Asana (NYSE:ASAN) Issues Q1 2026 Earnings Guidance

Asana (NYSE:ASAN - Get Free Report) updated its first quarter 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.020-0.020 for the period, compared to the consensus estimate of -0.010. The company issued revenue guidance of $184.5 million-$186.5 million, compared to the consensus revenue estimate of $190.7 million. Asana also updated its FY 2026 guidance to 0.190-0.200 EPS.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Piper Sandler restated an "overweight" rating and issued a $27.00 price objective on shares of Asana in a research note on Thursday, February 6th. Oppenheimer boosted their target price on shares of Asana from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Citigroup raised their price target on Asana from $16.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Royal Bank of Canada reissued an "underperform" rating and set a $10.00 price objective on shares of Asana in a research report on Friday, December 6th. Finally, DA Davidson raised their target price on Asana from $13.00 to $20.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Asana has a consensus rating of "Hold" and a consensus price target of $17.73.

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Asana Stock Performance

ASAN stock traded down $1.56 during midday trading on Monday, hitting $16.69. The stock had a trading volume of 8,030,611 shares, compared to its average volume of 2,498,529. Asana has a 52 week low of $11.05 and a 52 week high of $27.77. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The stock has a 50-day simple moving average of $20.63 and a 200 day simple moving average of $16.85. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -14.90 and a beta of 1.13.

Asana (NYSE:ASAN - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.21). The business had revenue of $188.30 million for the quarter, compared to the consensus estimate of $188.13 million. Asana had a negative return on equity of 86.84% and a negative net margin of 36.17%. Asana's revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) earnings per share. As a group, equities research analysts anticipate that Asana will post -1.09 earnings per share for the current year.

Insider Activity

In other Asana news, COO Anne Raimondi sold 27,233 shares of the company's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $21.71, for a total transaction of $591,228.43. Following the sale, the chief operating officer now directly owns 733,855 shares of the company's stock, valued at approximately $15,931,992.05. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justin Rosenstein sold 200,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $21.67, for a total transaction of $4,334,000.00. Following the sale, the director now directly owns 1,847,309 shares of the company's stock, valued at approximately $40,031,186.03. The trade was a 9.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 723,300 shares of company stock worth $15,161,068. Company insiders own 63.97% of the company's stock.

About Asana

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.

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