Asana (NYSE:ASAN) Releases Q3 2027 Earnings Guidance

Asana (NYSE:ASAN) updated its third quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.080-0.080 for the period, compared to the consensus earnings per share estimate of 0.050. The company issued revenue guidance of $217.0 million-$219.0 million, compared to the consensus revenue estimate of $218.2 million. Asana also updated its FY 2027 guidance to 0.370-0.370 EPS.

Asana Trading Down 12.7%

Shares of Asana stock opened at $8.81 on Friday. The stock has a fifty day simple moving average of $8.43 and a 200 day simple moving average of $7.37. Asana has a 12-month low of $5.38 and a 12-month high of $15.48. The company has a market capitalization of $2.03 billion, a P/E ratio of -13.35 and a beta of 0.95.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Asana had a negative return on equity of 73.36% and a negative net margin of 18.62%.The firm had revenue of $216.43 million during the quarter, compared to the consensus estimate of $216.23 million. During the same quarter in the prior year, the company earned $0.06 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. On average, analysts predict that Asana will post -0.4 EPS for the current year.

Analyst Ratings Changes

ASAN has been the subject of a number of analyst reports. BTIG Research restated a “neutral” rating on shares of Asana in a research report on Friday. Barclays lowered shares of Asana to an “outperform” rating in a report on Monday, August 24th. Piper Sandler increased their target price on shares of Asana from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday. Citigroup reissued a “market outperform” rating on shares of Asana in a report on Monday, August 24th. Finally, DA Davidson boosted their price target on shares of Asana from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.95.

Insider Transactions at Asana

In other news, insider Katie Colendich sold 8,337 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $6.74, for a total value of $56,191.38. Following the completion of the sale, the insider directly owned 181,840 shares in the company, valued at approximately $1,225,601.60. The trade was a 4.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Daniel Rogers sold 26,975 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $6.66, for a total value of $179,653.50. Following the transaction, the chief executive officer directly owned 1,905,780 shares in the company, valued at $12,692,494.80. This trade represents a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 119,959 shares of company stock valued at $809,325 over the last 90 days. Company insiders own 87.54% of the company’s stock.

Asana News Roundup

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana reported fiscal second-quarter adjusted EPS of $0.10, ahead of the $0.09 consensus estimate, while revenue of $216.4 million exceeded expectations of $214.2 million and increased 9.9% year over year. Asana Announces Second Quarter Fiscal 2027 Results
• Positive Sentiment: Fiscal 2027 revenue guidance of $858.5 million to $863.5 million was broadly in line with consensus, while the company’s EPS outlook of $0.37 was above the $0.22 analyst estimate. Management also highlighted improving retention, stronger upmarket momentum and growing adoption of its AI products. Asana FY2027 Outlook
• Positive Sentiment: Several analysts raised their valuation targets following the results. RBC increased its target to $9.50 from $8, UBS raised its target to $10 from $8, and Piper Sandler lifted its target to $9 from $7. Citizens JMP maintained an outperform rating with a $15 target. RBC Raises Asana Price Target
• Neutral Sentiment: Asana executives will present at Citi’s Global TMT Conference on September 9 and Piper Sandler’s Growth Frontiers Conference on September 15. These events could provide updates on AI-agent coordination, enterprise demand and retention trends. Asana Investor Events
• Negative Sentiment: The immediate share-price weakness was driven primarily by soft fiscal third-quarter guidance: revenue of $217 million to $219 million is slightly below or near consensus, and investors viewed the outlook as insufficient after the earnings beat. Asana Stock Outlook
• Negative Sentiment: Analysts and investors remain concerned about churn and Asana’s still-negative profitability, creating skepticism that AI momentum will translate into faster durable growth. Asana Churn Analysis

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd bought a new position in shares of Asana during the fourth quarter valued at $50,000. Daiwa Securities Group Inc. boosted its holdings in shares of Asana by 64.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after buying an additional 1,706 shares during the last quarter. Headlands Technologies LLC bought a new stake in Asana during the second quarter valued at approximately $90,000. Creative Planning purchased a new stake in shares of Asana in the 3rd quarter worth $141,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Asana during the 4th quarter valued at about $146,000. 26.21% of the stock is owned by hedge funds and other institutional investors.

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.