Asana (NYSE:ASAN) Earns Neutral Rating from DA Davidson

DA Davidson reissued their neutral rating on shares of Asana (NYSE:ASAN) in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a $11.00 price objective on the stock, down from their previous price objective of $14.00. DA Davidson also issued estimates for Asana’s Q3 2025 earnings at ($0.33) EPS.

Several other research analysts have also recently weighed in on ASAN. Robert W. Baird decreased their price target on shares of Asana from $20.00 to $13.00 and set a neutral rating on the stock in a report on Wednesday. Morgan Stanley decreased their price target on shares of Asana from $19.00 to $15.00 and set an equal weight rating on the stock in a report on Tuesday, August 20th. JMP Securities decreased their price target on shares of Asana from $27.00 to $21.00 and set a market outperform rating on the stock in a report on Wednesday. Citigroup decreased their price target on shares of Asana from $17.00 to $15.00 and set a neutral rating on the stock in a report on Wednesday, June 26th. Finally, Jefferies Financial Group decreased their price target on shares of Asana from $17.00 to $16.00 and set a hold rating on the stock in a report on Friday, May 31st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $14.67.

Asana Trading Down 6.4 %

Shares of ASAN stock opened at $11.78 on Wednesday. The company’s fifty day simple moving average is $13.64 and its two-hundred day simple moving average is $14.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.71 and a quick ratio of 1.71. Asana has a 1 year low of $11.29 and a 1 year high of $23.44. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of -10.07 and a beta of 1.16.

Asana (NYSE:ASAN) last issued its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. Asana had a negative net margin of 38.55% and a negative return on equity of 77.48%. The business had revenue of $179.21 million for the quarter, compared to analysts’ expectations of $177.68 million. During the same quarter in the previous year, the firm posted ($0.31) EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, analysts anticipate that Asana will post -1.05 earnings per share for the current year.

Insider Activity

In other news, CFO Tim M. Wan sold 28,856 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $11.44, for a total value of $330,112.64. Following the completion of the sale, the chief financial officer now owns 1,050,284 shares of the company’s stock, valued at approximately $12,015,248.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Tim M. Wan sold 28,856 shares of Asana stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $11.44, for a total value of $330,112.64. Following the transaction, the chief financial officer now directly owns 1,050,284 shares of the company’s stock, valued at $12,015,248.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Tim M. Wan sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $15.00, for a total transaction of $150,000.00. Following the sale, the chief financial officer now owns 1,050,284 shares of the company’s stock, valued at $15,754,260. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,443 shares of company stock valued at $1,026,976. 63.97% of the stock is currently owned by insiders.

Institutional Trading of Asana

Institutional investors have recently modified their holdings of the company. Headlands Technologies LLC increased its holdings in Asana by 327.9% during the 2nd quarter. Headlands Technologies LLC now owns 2,897 shares of the company’s stock valued at $41,000 after purchasing an additional 2,220 shares during the period. Edmond DE Rothschild Holding S.A. increased its stake in shares of Asana by 26.2% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 3,225 shares of the company’s stock valued at $61,000 after buying an additional 669 shares during the period. Redwood Wealth Management Group LLC bought a new position in shares of Asana during the second quarter valued at approximately $65,000. Daiwa Securities Group Inc. boosted its holdings in Asana by 26.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,983 shares of the company’s stock valued at $70,000 after acquiring an additional 1,028 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in Asana by 139.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,673 shares of the company’s stock valued at $93,000 after purchasing an additional 3,885 shares during the period. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

Asana Company Profile

Asana, Inc, together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across projects and portfolios to gain real-time insights.