Asana (NYSE:ASAN) Releases FY 2026 Earnings Guidance

Asana (NYSE:ASAN) updated its FY 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.190-0.200 for the period, compared to the consensus estimate of -0.010. The company issued revenue guidance of $782.0 million-$790.0 million, compared to the consensus revenue estimate of $803.0 million. Asana also updated its FY26 guidance to $0.19-$0.20 EPS.

Asana Stock Performance

NYSE ASAN traded down $1.56 during mid-day trading on Monday, reaching $16.69. 8,030,611 shares of the stock were exchanged, compared to its average volume of 2,498,529. Asana has a 1 year low of $11.05 and a 1 year high of $27.77. 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 company has a market capitalization of $3.82 billion, a P/E ratio of -14.90 and a beta of 1.13. The business’s 50 day moving average is $20.63 and its 200-day moving average is $16.85.

Asana (NYSE:ASAN) last released its earnings results on Monday, March 10th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.21). Asana had a negative return on equity of 86.84% and a negative net margin of 36.17%. The company had revenue of $188.30 million for the quarter, compared to analysts’ expectations of $188.13 million. During the same period in the prior year, the firm earned ($0.04) EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities research analysts forecast that Asana will post -1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ASAN. Oppenheimer lifted their target price on shares of Asana from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. KeyCorp raised shares of Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price target on the stock in a research report on Friday, December 6th. Jefferies Financial Group increased their price objective on Asana from $16.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Scotiabank lifted their target price on Asana from $15.00 to $18.00 and gave the company a “sector perform” rating in a research report on Friday, December 6th. Finally, Robert W. Baird upped their price target on Asana from $13.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $17.73.

Insiders Place Their Bets

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

About Asana

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.