DA Davidson Weighs in on Asana’s FY2026 Earnings (NYSE:ASAN)

Asana, Inc. (NYSE:ASAN) – Analysts at DA Davidson boosted their FY2026 EPS estimates for Asana in a note issued to investors on Tuesday, March 11th. DA Davidson analyst L. Schreiner now anticipates that the company will post earnings per share of ($0.70) for the year, up from their previous forecast of ($0.99). DA Davidson currently has a “Neutral” rating and a $12.00 target price on the stock. The consensus estimate for Asana’s current full-year earnings is ($1.09) per share. DA Davidson also issued estimates for Asana’s FY2027 earnings at ($0.60) EPS.

Other analysts have also recently issued reports about the stock. Robert W. Baird reduced their target price on shares of Asana from $23.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday. JMP Securities boosted their target price on shares of Asana from $21.00 to $25.00 and gave the stock a “market outperform” 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 target price on the stock in a research report on Friday, December 6th. JPMorgan Chase & Co. lowered their target price on shares of Asana from $15.00 to $13.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $10.00 price objective on shares of Asana in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.87.

Asana Stock Performance

ASAN stock opened at $13.45 on Thursday. 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 stock has a market cap of $3.08 billion, a P/E ratio of -12.00 and a beta of 1.13. The firm has a 50 day simple moving average of $20.26 and a 200 day simple moving average of $16.84. Asana has a 52 week low of $11.05 and a 52 week high of $27.77.

Insiders Place Their Bets

In other Asana news, COO Anne Raimondi sold 27,233 shares of the firm’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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Justin Rosenstein sold 200,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 1,847,309 shares in the company, valued at approximately $40,031,186.03. This represents a 9.77 % 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 in the last quarter. 63.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Asana

Several hedge funds have recently bought and sold shares of ASAN. Brooklyn FI LLC bought a new stake in shares of Asana during the 4th quarter valued at approximately $8,138,000. Vise Technologies Inc. grew its holdings in shares of Asana by 6.5% during the 4th quarter. Vise Technologies Inc. now owns 15,809 shares of the company’s stock valued at $320,000 after purchasing an additional 959 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Asana by 12.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 226,025 shares of the company’s stock valued at $4,582,000 after purchasing an additional 25,607 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Asana by 25.6% during the 4th quarter. Voloridge Investment Management LLC now owns 2,149,680 shares of the company’s stock valued at $43,574,000 after purchasing an additional 438,057 shares during the last quarter. Finally, Woodline Partners LP bought a new stake in shares of Asana during the 4th quarter valued at approximately $1,745,000. 26.21% of the stock is owned by institutional investors.

Asana Company Profile

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.