Asana (NYSE:ASAN) Updates Q3 2027 Earnings Guidance

Asana (NYSE:ASAN) issued an update on its third quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.080-0.080 for the period, compared to the consensus estimate of 0.050. The company issued revenue guidance of $217.0 million-$219.0 million, compared to the consensus revenue estimate of $218.2 million. Asana also updated its FY 2027 guidance to 0.370-0.370 EPS.

Asana Stock Performance

Asana stock opened at $10.05 on Friday. The business’s 50-day simple moving average is $8.40 and its two-hundred day simple moving average is $7.36. The company has a market cap of $2.32 billion, a PE ratio of -14.57 and a beta of 0.95. Asana has a fifty-two week low of $5.38 and a fifty-two week high of $15.71.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The firm had revenue of $216.43 million during the quarter, compared to analysts’ expectations of $214.15 million. During the same period last year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. As a group, analysts predict that Asana will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ASAN. Wall Street Zen lowered shares of Asana from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Zacks Research downgraded shares of Asana from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Citizens Jmp reiterated a “market outperform” rating and issued a $15.00 price objective on shares of Asana in a research note on Tuesday, July 7th. KeyCorp reduced their target price on shares of Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Barclays downgraded shares of Asana to an “outperform” rating in a research report on Monday, August 24th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $9.27.

Insider Buying and Selling

In other Asana news, CAO Veronica Sosa sold 11,378 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total value of $75,777.48. Following the completion of the transaction, the chief accounting officer directly owned 62,344 shares of the company’s stock, valued at approximately $415,211.04. The trade was a 15.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Daniel Rogers sold 26,975 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total value of $179,653.50. Following the completion of the sale, the chief executive officer owned 1,905,780 shares in the company, valued at approximately $12,692,494.80. This represents a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 119,959 shares of company stock valued at $809,325 in the last ninety days. Insiders own 87.54% of the company’s stock.

Key Headlines Impacting Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana reported fiscal Q2 2027 adjusted earnings of $0.10 per share, above the $0.09 consensus estimate, while revenue rose 9.9% year over year to $216.43 million, exceeding expectations of $214.15 million. Asana Announces Second Quarter Fiscal 2027 Results
• Positive Sentiment: Management raised fiscal 2027 adjusted EPS guidance to $0.37, well above the $0.22 analyst consensus, and forecast revenue of $858.5 million to $863.5 million, broadly in line with the $860.7 million consensus. Asana forecasts FY2027 revenue and Agentic Work Management rollout
• Positive Sentiment: Asana plans to roll out its “Agentic Work Management” offering in mid-September and cited improving retention, stronger upmarket sales momentum and growing adoption of its AI products as potential growth drivers.
• Neutral Sentiment: Third-quarter EPS guidance of $0.08 is above the $0.05 consensus, but revenue guidance of $217 million to $219 million is centered near expectations, offering limited evidence of accelerating top-line growth.
• Negative Sentiment: The stock initially declined after the report despite the earnings beat. Investors appeared focused on Asana’s modest near-term revenue outlook and ongoing profitability concerns, including a negative net margin and negative return on equity. Asana stock reaction to Q3 outlook

Institutional Trading of Asana

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASAN. Aster Capital Management DIFC Ltd purchased a new position in Asana in the fourth quarter valued at $50,000. Daiwa Securities Group Inc. raised its position in shares of Asana by 64.0% in the second 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 during the period. Headlands Technologies LLC purchased a new stake in shares of Asana during the 2nd quarter worth about $90,000. Creative Planning purchased a new stake in shares of Asana during the 3rd quarter worth about $141,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Asana during the 4th quarter valued at about $146,000. 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.