DA Davidson Analysts Increase Earnings Estimates for Asana

Asana, Inc. (NYSE:ASAN) – DA Davidson boosted their FY2026 earnings estimates for shares of Asana in a report released on Tuesday, April 15th. DA Davidson analyst L. Schreiner now expects that the company will post earnings per share of ($0.67) for the year, up from their prior estimate of ($0.70). DA Davidson has a “Neutral” rating and a $12.00 price target on the stock. The consensus estimate for Asana’s current full-year earnings is ($1.09) per share. DA Davidson also issued estimates for Asana’s FY2027 earnings at ($0.55) EPS.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley reduced their price objective on Asana from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Wednesday. Jefferies Financial Group lowered their price objective on shares of Asana from $19.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. Citigroup increased their target price on shares of Asana from $16.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. JMP Securities set a $22.00 price target on shares of Asana in a report on Tuesday, March 11th. Finally, Robert W. Baird dropped their price target on shares of Asana from $23.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.60.

Asana Price Performance

ASAN opened at $15.03 on Thursday. Asana has a 12-month low of $11.05 and a 12-month high of $27.77. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.50 billion, a P/E ratio of -13.42 and a beta of 1.23. The stock has a fifty day moving average of $17.17 and a 200-day moving average of $17.20.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC grew its stake in shares of Asana by 8.1% in the fourth quarter. Voya Investment Management LLC now owns 12,539,038 shares of the company’s stock worth $254,166,000 after acquiring an additional 937,726 shares during the last quarter. Voloridge Investment Management LLC boosted its holdings in Asana by 25.6% in the 4th quarter. Voloridge Investment Management LLC now owns 2,149,680 shares of the company’s stock valued at $43,574,000 after purchasing an additional 438,057 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Asana in the 4th quarter worth $38,966,000. Geode Capital Management LLC increased its holdings in shares of Asana by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,863,703 shares of the company’s stock worth $21,605,000 after purchasing an additional 12,055 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Asana by 17.6% during the 4th quarter. First Trust Advisors LP now owns 1,743,981 shares of the company’s stock worth $35,350,000 after purchasing an additional 261,298 shares during the period. 26.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Asana news, CEO Dustin A. Moskovitz acquired 225,000 shares of the company’s stock in a transaction dated Thursday, April 10th. The shares were acquired at an average cost of $15.64 per share, for a total transaction of $3,519,000.00. Following the completion of the purchase, the chief executive officer now owns 51,272,943 shares of the company’s stock, valued at approximately $801,908,828.52. This trade represents a 0.44 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Justin Rosenstein sold 150,000 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $20.01, for a total value of $3,001,500.00. Following the sale, the director now owns 2,047,309 shares of the company’s stock, valued at approximately $40,966,653.09. The trade was a 6.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 2,024,507 shares of company stock valued at $29,233,743 and sold 739,842 shares valued at $15,155,503. Company insiders own 63.97% of the company’s stock.

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.