Asana (NYSE:ASAN) Releases Q3 2027 Earnings Guidance

Asana (NYSE:ASAN) issued an update on its third quarter 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 0.080-0.080 for the period, compared to the consensus EPS estimate of 0.050. The company issued revenue guidance of $217.0 million-$219.0 million, compared to the consensus revenue estimate of $218.2 million. Asana also updated its FY 2027 guidance to 0.370-0.370 EPS.

Asana Trading Up 2.6%

NYSE:ASAN traded up $0.25 during trading hours on Thursday, hitting $10.05. 10,083,922 shares of the stock were exchanged, compared to its average volume of 5,872,639. The firm’s fifty day moving average price is $8.32 and its 200 day moving average price is $7.34. Asana has a 52-week low of $5.38 and a 52-week high of $15.71. The company has a market cap of $2.32 billion, a P/E ratio of -14.57 and a beta of 0.95.

Asana (NYSE:ASAN) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.15 million. Asana had a negative return on equity of 74.32% and a negative net margin of 20.21%.The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. Equities analysts expect that Asana will post -0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on ASAN shares. Wall Street Zen downgraded Asana from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Citigroup reaffirmed a “market outperform” rating on shares of Asana in a research note on Monday, August 24th. DA Davidson reiterated a “neutral” rating and set a $8.00 price target on shares of Asana in a report on Friday, May 29th. Zacks Research cut shares of Asana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $15.00 price objective on shares of Asana in a report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9.27.

Insiders Place Their Bets

In other news, CEO Daniel Rogers sold 13,790 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $6.89, for a total value of $95,013.10. Following the transaction, the chief executive officer owned 1,891,990 shares of the company’s stock, valued at $13,035,811.10. This represents a 0.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katie Colendich sold 5,242 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $6.68, for a total value of $35,016.56. Following the transaction, the insider owned 176,598 shares of the company’s stock, valued at approximately $1,179,674.64. This represents a 2.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 119,959 shares of company stock worth $809,325 over the last ninety days. Company insiders own 87.54% of the company’s stock.

Asana News Summary

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Quarterly results exceeded expectations: Asana reported earnings of $0.10 per share versus the $0.09 consensus estimate, while revenue of $216.43 million topped expectations of $214.15 million. Earnings also improved from $0.06 per share a year earlier. Asana Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Full-year guidance was raised above analyst expectations: Asana forecast fiscal 2027 earnings of $0.37 per share, compared with the $0.22 consensus estimate. Full-year revenue guidance of $858.5 million to $863.5 million was broadly in line with the $860.7 million consensus. Asana Q2 2027 Earnings and Guidance
• Neutral Sentiment: Management cited improving business momentum: Asana said retention is strengthening, its upmarket sales strategy is accelerating, and demand for its artificial-intelligence products is gaining traction across industries and geographies. Asana Announces Second Quarter Fiscal 2027 Results
• Negative Sentiment: Near-term outlook disappointed some investors: Third-quarter revenue guidance of $217 million to $219 million was essentially in line with the $218.2 million consensus, while adjusted EPS guidance of $0.08 exceeded the $0.05 estimate. Despite the EPS beat, reports characterized the outlook as soft, prompting selling in extended trading. Asana Stock Outlook Disappoints

Institutional Trading of Asana

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASAN. Arrowstreet Capital Limited Partnership raised its holdings in shares of Asana by 12.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,214,591 shares of the company’s stock valued at $71,492,000 after buying an additional 565,681 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Asana by 53.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock valued at $38,277,000 after acquiring an additional 977,107 shares during the period. Marshall Wace LLP grew its position in Asana by 35.1% in the 4th quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock valued at $36,375,000 after acquiring an additional 689,546 shares in the last quarter. Geode Capital Management LLC grew its position in Asana by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,077,529 shares of the company’s stock valued at $28,488,000 after acquiring an additional 10,034 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Asana by 17.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,794,103 shares of the company’s stock valued at $23,969,000 after acquiring an additional 263,251 shares in the last quarter. Hedge funds and other institutional investors own 26.21% of the company’s stock.

Asana Company Profile

Asana, Inc (NYSE: ASAN) is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana’s platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company’s cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.

Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.