Asana (NYSE:ASAN) Updates 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 guidance of 0.020-0.020 for the period, compared to the consensus earnings per share 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.

Asana Trading Down 8.5 %

ASAN stock traded down $1.56 during midday trading on Monday, hitting $16.69. 7,920,284 shares of the company's stock were exchanged, compared to its average volume of 2,498,406. The company has a market cap of $3.82 billion, a PE ratio of -14.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. The stock's fifty day moving average price is $20.63 and its 200-day moving average price is $16.85. Asana has a one year low of $11.05 and a one year high of $27.77.

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

Wall Street Analyst Weigh In

ASAN has been the subject of several recent research reports. Robert W. Baird increased their target price on shares of Asana from $13.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Piper Sandler restated an "overweight" rating and set a $27.00 price objective on shares of Asana in a research note on Thursday, February 6th. Jefferies Financial Group lifted their target price on Asana from $16.00 to $19.00 and gave the company a "hold" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on Asana from $13.00 to $15.00 and gave the stock an "underweight" rating in a research report on Friday, December 6th. Finally, DA Davidson increased their price objective on Asana from $13.00 to $20.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.73.

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Insiders Place Their Bets

In other Asana news, COO Anne Raimondi sold 27,233 shares of the company's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.71, for a total transaction of $591,228.43. Following the completion of the sale, the chief operating officer now directly owns 733,855 shares in the company, valued at $15,931,992.05. This represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Justin Rosenstein sold 150,000 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $20.01, for a total value of $3,001,500.00. Following the completion of the sale, the director now directly owns 2,047,309 shares in the company, valued at $40,966,653.09. This trade represents a 6.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 723,300 shares of company stock worth $15,161,068 over the last three months. 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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