Asana (NYSE:ASAN) Updates FY26 Earnings Guidance

Asana (NYSE:ASAN) issued an update on its FY26 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.19-$0.20 for the period, compared to the consensus earnings per share estimate of $0.00. The company issued revenue guidance of $782.0-$790.0 million, compared to the consensus revenue estimate of $803.47 million. Asana also updated its Q1 guidance to $0.02 EPS.

Wall Street Analyst Weigh In

ASAN has been the subject of a number of research analyst reports. Scotiabank boosted their target price on shares of Asana from $15.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Friday, December 6th. Citigroup lifted their price objective on Asana from $16.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. DA Davidson upped their target price on shares of Asana from $13.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. KeyCorp upgraded shares of Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price target for the company in a research report on Friday, December 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $27.00 target price on shares of Asana in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.73.

Asana Stock Performance

ASAN stock traded down $1.56 during trading hours on Monday, reaching $16.69. The stock had a trading volume of 7,612,656 shares, compared to its average volume of 2,497,906. Asana has a fifty-two week low of $11.05 and a fifty-two week high of $27.77. The stock has a market capitalization of $3.82 billion, a PE ratio of -14.90 and a beta of 1.13. The stock has a 50-day simple moving average of $20.63 and a 200 day simple moving average of $16.85. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49.

Asana (NYSE:ASAN) last released its quarterly earnings data on Monday, March 10th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.21). The company had revenue of $188.30 million for the quarter, compared to the consensus estimate of $188.13 million. Asana had a negative return on equity of 86.84% and a negative net margin of 36.17%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) earnings per share. Analysts predict that Asana will post -1.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Anne Raimondi sold 27,233 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.71, for a total value of $591,228.43. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Justin Rosenstein sold 150,000 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $20.01, for a total transaction of $3,001,500.00. Following the transaction, the director now directly owns 2,047,309 shares in the company, valued at approximately $40,966,653.09. This represents a 6.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 723,300 shares of company stock worth $15,161,068 over the last three months. Insiders own 63.97% of the company’s stock.

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.