Asana (NYSE:ASAN) Price Target Raised to $10.00

Asana (NYSE:ASAN) had its price target raised by UBS Group from $8.00 to $10.00 in a report issued on Friday, MarketBeat.com reports. They currently have a neutral rating on the stock.

A number of other research firms have also recently weighed in on ASAN. Barclays cut shares of Asana to an “outperform” rating in a report on Monday, August 24th. Citizens Jmp reissued a “market outperform” rating and set a $15.00 target price on shares of Asana in a research note on Friday. BTIG Research restated a “neutral” rating on shares of Asana in a research report on Friday. KeyCorp cut their price target on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, May 29th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a research note on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.95.

Asana Stock Performance

Asana stock opened at $8.81 on Friday. The firm has a market cap of $2.03 billion, a PE ratio of -13.35 and a beta of 0.95. Asana has a 12 month low of $5.38 and a 12 month high of $15.48. The stock’s 50 day simple moving average is $8.43 and its two-hundred day simple moving average is $7.37.

Asana (NYSE:ASAN) last posted its earnings results on Thursday, September 3rd. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Asana had a negative net margin of 18.62% and a negative return on equity of 80.33%. The firm had revenue of $216.43 million during the quarter, compared to analyst estimates of $214.15 million. During the same period in the previous year, the firm earned $0.06 EPS. The business’s quarterly revenue 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, equities research analysts forecast that Asana will post -0.4 EPS for the current year.

Insider Transactions at Asana

In other news, CEO Daniel Rogers sold 13,790 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $6.89, for a total value of $95,013.10. Following the transaction, the chief executive officer owned 1,891,990 shares in the company, valued at $13,035,811.10. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aziz Megji sold 13,239 shares of Asana stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $6.73, for a total value of $89,098.47. Following the completion of the sale, the chief financial officer directly owned 765,389 shares in the company, valued at $5,151,067.97. This represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 119,959 shares of company stock valued at $809,325 in the last 90 days. Corporate insiders own 87.54% of the company’s stock.

Institutional Investors Weigh In On Asana

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASAN. Optiver Holding B.V. grew its holdings in shares of Asana by 2,008.8% during the first quarter. Optiver Holding B.V. now owns 5,251 shares of the company’s stock worth $34,000 after buying an additional 5,002 shares in the last quarter. Performa Ltd US LLC lifted its stake in shares of Asana by 335.1% in the first quarter. Performa Ltd US LLC now owns 6,200 shares of the company’s stock worth $40,000 after buying an additional 4,775 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Asana in the fourth quarter worth about $50,000. Summit Securities Group LLC acquired a new position in Asana during the first quarter worth about $53,000. Finally, Daiwa Securities Group Inc. boosted its position in Asana by 64.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after acquiring an additional 1,706 shares during the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

Trending Headlines about Asana

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

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.