSE:ASAN) Sets New 1-Year Low – Here’s Why

Asana, Inc. (NYSE:ASAN)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $10.60 and last traded at $10.6750, with a volume of 370917 shares changing hands. The stock had previously closed at $10.93.

Wall Street Analyst Weigh In

Several research firms have commented on ASAN. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asana in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Royal Bank Of Canada cut their target price on shares of Asana from $14.00 to $11.00 and set an “underperform” rating on the stock in a report on Monday, January 5th. DA Davidson decreased their price target on shares of Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Finally, Citigroup raised shares of Asana from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.11.

Asana Trading Down 2.8%

The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. The company’s fifty day moving average price is $13.22 and its two-hundred day moving average price is $13.80. The firm has a market cap of $2.52 billion, a PE ratio of -11.42 and a beta of 0.91.

Asana (NYSE:ASAN) last released its earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $201.03 million for the quarter, compared to analysts’ expectations of $198.78 million. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm 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 forecast that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $13.54, for a total value of $336,983.52. Following the completion of the transaction, the chief financial officer owned 968,149 shares in the company, valued at $13,108,737.46. This trade represents a 2.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Justin Rosenstein sold 850,233 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $15.12, for a total value of $12,855,522.96. Following the sale, the director directly owned 210,398 shares in the company, valued at $3,181,217.76. This trade represents a 80.16% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,141,149 shares of company stock worth $17,030,230. Corporate insiders own 61.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ASAN. Bogart Wealth LLC purchased a new position in Asana during the 2nd quarter valued at about $27,000. FNY Investment Advisers LLC purchased a new position in shares of Asana during the 3rd quarter worth approximately $27,000. 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 purchasing an additional 1,427 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Asana by 119.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock worth $34,000 after purchasing an additional 1,391 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Asana by 64.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock valued at $59,000 after buying an additional 1,706 shares in the last quarter. Hedge funds and other institutional investors own 26.21% of the company’s stock.

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.