Asana (NYSE:ASAN) Issues FY 2026 Earnings Guidance

Asana (NYSE:ASAN) updated its FY 2026 earnings guidance on Monday. The company provided EPS guidance of 0.190-0.200 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ASAN. JMP Securities raised their price objective on Asana from $21.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Friday, December 6th. Scotiabank decreased their price target on shares of Asana from $18.00 to $12.00 and set a “sector perform” rating on the stock in a report on Tuesday. Citigroup boosted their price target on Asana from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. UBS Group reduced their target price on Asana from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Oppenheimer upped their price objective on shares of Asana from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Two investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.07.

Asana Price Performance

Asana stock opened at $12.64 on Wednesday. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of -11.28 and a beta of 1.13. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $20.40 and a 200 day simple moving average of $16.86. Asana has a 52 week low of $11.05 and a 52 week high of $27.77.

Insider Activity at Asana

In related news, COO Anne Raimondi sold 27,233 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now owns 733,855 shares in the company, valued at $15,931,992.05. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Justin Rosenstein sold 150,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $19.76, for a total value of $2,964,000.00. Following the transaction, the director now directly owns 1,097,309 shares in the company, valued at $21,682,825.84. The trade was a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 723,300 shares of company stock valued at $15,161,068 in the last three months. Company 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.