Asana (NYSE:ASAN) Reaches New 12-Month Low – What’s Next?

Asana, Inc. (NYSE:ASAN) shares reached a new 52-week low on Monday . The stock traded as low as $6.60 and last traded at $6.7250, with a volume of 3204199 shares traded. The stock had previously closed at $7.26.

Wall Street Analysts Forecast Growth

ASAN has been the subject of a number of recent analyst reports. Piper Sandler lowered their price objective on shares of Asana from $19.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, February 2nd. DA Davidson cut their price objective on Asana from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd. HSBC set a $8.00 price objective on Asana in a research report on Friday, February 13th. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Finally, Royal Bank Of Canada reduced their price target on shares of Asana from $14.00 to $11.00 and set an “underperform” rating for the company in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $14.96.

Asana Price Performance

The stock has a market cap of $1.56 billion, a P/E ratio of -7.06 and a beta of 0.95. The company has a 50 day simple moving average of $11.28 and a 200 day simple moving average of $12.89. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19.

Asana (NYSE:ASAN) last issued its quarterly earnings results 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 company had revenue of $201.03 million during the quarter, compared to analysts’ expectations of $198.78 million. During the same period last year, the business earned ($0.02) EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. Sell-side analysts forecast that Asana, Inc. will post -1.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Asana

In related news, CFO Sonalee Elizabeth Parekh sold 24,888 shares of Asana stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $13.54, for a total value of $336,983.52. Following the sale, the chief financial officer owned 968,149 shares of the company’s stock, valued at approximately $13,108,737.46. The trade was a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Anne Raimondi sold 62,165 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $14.31, for a total value of $889,581.15. Following the sale, the chief operating officer owned 702,013 shares in the company, valued at $10,045,806.03. The trade was a 8.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,127,448 shares of company stock worth $16,825,400. Insiders own 61.28% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its stake 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 purchasing an additional 2,126,683 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in Asana by 705.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock worth $18,850,000 after acquiring an additional 1,204,232 shares in the last quarter. Marshall Wace LLP raised its position in Asana by 594.9% during the second quarter. Marshall Wace LLP now owns 1,285,583 shares of the company’s stock worth $17,355,000 after acquiring an additional 1,100,575 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Asana by 53.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock valued at $38,277,000 after acquiring an additional 977,107 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Asana by 73.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,020,660 shares of the company’s stock valued at $27,256,000 after acquiring an additional 856,282 shares during the period. 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.