Asana (NYSE:ASAN) Updates Q1 Earnings Guidance

Asana (NYSE:ASAN) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.02 for the period, compared to the consensus earnings per share estimate of ($0.02). The company issued revenue guidance of $184.5-$186.5 million, compared to the consensus revenue estimate of $190.80 million. Asana also updated its FY26 guidance to $0.19-$0.20 EPS.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ASAN shares. Royal Bank of Canada restated an “underperform” rating and set a $10.00 price target on shares of Asana in a research report on Friday, December 6th. Scotiabank increased their target price on shares of Asana from $15.00 to $18.00 and gave the company a “sector perform” rating in a research report on Friday, December 6th. Robert W. Baird lifted their price target on shares of Asana from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Oppenheimer upped their price objective on Asana from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. raised their target price on Asana from $13.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.73.

Asana Price Performance

Shares of ASAN traded down $1.56 during midday trading on Monday, hitting $16.69. 6,804,444 shares of the company traded hands, compared to its average volume of 2,496,592. Asana has a one year low of $11.05 and a one year high of $27.77. The firm has a market cap of $3.82 billion, a P/E ratio of -14.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a 50-day moving average of $20.63 and a 200-day moving average of $16.85.

Insider Activity at Asana

In other Asana news, COO Anne Raimondi sold 27,233 shares of the firm’s stock in a transaction on 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 transaction, the chief operating officer now directly owns 733,855 shares of the company’s stock, valued at $15,931,992.05. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Justin Rosenstein sold 150,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $19.76, for a total transaction of $2,964,000.00. Following the completion of the transaction, the director now directly owns 1,097,309 shares in the company, valued at approximately $21,682,825.84. The trade was a 12.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 723,300 shares of company stock valued at $15,161,068. Corporate 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.