Asana (NYSE:ASAN) Updates FY 2027 Earnings Guidance

Asana (NYSE:ASAN) updated its FY 2027 earnings guidance on Tuesday. The company provided EPS guidance of 0.360-0.370 for the period, compared to the consensus EPS estimate of 0.360. The company issued revenue guidance of $850.0 million-$858.0 million, compared to the consensus revenue estimate of $858.6 million. Asana also updated its Q1 2027 guidance to 0.070-0.080 EPS.

Wall Street Analysts Forecast Growth

ASAN has been the topic of a number of research analyst reports. Royal Bank Of Canada lowered their price objective on shares of Asana from $11.00 to $7.00 and set an “underperform” rating on the stock in a research report on Tuesday. Morgan Stanley lowered their price target on Asana from $14.00 to $8.00 and set an “underweight” rating on the stock in a report on Tuesday. Citigroup dropped their price target on Asana from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday. Jefferies Financial Group reduced their price objective on Asana from $15.00 to $8.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. Finally, BTIG Research assumed coverage on Asana in a report on Tuesday, December 16th. They issued a “neutral” rating on the stock. One equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.46.

Asana Stock Performance

NYSE ASAN opened at $7.50 on Wednesday. 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 has a twelve month low of $6.51 and a twelve month high of $19.18. The business has a 50-day moving average price of $10.29 and a 200-day moving average price of $12.57. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -9.37 and a beta of 1.01.

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

Insiders Place Their Bets

In other Asana news, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $13.54, for a total transaction of $336,983.52. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Anne Raimondi sold 62,165 shares of Asana 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 completion of the sale, the chief operating officer directly owned 702,013 shares in the company, valued at $10,045,806.03. This trade represents a 8.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,127,448 shares of company stock worth $16,825,400 in the last 90 days. 61.28% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Q4 results beat consensus (EPS $0.08 vs $0.07; revenue $205.6M) and management highlighted improving profitability and AI product investments — gives near-term support to the stock. Zacks: Asana Tops Q4
• Positive Sentiment: Asana promoted Aziz Megji to CFO (effective March 24) — an internal succession that reduces disruption risk after the outgoing CFO’s departure. BusinessWire: Asana Appoints Aziz Megji
• Positive Sentiment: Some analysts remain constructive: KeyCorp raised/assigned a $15 PT (overweight) and Citigroup set a $13 PT (buy), reflecting upside expectations if AI adoption and product-led growth accelerate. AmericanBankingNews: KeyCorp $15 PT Benzinga: Citigroup $13 PT
• Neutral Sentiment: FY27 and Q1 guidance were essentially in line with consensus on EPS and only marginally below revenue estimates — this reduces downside surprises but leaves growth questions intact. (Company guidance and slide deck). Asana FY27 Guidance / Slide Deck
• Negative Sentiment: Multiple brokerages cut price targets and/or turned more cautious (UBS to $9 neutral, Morgan Stanley to $8 underweight, RBC to $7 underperform, Piper Sandler/Baird trimmed to $9) — a heavy set of downgrades that can pressure the stock and signal skepticism about sustained revenue acceleration. AmericanBankingNews: UBS $9 PT Benzinga: Analyst Cuts (MS, RBC, Piper/Baird)
• Negative Sentiment: The outgoing CFO’s resignation drew headlines (reported separately) — even with an internal replacement named, turnover at the finance lead can raise short-term execution concerns for some investors. Yahoo Finance: CFO Resigns

Institutional Investors Weigh In On Asana

A number of hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its stake in shares of Asana by 12.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,214,591 shares of the company’s stock worth $71,492,000 after buying an additional 565,681 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Asana by 53.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock worth $38,277,000 after acquiring an additional 977,107 shares in the last quarter. Marshall Wace LLP increased its stake in Asana by 35.1% during the fourth quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock worth $36,375,000 after acquiring an additional 689,546 shares during the last quarter. Geode Capital Management LLC raised its position in Asana by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,077,529 shares of the company’s stock valued at $28,488,000 after purchasing an additional 10,034 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in Asana by 17.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,794,103 shares of the company’s stock valued at $23,969,000 after purchasing an additional 263,251 shares during the period. Hedge funds and other institutional investors own 26.21% of the company’s stock.

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.