Brokerages Set Asana, Inc. (NYSE:ASAN) Price Target at $16.11

Shares of Asana, Inc. (NYSE:ASAN) have earned a consensus recommendation of “Hold” from the seventeen analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.1071.

Several brokerages have issued reports on ASAN. UBS Group cut their price objective on Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Royal Bank Of Canada cut their price target on Asana from $14.00 to $11.00 and set an “underperform” rating for the company in a report on Monday, January 5th. KeyCorp raised shares of Asana from a “sector weight” rating to an “overweight” rating and set a $18.00 price objective on the stock in a report on Monday, December 15th. Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Asana in a research report on Monday, December 29th.

Insider Buying and Selling at Asana

In other Asana news, CFO Sonalee Elizabeth Parekh sold 83,656 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $14.31, for a total value of $1,197,117.36. Following the transaction, the chief financial officer directly owned 993,037 shares in the company, valued at approximately $14,210,359.47. This trade represents a 7.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Anne Raimondi sold 76,093 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $14.47, for a total value of $1,101,065.71. Following the sale, the chief operating officer owned 764,178 shares of the company’s stock, valued at approximately $11,057,655.66. The trade was a 9.06% 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. Insiders own 61.28% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its position in shares of Asana by 104.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,160,975 shares of the company’s stock worth $56,173,000 after buying an additional 2,126,683 shares during the period. Marshall Wace LLP boosted its stake in Asana by 594.9% in the second quarter. Marshall Wace LLP now owns 1,285,583 shares of the company’s stock valued at $17,355,000 after acquiring an additional 1,100,575 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Asana by 73.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,020,660 shares of the company’s stock worth $27,256,000 after acquiring an additional 856,282 shares during the period. Federated Hermes Inc. raised its position in shares of Asana by 1,162.2% during the 3rd quarter. Federated Hermes Inc. now owns 413,331 shares of the company’s stock valued at $5,522,000 after acquiring an additional 380,583 shares during the last quarter. Finally, Marex Group plc bought a new stake in shares of Asana during the 2nd quarter valued at $4,772,000. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Asana Trading Down 0.7%

Shares of Asana stock opened at $10.68 on Thursday. Asana has a 12-month low of $10.59 and a 12-month high of $24.50. The stock has a market capitalization of $2.53 billion, a P/E ratio of -11.48 and a beta of 0.91. The company has a 50-day simple moving average of $13.12 and a 200 day simple moving average of $13.76. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19.

Asana (NYSE:ASAN) last issued its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The firm had revenue of $201.03 million for the quarter, compared to analysts’ expectations of $198.78 million. During the same period in the prior year, the firm earned ($0.02) earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. Research analysts expect that Asana will post -1.09 earnings per share for the current fiscal year.

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.