Asana (NYSE:ASAN) Releases Q4 2026 Earnings Guidance

by · The Cerbat Gem

Asana (NYSE:ASAN – Get Free Report) updated its fourth quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.070-0.070 for the period. The company issued revenue guidance of $204.0 million-$206.0 million. Asana also updated its FY 2026 guidance to 0.250-0.260 EPS.

Asana Stock Up 4.9%

ASAN traded up $0.62 on Tuesday, reaching $13.39. 8,893,134 shares of the company traded hands, compared to its average volume of 3,607,362. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -15.05 and a beta of 0.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.41 and a quick ratio of 1.41. The stock’s 50 day moving average price is $13.55 and its 200-day moving average price is $14.24. Asana has a 52-week low of $11.58 and a 52-week high of $27.77.

Asana (NYSE:ASAN – Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). Asana had a negative net margin of 27.50% and a negative return on equity of 83.88%. The company had revenue of $196.94 million for the quarter, compared to analyst estimates of $193.01 million. During the same period last year, the business earned ($0.05) EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS and its FY 2026 guidance at 0.230-0.250 EPS. On average, sell-side analysts expect that Asana will post -1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ASAN. Robert W. Baird raised their price target on Asana from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Morgan Stanley raised their price objective on shares of Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Thursday, September 4th. Wall Street Zen cut shares of Asana from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Piper Sandler reissued an “overweight” rating and issued a $19.00 target price on shares of Asana in a research report on Thursday, September 4th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.10.

View Our Latest Research Report on ASAN

Insider Transactions at Asana

In other Asana news, COO Anne Raimondi sold 28,026 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $14.17, for a total value of $397,128.42. Following the sale, the chief operating officer owned 862,469 shares of the company’s stock, valued at $12,221,185.73. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Sonalee Elizabeth Parekh sold 194,976 shares of Asana stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $14.17, for a total value of $2,762,809.92. Following the completion of the transaction, the chief financial officer directly owned 1,140,067 shares in the company, valued at approximately $16,154,749.39. This represents a 14.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 2,427,928 shares of company stock worth $36,497,981. Company insiders own 61.28% of the company’s stock.

Institutional Investors Weigh In On Asana

Several hedge funds and other institutional investors have recently modified their holdings of ASAN. Vident Advisory LLC grew its position in Asana by 4.3% in the 3rd quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock worth $301,000 after purchasing an additional 930 shares during the last quarter. State of Wyoming acquired a new position in shares of Asana during the second quarter valued at about $284,000. Caxton Associates LLP bought a new stake in shares of Asana in the second quarter valued at about $218,000. PharVision Advisers LLC grew its position in Asana by 61.2% during the third quarter. PharVision Advisers LLC now owns 16,314 shares of the company’s stock worth $218,000 after buying an additional 6,191 shares in the last quarter. Finally, Amundi acquired a new stake in Asana during the third quarter worth about $217,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

About Asana

(Get Free Report)

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.

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