Asana (ASAN) to Post Quarterly Earnings on Thursday

Asana (NYSE:ASAN) is anticipated to issue its Q2 2027 results after the market closes on Thursday, September 3rd. Analysts expect Asana to post earnings of $0.0875 per share and revenue of $214.1510 million for the quarter. Individuals can check the company’s upcoming Q2 2027 earning overview page for the latest details on the call scheduled for Thursday, September 3, 2026 at 4:30 PM ET.

Asana Stock Performance

ASAN opened at $10.28 on Tuesday. The company’s 50-day simple moving average is $8.20 and its two-hundred day simple moving average is $7.31. The stock has a market capitalization of $2.37 billion, a P/E ratio of -14.90 and a beta of 0.93. Asana has a 52-week low of $5.38 and a 52-week high of $15.71.

Insider Buying and Selling at Asana

In other Asana news, CFO Aziz Megji sold 31,696 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $6.66, for a total value of $211,095.36. Following the transaction, the chief financial officer directly owned 778,628 shares in the company, valued at approximately $5,185,662.48. This trade represents a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Veronica Sosa sold 11,378 shares of Asana stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $6.66, for a total transaction of $75,777.48. Following the transaction, the chief accounting officer owned 62,344 shares in the company, valued at $415,211.04. This represents a 15.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 119,959 shares of company stock worth $809,325 over the last quarter. Company insiders own 87.54% of the company’s stock.

Institutional Investors Weigh In On Asana

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. lifted its position in Asana by 18.3% during the fourth quarter. Invesco Ltd. now owns 106,753 shares of the company’s stock valued at $1,464,000 after purchasing an additional 16,500 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Asana in the fourth quarter worth about $211,000. XTX Topco Ltd increased its position in Asana by 213.4% in the fourth quarter. XTX Topco Ltd now owns 235,451 shares of the company’s stock worth $3,228,000 after buying an additional 160,329 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its position in Asana by 663.4% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 109,178 shares of the company’s stock worth $1,497,000 after buying an additional 94,876 shares in the last quarter. Finally, Occudo Quantitative Strategies LP raised its stake in shares of Asana by 76.1% in the fourth quarter. Occudo Quantitative Strategies LP now owns 156,282 shares of the company’s stock worth $2,143,000 after buying an additional 67,560 shares during the period. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. DA Davidson reissued a “neutral” rating and set a $8.00 price objective on shares of Asana in a report on Friday, May 29th. Barclays cut shares of Asana to an “outperform” rating in a report on Monday, August 24th. UBS Group reaffirmed a “neutral” rating and issued a $8.00 target price on shares of Asana in a research report on Friday, May 29th. Royal Bank Of Canada boosted their target price on shares of Asana from $7.00 to $8.00 and gave the company a “sector perform” rating in a research note on Friday, May 29th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Asana in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $9.27.

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.