Piper Sandler Cuts Asana (NYSE:ASAN) Price Target to $9.00

Asana (NYSE:ASAN) had its price objective reduced by Piper Sandler from $14.00 to $9.00 in a research note issued to investors on Tuesday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

ASAN has been the subject of several other reports. Robert W. Baird reduced their price objective on Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday. UBS Group reduced their price target on shares of Asana from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asana in a research report on Monday, December 29th. BTIG Research initiated coverage on shares of Asana in a research note on Tuesday, December 16th. They issued a “neutral” rating on the stock. Finally, Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Asana has an average rating of “Hold” and an average target price of $12.46.

Asana Stock Up 2.1%

Shares of NYSE:ASAN opened at $7.91 on Tuesday. The firm has a 50 day simple moving average of $10.06 and a 200 day simple moving average of $12.51. Asana has a 52 week low of $6.51 and a 52 week high of $19.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $1.88 billion, a PE ratio of -9.89 and a beta of 1.01.

Asana (NYSE:ASAN) last announced its earnings results on Monday, March 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $205.57 million for the quarter, compared to the consensus estimate of $205.13 million. Asana had a negative net margin of 23.90% and a negative return on equity of 71.50%. Asana’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, research analysts expect that Asana will post -1.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Anne Raimondi sold 62,165 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $14.31, for a total transaction of $889,581.15. Following the transaction, the chief operating officer owned 702,013 shares in the company, valued at approximately $10,045,806.03. This trade represents a 8.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $13.54, for a total transaction of $336,983.52. Following the completion of the sale, the chief financial officer owned 968,149 shares of the company’s stock, valued at $13,108,737.46. This represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,127,448 shares of company stock valued at $16,825,400 over the last ninety days. 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 the stock. Arrowstreet Capital Limited Partnership lifted its holdings in Asana by 104.5% in 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 during the last quarter. Jupiter Asset Management Ltd. raised its position in shares of Asana by 705.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock valued at $18,850,000 after purchasing an additional 1,204,232 shares during the period. Marshall Wace LLP lifted its stake in shares of Asana by 594.9% in the second quarter. Marshall Wace LLP now owns 1,285,583 shares of the company’s stock worth $17,355,000 after buying an additional 1,100,575 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Asana by 53.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock worth $38,277,000 after buying an additional 977,107 shares during the period. Finally, Acadian Asset Management LLC grew its stake in 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 buying an additional 856,282 shares during the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

Asana News Summary

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Q4 2026 earnings call transcript published — the call follows Asana’s recent quarterly report that showed a slight EPS beat and year-over-year revenue growth, giving some investors comfort that execution is intact despite margin pressures. Asana (ASAN) Q4 2026 Earnings Call Transcript
• Positive Sentiment: KeyCorp issued a new $15.00 price target — a notable outlier among the recent rounds of cuts, providing a counterpoint that some analysts still see upside if Asana can accelerate growth or improve margins. Asana (NYSE:ASAN) Given New $15.00 Price Target at KeyCorp
• Neutral Sentiment: Management presentation at the Morgan Stanley TMT conference released as a transcript — investors will parse commentary for product adoption, enterprise traction and margin plans; this is informational and may support sentiment if management highlights durable demand. Asana, Inc. (ASAN) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
• Negative Sentiment: Multiple brokerages cut price targets or expressed pessimism — Morgan Stanley lowered its target to $8.00, Piper Sandler and UBS trimmed to $9.00, Citigroup cut to $13.00, and Royal Bank of Canada and Robert W. Baird issued downbeat views. The cluster of downgrades signals analyst skepticism on near-term growth and margin recovery, which can pressure the stock. Morgan Stanley Lowers Asana (NYSE:ASAN) Price Target to $8.00 Asana (NYSE:ASAN) Price Target Lowered to $9.00 at Piper Sandler Asana (NYSE:ASAN) Given New $9.00 Price Target at UBS Group Royal Bank Of Canada Has Lowered Expectations for Asana (NYSE:ASAN) Stock Price Robert W. Baird Issues Pessimistic Forecast for Asana (NYSE:ASAN) Stock Price Citigroup Lowers Asana (NYSE:ASAN) Price Target to $13.00

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.