Asana’s (ASAN) “Market Outperform” Rating Reiterated at Citizens Jmp

Asana (NYSE:ASAN)‘s stock had its “market outperform” rating reaffirmed by analysts at Citizens Jmp in a research report issued on Friday,Benzinga reports. They currently have a $15.00 price objective on the stock. Citizens Jmp’s price objective points to a potential upside of 95.95% from the stock’s current price.

Several other research firms also recently issued reports on ASAN. UBS Group reaffirmed a “neutral” rating on shares of Asana in a report on Friday. Robert W. Baird decreased their price objective on shares of Asana from $16.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. DA Davidson set a $8.00 price objective on shares of Asana in a report on Friday. Citigroup reaffirmed a “market outperform” rating on shares of Asana in a report on Friday. Finally, Wall Street Zen downgraded shares of Asana from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Asana currently has an average rating of “Hold” and an average price target of $11.18.

Asana Stock Up 14.9%

Shares of NYSE ASAN traded up $1.00 during midday trading on Friday, reaching $7.66. 9,340,542 shares of the stock were exchanged, compared to its average volume of 6,046,343. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of -9.57 and a beta of 0.95. Asana has a twelve month low of $5.38 and a twelve month high of $19.00. The firm has a 50-day simple moving average of $6.31 and a two-hundred day simple moving average of $9.39.

Asana (NYSE:ASAN) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $205.10 million for the quarter, compared to analysts’ expectations of $203.58 million. Asana had a negative net margin of 23.90% and a negative return on equity of 77.05%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. Research analysts expect that Asana will post -0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other Asana news, CAO Veronica Sosa sold 6,479 shares of Asana stock in a transaction on Friday, March 20th. The shares were sold at an average price of $6.65, for a total transaction of $43,085.35. Following the sale, the chief accounting officer owned 73,722 shares of the company’s stock, valued at $490,251.30. The trade was a 8.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sonalee Elizabeth Parekh sold 18,717 shares of Asana stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $6.62, for a total transaction of $123,906.54. Following the sale, the chief financial officer directly owned 915,281 shares in the company, valued at approximately $6,059,160.22. This trade represents a 2.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 70,226 shares of company stock valued at $472,065 in the last 90 days. 61.28% of the stock is owned by insiders.

Institutional Investors Weigh In On Asana

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASAN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Asana by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock worth $707,000 after purchasing an additional 2,328 shares during the last quarter. Empowered Funds LLC boosted its stake in Asana by 40.9% during the 1st quarter. Empowered Funds LLC now owns 25,441 shares of the company’s stock worth $371,000 after purchasing an additional 7,381 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Asana by 14.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company’s stock worth $3,770,000 after purchasing an additional 32,708 shares during the last quarter. American Century Companies Inc. acquired a new stake in Asana during the 2nd quarter worth $158,000. Finally, Prudential Financial Inc. purchased a new position in shares of Asana during the 2nd quarter worth $160,000. Institutional investors and hedge funds own 26.21% of the company’s stock.

Key Asana News

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana beat first-quarter fiscal 2027 earnings and revenue estimates, reporting $0.10 EPS on $205.1 million in revenue, with revenue up 9.5% year over year. Article Title
• Positive Sentiment: Management also raised guidance, with Q2 and full-year EPS outlooks above Wall Street expectations, signaling improving profitability and encouraging investors. Article Title
• Positive Sentiment: Asana completed its acquisition of StackAI, a no-code AI workflow platform, which could strengthen its product offering and support longer-term growth in enterprise automation. Article Title
• Positive Sentiment: Investors also viewed improving operating cash flow and margin progress as signs that Asana is making progress on financial discipline, even though the business remains unprofitable. Article Title
• Neutral Sentiment: An investor note said the stock remains challenged by sub-100% net retention and a still-elevated share price decline over the longer term, keeping some analysts cautious despite the strong quarter. Article Title
• Negative Sentiment: Some coverage highlighted that the company is still posting losses and that insider selling has been ongoing, which may temper enthusiasm for the rally. Article Title

About Asana

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.