Royal Bank Of Canada Cuts Asana (NYSE:ASAN) Price Target to $7.00

Asana (NYSE:ASAN) had its price target trimmed by Royal Bank Of Canada from $11.00 to $7.00 in a research note published on Tuesday,Benzinga reports. The firm currently has an underperform rating on the stock.

A number of other analysts have also issued reports on the company. Citigroup raised Asana from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, January 15th. UBS Group decreased their price objective on Asana from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd. HSBC set a $8.00 target price on shares of Asana in a report on Friday, February 13th. DA Davidson decreased their price target on shares of Asana from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Finally, Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Asana has a consensus rating of “Hold” and an average price target of $12.46.

Asana Stock Up 2.1%

Shares of NYSE ASAN opened at $7.91 on Tuesday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of -9.89 and a beta of 1.01. The company’s 50-day simple moving average is $10.06 and its 200-day simple moving average is $12.51. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. Asana has a 52-week low of $6.51 and a 52-week high of $19.00.

Asana (NYSE:ASAN) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. Asana had a negative net margin of 23.90% and a negative return on equity of 71.50%. The firm had revenue of $205.57 million during the quarter, compared to the consensus estimate of $205.13 million. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities analysts predict that Asana will post -1.09 EPS for the current fiscal year.

Insider Activity

In other Asana news, CFO Sonalee Elizabeth Parekh sold 83,656 shares of Asana stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $14.31, for a total transaction of $1,197,117.36. Following the transaction, the chief financial officer directly owned 993,037 shares of the company’s stock, valued at $14,210,359.47. The trade was a 7.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Anne Raimondi sold 76,093 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $14.47, for a total transaction of $1,101,065.71. Following the completion of the transaction, the chief operating officer owned 764,178 shares in the company, valued at $11,057,655.66. The trade was a 9.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,127,448 shares of company stock valued at $16,825,400. 61.28% of the stock is currently owned by insiders.

Institutional Trading of Asana

Several institutional investors have recently made changes to their positions in ASAN. Federated Hermes Inc. increased its stake in Asana by 1,162.2% during the third quarter. Federated Hermes Inc. now owns 413,331 shares of the company’s stock worth $5,522,000 after acquiring an additional 380,583 shares during the last quarter. Inceptionr LLC purchased a new position in shares of Asana during the 2nd quarter worth $322,000. Teacher Retirement System of Texas grew its holdings in shares of Asana by 37.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 113,430 shares of the company’s stock worth $1,531,000 after purchasing an additional 31,137 shares during the period. Acadian Asset Management LLC increased its position in shares of Asana by 73.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,020,660 shares of the company’s stock worth $27,256,000 after purchasing an additional 856,282 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new stake in Asana in the 2nd quarter valued at about $1,984,000. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Asana News Roundup

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Q4 2026 earnings call transcript published — the call follows Asana’s recent quarterly report that showed a slight EPS beat and year-over-year revenue growth, giving some investors comfort that execution is intact despite margin pressures. Asana (ASAN) Q4 2026 Earnings Call Transcript
• Positive Sentiment: KeyCorp issued a new $15.00 price target — a notable outlier among the recent rounds of cuts, providing a counterpoint that some analysts still see upside if Asana can accelerate growth or improve margins. Asana (NYSE:ASAN) Given New $15.00 Price Target at KeyCorp
• Neutral Sentiment: Management presentation at the Morgan Stanley TMT conference released as a transcript — investors will parse commentary for product adoption, enterprise traction and margin plans; this is informational and may support sentiment if management highlights durable demand. Asana, Inc. (ASAN) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
• Negative Sentiment: Multiple brokerages cut price targets or expressed pessimism — Morgan Stanley lowered its target to $8.00, Piper Sandler and UBS trimmed to $9.00, Citigroup cut to $13.00, and Royal Bank of Canada and Robert W. Baird issued downbeat views. The cluster of downgrades signals analyst skepticism on near-term growth and margin recovery, which can pressure the stock. Morgan Stanley Lowers Asana (NYSE:ASAN) Price Target to $8.00 Asana (NYSE:ASAN) Price Target Lowered to $9.00 at Piper Sandler Asana (NYSE:ASAN) Given New $9.00 Price Target at UBS Group Royal Bank Of Canada Has Lowered Expectations for Asana (NYSE:ASAN) Stock Price Robert W. Baird Issues Pessimistic Forecast for Asana (NYSE:ASAN) Stock Price Citigroup Lowers Asana (NYSE:ASAN) Price Target to $13.00

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.