Asana (ASAN) Expected to Announce Earnings on Monday

Asana (NYSE:ASAN) is expected to be releasing its earnings data after the market closes on Monday, March 10th. Analysts expect Asana to post earnings of ($0.01) per share and revenue of $188.13 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Asana Price Performance

Shares of ASAN opened at $18.32 on Friday. Asana has a 12-month low of $11.05 and a 12-month high of $27.77. The business has a 50-day simple moving average of $20.63 and a two-hundred day simple moving average of $16.82. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17. The stock has a market cap of $4.19 billion, a PE ratio of -16.36 and a beta of 1.13.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ASAN. KeyCorp upgraded Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price target on the stock in a research report on Friday, December 6th. Piper Sandler reissued an “overweight” rating and issued a $27.00 price objective on shares of Asana in a research note on Thursday, February 6th. Citigroup increased their price target on Asana from $16.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Jefferies Financial Group increased their price target on Asana from $16.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Finally, Oppenheimer increased their price objective on Asana from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Asana presently has an average rating of “Hold” and a consensus target price of $17.73.

Insider Activity at Asana

In other Asana news, Director Justin Rosenstein sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $21.67, for a total transaction of $4,334,000.00. Following the sale, the director now owns 1,847,309 shares in the company, valued at $40,031,186.03. This trade represents a 9.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Anne Raimondi sold 27,233 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.71, for a total value of $591,228.43. Following the sale, the chief operating officer now owns 733,855 shares in the company, valued at $15,931,992.05. The trade was a 3.58 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 723,300 shares of company stock valued at $15,161,068. Company insiders own 63.97% of the company’s stock.

About Asana

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.