DA Davidson Forecasts Asana's FY2026 Earnings (NYSE:ASAN)

Asana, Inc. (NYSE:ASAN - Free Report) - Analysts at DA Davidson upped their FY2026 earnings per share estimates for shares of Asana in a research report issued on Tuesday, March 11th. DA Davidson analyst L. Schreiner now expects that the company will earn ($0.70) per share for the year, up from their previous forecast of ($0.99). DA Davidson has a "Neutral" rating and a $12.00 price objective on the stock. The consensus estimate for Asana's current full-year earnings is ($1.09) per share. DA Davidson also issued estimates for Asana's FY2027 earnings at ($0.60) EPS.

Several other equities research analysts have also weighed in on the company. Royal Bank of Canada reissued an "underperform" rating and set a $10.00 target price on shares of Asana in a research report on Friday, December 6th. UBS Group cut their target price on Asana from $18.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. JPMorgan Chase & Co. cut their target price on Asana from $15.00 to $13.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 11th. Morgan Stanley cut their target price on Asana from $18.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 12th. Finally, JMP Securities raised their target price on Asana from $21.00 to $25.00 and gave the stock a "market outperform" rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Asana has a consensus rating of "Hold" and an average price target of $15.87.

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Asana Stock Up 1.1 %

NYSE ASAN traded up $0.15 during trading hours on Thursday, hitting $14.03. 3,665,271 shares of the company were exchanged, compared to its average volume of 2,542,817. Asana has a 52-week low of $11.05 and a 52-week high of $27.77. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of -12.52 and a beta of 1.13. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $19.99 and a two-hundred day moving average of $16.84.

Hedge Funds Weigh In On Asana

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new position in Asana during the fourth quarter worth $29,000. KBC Group NV raised its holdings in Asana by 52.1% during the third quarter. KBC Group NV now owns 3,534 shares of the company's stock worth $41,000 after purchasing an additional 1,211 shares during the last quarter. Quest Partners LLC acquired a new position in Asana during the third quarter worth $43,000. Bogart Wealth LLC acquired a new position in Asana during the fourth quarter worth $61,000. Finally, SBI Securities Co. Ltd. acquired a new position in Asana during the fourth quarter worth $82,000. 26.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Asana

In related news, COO Anne Raimondi sold 27,233 shares of Asana stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.71, for a total value of $591,228.43. Following the sale, the chief operating officer now directly owns 733,855 shares in the company, valued at $15,931,992.05. The trade was a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Justin Rosenstein sold 25,000 shares of Asana stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $12.89, for a total value of $322,250.00. Following the completion of the sale, the director now owns 922,309 shares in the company, valued at approximately $11,888,563.01. This trade represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 748,300 shares of company stock worth $15,483,318. 63.97% of the stock is currently owned by insiders.

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.