KeyCorp Lowers Asana (NYSE:ASAN) Price Target to $15.00

Asana (NYSE:ASAN) had its price objective reduced by research analysts at KeyCorp from $18.00 to $15.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price target points to a potential upside of 105.20% from the stock’s current price.

A number of other analysts have also issued reports on the stock. Jefferies Financial Group lowered their target price on shares of Asana from $15.00 to $8.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. BTIG Research started coverage on shares of Asana in a research report on Tuesday, December 16th. They set a “neutral” rating on the stock. Royal Bank Of Canada lowered their price target on Asana from $14.00 to $11.00 and set an “underperform” rating for the company in a report on Monday, January 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Asana in a report on Monday, December 29th. Finally, HSBC set a $8.00 target price on Asana in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Asana presently has a consensus rating of “Hold” and a consensus price target of $13.89.

Asana Stock Up 3.0%

Shares of NYSE ASAN opened at $7.31 on Tuesday. Asana has a 1 year low of $6.51 and a 1 year high of $19.56. The firm has a 50-day simple moving average of $10.41 and a two-hundred day simple moving average of $12.62. The company has a market cap of $1.73 billion, a P/E ratio of -7.86 and a beta of 1.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.40.

Asana (NYSE:ASAN) last issued its quarterly earnings results on Monday, March 2nd. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. Asana had a negative return on equity of 79.80% and a negative net margin of 28.33%.The firm had revenue of $205.57 million for the quarter, compared to the consensus estimate of $205.13 million. Asana’s revenue was up 9.2% on a year-over-year basis. Research analysts anticipate that Asana will post -1.09 earnings per share for the current year.

Insider Buying and Selling at Asana

In other news, Director Justin Rosenstein sold 850,233 shares of Asana stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $15.12, for a total value of $12,855,522.96. Following the transaction, the director owned 210,398 shares of the company’s stock, valued at $3,181,217.76. The trade was a 80.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Anne Raimondi sold 76,093 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $14.47, for a total transaction of $1,101,065.71. Following the sale, the chief operating officer directly owned 764,178 shares of the company’s stock, valued at $11,057,655.66. The trade was a 9.06% decrease in their position. 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 quarter. Insiders own 61.28% of the company’s stock.

Hedge Funds Weigh In On Asana

Large investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in shares of Asana in the 3rd quarter worth $27,000. Jones Financial Companies Lllp boosted its holdings in Asana by 137.7% in the third quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock worth $34,000 after acquiring an additional 1,427 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Asana by 119.7% during the third quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock worth $34,000 after acquiring an additional 1,391 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Asana during the fourth quarter valued at about $50,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Asana by 64.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock valued at $59,000 after purchasing an additional 1,706 shares during the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Asana

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Q4 results beat consensus — Asana reported $0.08 EPS vs. $0.07 consensus and $205.6M revenue (up 9.2% YoY); management highlighted improving profitability. Asana Announces Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Company sets FY‑27 revenue target of up to $858M and is expanding its AI platform (including geographic expansion), signaling growth initiatives tied to AI products. Asana outlines FY ’27 revenue target of up to $858M while expanding AI platform and appoints new CFO
• Positive Sentiment: Leadership continuity: Asana promoted Aziz Megji to CFO effective March 24, which reduces near‑term exec uncertainty and keeps financial planning in‑house. Asana to Appoint Aziz Megji to the Role of Chief Financial Officer
• Neutral Sentiment: Management commentary and the earnings call provide additional color on AI product rollout and margin improvement; read the transcript/highlights for details on execution and assumptions. Asana Inc (ASAN) Q4 2026 Earnings Call Highlights
• Positive Sentiment: Product expansion: Asana is expanding its AI work platform to new regions (AWS UAE), which may help international growth and enterprise adoption. How Investors Are Reacting To Asana (ASAN) Expanding AI Work Platform To AWS UAE Region
• Negative Sentiment: Analysts cut price targets — Piper Sandler lowered its target from $14 to $9 (still overweight) and Robert W. Baird cut from $16 to $9 (now neutral); lower targets signal reduced near‑term upside expectations and likely contributed to selling pressure. Benzinga coverage of analyst price target changes
• Negative Sentiment: Market reaction: some coverage notes the stock fell despite in‑line/beat results, reflecting investor concerns about growth sustainability and whether improved profitability is durable. Asana (NYSE:ASAN) Reports Q4 CY2025 In Line With Expectations But Stock Drops
• Negative Sentiment: Investor debate on long‑term growth: analysis pieces argue that stabilizing profitability doesn’t resolve the longer‑term growth trajectory, a theme that may keep valuation multiples depressed until revenue acceleration is clearer. Asana: Stabilizing Profitability Doesn’t Solve The Long-Term Growth Question

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.