Asana (NYSE:ASAN) Updates Q1 Earnings Guidance

Asana (NYSE:ASAN) issued an update on its first quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.02 for the period, compared to the consensus EPS estimate of ($0.02). The company issued revenue guidance of $184.5-$186.5 million, compared to the consensus revenue estimate of $190.80 million. Asana also updated its FY 2026 guidance to 0.190-0.200 EPS.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group dropped their price objective on Asana from $19.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday. UBS Group decreased their price objective on shares of Asana from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday. DA Davidson lowered their price target on shares of Asana from $20.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday. KeyCorp raised shares of Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price target for the company in a research note on Friday, December 6th. Finally, Citigroup raised their price target on Asana from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Two investment 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.07.

Asana Stock Down 24.3 %

Shares of NYSE ASAN opened at $12.64 on Wednesday. Asana has a 1 year low of $11.05 and a 1 year high of $27.77. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of -11.28 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. The stock’s 50-day simple moving average is $20.40 and its 200-day simple moving average is $16.86.

Insider Transactions at Asana

In other news, COO Anne Raimondi sold 27,233 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.71, for a total transaction of $591,228.43. Following the sale, the chief operating officer now directly owns 733,855 shares in the company, valued at approximately $15,931,992.05. This represents a 3.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Justin Rosenstein sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $21.67, for a total value of $4,334,000.00. Following the transaction, the director now owns 1,847,309 shares of the company’s stock, valued at $40,031,186.03. This represents a 9.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 723,300 shares of company stock valued at $15,161,068. 63.97% of the stock is currently owned by insiders.

Asana Company Profile

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.