Asana (NYSE:ASAN) Hits New 52-Week Low – Time to Sell?

Asana, Inc. (NYSE:ASAN) shares hit a new 52-week low during trading on Monday . The company traded as low as $6.60 and last traded at $6.7250, with a volume of 3204199 shares. The stock had previously closed at $7.26.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ASAN shares. BTIG Research initiated coverage on Asana in a research note on Tuesday, December 16th. They issued a “neutral” rating on the stock. DA Davidson lowered their price target on Asana from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Citigroup raised Asana from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Thursday, January 15th. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Finally, Jefferies Financial Group lowered their target price on shares of Asana from $15.00 to $8.00 and set a “hold” rating on the stock in a report on Monday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.96.

Asana Trading Down 9.6%

The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.56 billion, a P/E ratio of -7.06 and a beta of 0.95. The business’s fifty day simple moving average is $11.28 and its 200 day simple moving average is $12.89.

Asana (NYSE:ASAN) last issued its quarterly earnings results on Tuesday, December 2nd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $201.03 million during the quarter, compared to analyst estimates of $198.78 million. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. Asana’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) earnings per share. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. As a group, analysts expect that Asana, Inc. will post -1.09 EPS for the current year.

Insider Transactions at Asana

In other Asana news, Director Justin Rosenstein sold 850,233 shares of Asana stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $15.12, for a total transaction of $12,855,522.96. Following the completion of the sale, the director owned 210,398 shares of the company’s stock, valued at approximately $3,181,217.76. The trade was a 80.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sonalee Elizabeth Parekh sold 24,888 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $13.54, for a total transaction of $336,983.52. Following the sale, the chief financial officer owned 968,149 shares of the company’s stock, valued at $13,108,737.46. The trade was a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,127,448 shares of company stock worth $16,825,400 in the last quarter. 61.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Asana

A number of institutional investors have recently made changes to their positions in ASAN. 180 Wealth Advisors LLC boosted its holdings in Asana by 7.2% during the second quarter. 180 Wealth Advisors LLC now owns 10,769 shares of the company’s stock worth $145,000 after buying an additional 722 shares during the last quarter. Vident Advisory LLC raised its position in shares of Asana by 4.3% in the 3rd quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock valued at $301,000 after acquiring an additional 930 shares during the period. Blue Trust Inc. boosted its stake in Asana by 3.6% during the 3rd quarter. Blue Trust Inc. now owns 27,606 shares of the company’s stock worth $369,000 after acquiring an additional 968 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Asana by 13.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,533 shares of the company’s stock worth $129,000 after acquiring an additional 1,115 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in Asana by 7.8% during the fourth quarter. ProShare Advisors LLC now owns 16,412 shares of the company’s stock valued at $225,000 after purchasing an additional 1,188 shares during the period. 26.21% of the stock is owned by institutional investors and hedge funds.

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.