Analysts Set Asana, Inc. (NYSE:ASAN) Target Price at $16.11

by · The Markets Daily

Shares of Asana, Inc. (NYSE:ASAN – Get Free Report) have been assigned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $16.1071.

A number of equities research analysts have recently weighed in on ASAN shares. BTIG Research started coverage on Asana in a research note on Tuesday, December 16th. They issued a “neutral” rating for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Asana in a research report on Monday, December 29th. Citigroup upgraded shares of Asana from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday. Royal Bank Of Canada decreased their target price on shares of Asana from $14.00 to $11.00 and set an “underperform” rating on the stock in a research note on Monday, January 5th. Finally, UBS Group dropped 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.

Check Out Our Latest Stock Analysis on ASAN

Asana Stock Down 5.1%

Shares of NYSE ASAN opened at $10.92 on Thursday. The stock has a market capitalization of $2.59 billion, a P/E ratio of -11.74 and a beta of 0.91. Asana has a one year low of $10.91 and a one year high of $24.50. The firm’s 50 day simple moving average is $13.22 and its two-hundred day simple moving average is $13.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.40.

Asana (NYSE:ASAN – Get Free Report) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $201.03 million during the quarter, compared to analysts’ expectations of $198.78 million. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. As a group, analysts expect that Asana will post -1.09 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Anne Raimondi sold 62,165 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was 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 $10,045,806.03. The trade was a 8.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $13.54, for a total value of $336,983.52. Following the transaction, the chief financial officer directly owned 968,149 shares of the company’s stock, valued at $13,108,737.46. The trade was a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,141,149 shares of company stock valued at $17,030,230 over the last ninety days. 61.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ASAN. 180 Wealth Advisors LLC lifted its position in shares of Asana by 7.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 10,769 shares of the company’s stock worth $145,000 after purchasing an additional 722 shares during the period. Vident Advisory LLC raised its stake in Asana by 4.3% in the third quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock worth $301,000 after buying an additional 930 shares in the last quarter. Blue Trust Inc. boosted its position in Asana by 3.6% during the 3rd quarter. Blue Trust Inc. now owns 27,606 shares of the company’s stock valued at $369,000 after acquiring an additional 968 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in Asana by 13.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,533 shares of the company’s stock valued at $129,000 after acquiring an additional 1,115 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of Asana by 6.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company’s stock worth $262,000 after acquiring an additional 1,200 shares during the period. 26.21% of the stock is owned by hedge funds and other institutional investors.

Asana Company Profile

(Get Free Report)

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.

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