Asana (NYSE:ASAN) Sets New 52-Week Low – Should You Sell?

Asana, Inc. (NYSE:ASAN) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $8.91 and last traded at $9.2340, with a volume of 7262756 shares traded. The stock had previously closed at $9.91.

Analyst Ratings Changes

ASAN has been the subject of several recent research reports. Piper Sandler reduced their price target on shares of Asana from $19.00 to $14.00 and set an “overweight” rating for the company in a report on Monday. Citigroup raised Asana from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Thursday, January 15th. BTIG Research started coverage on Asana in a research report on Tuesday, December 16th. They issued a “neutral” rating for the company. DA Davidson dropped their price objective on Asana from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada cut their target price on Asana from $14.00 to $11.00 and set an “underperform” rating on the stock in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.75.

Asana Trading Up 3.7%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -9.43 and a beta of 0.95. The company’s fifty day moving average is $12.69 and its two-hundred day moving average is $13.46.

Asana (NYSE:ASAN) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $201.03 million for the quarter, compared to the consensus estimate of $198.78 million. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) EPS. Asana has set its FY 2026 guidance at 0.250-0.260 EPS and its Q4 2026 guidance at 0.070-0.070 EPS. On average, research analysts anticipate that Asana, Inc. will post -1.09 EPS for the current year.

Insider Activity at Asana

In other Asana news, COO Anne Raimondi sold 76,093 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $14.47, for a total value of $1,101,065.71. Following the completion of the transaction, the chief operating officer directly owned 764,178 shares of the company’s stock, valued at approximately $11,057,655.66. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sonalee Elizabeth Parekh sold 83,656 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $14.31, for a total value of $1,197,117.36. Following the completion of the sale, the chief financial officer owned 993,037 shares in the company, valued at approximately $14,210,359.47. This represents a 7.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,127,448 shares of company stock worth $16,825,400. 61.28% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Asana

A number of large investors have recently bought and sold shares of the business. 180 Wealth Advisors LLC grew its position in Asana by 7.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 10,769 shares of the company’s stock valued at $145,000 after acquiring an additional 722 shares in the last quarter. Vident Advisory LLC grew its stake in shares of Asana by 4.3% in the third quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock worth $301,000 after acquiring an additional 930 shares in the last quarter. Blue Trust Inc. increased its position in shares of Asana by 3.6% during the third 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 period. Ameritas Investment Partners Inc. grew 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 purchasing an additional 1,115 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in Asana by 7.8% during the 4th quarter. ProShare Advisors LLC now owns 16,412 shares of the company’s stock worth $225,000 after purchasing an additional 1,188 shares during the period. Institutional investors and hedge funds own 26.21% of the company’s stock.

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.