Asana (NYSE:ASAN) Price Target Raised to $9.00

Asana (NYSE:ASAN) had its target price raised by Piper Sandler from $7.00 to $9.00 in a research note issued to investors on Friday morning, Marketbeat Ratings reports. They currently have a neutral rating on the stock.

ASAN has been the topic of a number of other reports. Zacks Research cut Asana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. KeyCorp reduced their price objective on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Citizens Jmp reissued a “market outperform” rating and issued a $15.00 target price on shares of Asana in a report on Tuesday, July 7th. BTIG Research reissued a “neutral” rating on shares of Asana in a research note on Friday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Asana presently has a consensus rating of “Hold” and a consensus price target of $9.95.

Asana Price Performance

Shares of Asana stock opened at $8.81 on Friday. Asana has a 1 year low of $5.38 and a 1 year high of $15.48. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of -13.35 and a beta of 0.95. The company has a 50-day moving average of $8.43 and a 200 day moving average of $7.37.

Asana (NYSE:ASAN) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.15 million. Asana had a negative net margin of 18.62% and a negative return on equity of 80.33%. Asana’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, equities analysts anticipate that Asana will post -0.4 EPS for the current year.

Insider Activity

In related news, CFO Aziz Megji sold 13,239 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $6.73, for a total value of $89,098.47. Following the transaction, the chief financial officer directly owned 765,389 shares of the company’s stock, valued at approximately $5,151,067.97. This represents a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Daniel Rogers sold 13,790 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $6.89, for a total value of $95,013.10. Following the sale, the chief executive officer owned 1,891,990 shares in the company, valued at approximately $13,035,811.10. This represents a 0.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 119,959 shares of company stock worth $809,325. Corporate insiders own 87.54% of the company’s stock.

Institutional Investors Weigh In On Asana

Several large investors have recently bought and sold shares of ASAN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Asana by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,546 shares of the company’s stock worth $707,000 after buying an additional 2,328 shares during the last quarter. Empowered Funds LLC lifted its stake in Asana by 40.9% during the 1st quarter. Empowered Funds LLC now owns 25,441 shares of the company’s stock valued at $371,000 after acquiring an additional 7,381 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Asana by 14.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 258,733 shares of the company’s stock valued at $3,770,000 after acquiring an additional 32,708 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of Asana during the 2nd quarter valued at about $158,000. Finally, Prudential Financial Inc. bought a new stake in shares of Asana in the second quarter worth approximately $160,000. 26.21% of the stock is currently owned by institutional investors.

Key Headlines Impacting Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana reported fiscal second-quarter adjusted EPS of $0.10, ahead of the $0.09 consensus estimate, while revenue of $216.4 million exceeded expectations of $214.2 million and increased 9.9% year over year. Asana Announces Second Quarter Fiscal 2027 Results
• Positive Sentiment: Fiscal 2027 revenue guidance of $858.5 million to $863.5 million was broadly in line with consensus, while the company’s EPS outlook of $0.37 was above the $0.22 analyst estimate. Management also highlighted improving retention, stronger upmarket momentum and growing adoption of its AI products. Asana FY2027 Outlook
• Positive Sentiment: Several analysts raised their valuation targets following the results. RBC increased its target to $9.50 from $8, UBS raised its target to $10 from $8, and Piper Sandler lifted its target to $9 from $7. Citizens JMP maintained an outperform rating with a $15 target. RBC Raises Asana Price Target
• Neutral Sentiment: Asana executives will present at Citi’s Global TMT Conference on September 9 and Piper Sandler’s Growth Frontiers Conference on September 15. These events could provide updates on AI-agent coordination, enterprise demand and retention trends. Asana Investor Events
• Negative Sentiment: The immediate share-price weakness was driven primarily by soft fiscal third-quarter guidance: revenue of $217 million to $219 million is slightly below or near consensus, and investors viewed the outlook as insufficient after the earnings beat. Asana Stock Outlook
• Negative Sentiment: Analysts and investors remain concerned about churn and Asana’s still-negative profitability, creating skepticism that AI momentum will translate into faster durable growth. Asana Churn Analysis

About Asana

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.