Asana (NYSE:ASAN) Updates Q1 2027 Earnings Guidance

Asana (NYSE:ASAN) issued an update on its first quarter 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.070-0.080 for the period, compared to the consensus estimate of 0.070. The company issued revenue guidance of $202.5 million-$204.5 million, compared to the consensus revenue estimate of $204.5 million. Asana also updated its FY 2027 guidance to 0.360-0.370 EPS.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ASAN shares. Wall Street Zen upgraded shares of Asana from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. BTIG Research started coverage on Asana in a research note on Tuesday, December 16th. They set a “neutral” rating on the stock. UBS Group dropped their price target on Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday. Piper Sandler decreased their price objective on Asana from $14.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, KeyCorp lowered their price objective on Asana from $18.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday. 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.46.

Asana Trading Up 3.9%

Shares of NYSE:ASAN opened at $7.73 on Thursday. The business’s 50 day simple moving average is $10.17 and its 200 day simple moving average is $12.54. Asana has a 1 year low of $6.51 and a 1 year high of $19.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $1.83 billion, a P/E ratio of -9.66 and a beta of 1.01.

Asana (NYSE:ASAN) last released its earnings results on Monday, March 2nd. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $205.57 million during the quarter, compared to the consensus estimate of $205.13 million. Asana had a negative return on equity of 71.50% and a negative net margin of 23.90%.Asana’s revenue was up 9.2% on a year-over-year basis. On average, research analysts anticipate that Asana will post -1.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Sonalee Elizabeth Parekh sold 24,888 shares of Asana stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $13.54, for a total value of $336,983.52. Following the transaction, the chief financial officer directly owned 968,149 shares of the company’s stock, valued at $13,108,737.46. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Anne Raimondi sold 62,165 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $14.31, for a total transaction of $889,581.15. Following the transaction, the chief operating officer owned 702,013 shares of the company’s stock, valued at approximately $10,045,806.03. This represents a 8.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,127,448 shares of company stock worth $16,825,400 over the last ninety days. Corporate insiders own 61.28% of the company’s stock.

Trending Headlines about Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Q4 results beat on EPS, revenue growth and operating swing to profit — Asana reported a $0.08 EPS (vs. $0.07 consensus), revenue grew ~9% year‑over‑year and operating income swung toward profitability, supporting the stock move higher. Read More.
• Positive Sentiment: FY‑27 revenue target and AI focus — Management outlined a FY‑27 revenue target of up to $858M and emphasized expansion of its AI platform, which supports medium‑term revenue growth potential if adoption accelerates. Read More.
• Positive Sentiment: New CFO named — Asana has appointed Megji as CFO, which reduces near‑term leadership uncertainty after the prior CFO’s exit. Management highlighted continuity plans. Read More.
• Neutral Sentiment: Guidance largely in line but revenue a touch soft — Q1 EPS guidance (0.070–0.080) and FY‑27 EPS (0.360–0.370) were essentially in line with consensus, while FY revenue and Q1 revenue ranges were at or just below street estimates — a mixed read for near‑term top‑line growth. Read More.
• Negative Sentiment: CFO turnover — The outgoing CFO resigned after under two years, raising governance and execution concerns until the new CFO is fully integrated. Read More.
• Negative Sentiment: Multiple analyst price‑target cuts and downgrades — Several firms (UBS, Morgan Stanley, RBC, Piper Sandler, Robert W. Baird and others) have trimmed targets and lowered ratings this week, reflecting skepticism on Asana’s growth trajectory and fueling selling pressure. Read More.

Hedge Funds Weigh In On Asana

A number of institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its position in shares of Asana by 53.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,791,902 shares of the company’s stock worth $38,277,000 after buying an additional 977,107 shares during the last quarter. Marshall Wace LLP raised its stake in Asana by 35.1% during the fourth quarter. Marshall Wace LLP now owns 2,653,145 shares of the company’s stock worth $36,375,000 after acquiring an additional 689,546 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Asana by 12.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,214,591 shares of the company’s stock worth $71,492,000 after acquiring an additional 565,681 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Asana by 94.7% in the 4th quarter. Federated Hermes Inc. now owns 804,743 shares of the company’s stock valued at $11,033,000 after purchasing an additional 391,412 shares in the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Asana by 276.2% in the 4th quarter. Trexquant Investment LP now owns 489,091 shares of the company’s stock valued at $6,705,000 after purchasing an additional 359,085 shares in the last quarter. 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.