DA Davidson Weighs in on Asana's Q1 Earnings (NYSE:ASAN)

Asana, Inc. (NYSE:ASAN - Free Report) - Stock analysts at DA Davidson issued their Q1 2026 earnings per share estimates for Asana in a research report issued to clients and investors on Tuesday, March 11th. DA Davidson analyst L. Schreiner anticipates that the company will earn ($0.22) per share for the quarter. DA Davidson has a "Neutral" rating and a $12.00 price target on the stock. The consensus estimate for Asana's current full-year earnings is ($1.09) per share.

ASAN has been the topic of several other reports. Robert W. Baird reduced their price target on Asana from $23.00 to $13.00 and set a "neutral" rating on the stock in a research report on Tuesday. Piper Sandler dropped their target price on Asana from $27.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday. JMP Securities upped their price target on Asana from $21.00 to $25.00 and gave the company a "market outperform" rating in a report on Friday, December 6th. Oppenheimer upped their price objective on Asana from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, Bank of America reduced their price objective on Asana from $30.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday. Two equities research 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $16.07.

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Asana Stock Performance

Shares of ASAN opened at $12.64 on Wednesday. The stock's 50-day simple moving average is $20.40 and its 200 day simple moving average is $16.86. Asana has a 52-week low of $11.05 and a 52-week high of $27.77. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of -11.28 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.

Insider Buying and Selling at Asana

In other Asana news, Director Justin Rosenstein sold 200,000 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $21.67, for a total transaction of $4,334,000.00. Following the completion of the transaction, the director now directly owns 1,847,309 shares of the company's stock, valued at $40,031,186.03. The trade was a 9.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Anne Raimondi sold 27,233 shares of the business'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 transaction, the chief operating officer now directly owns 733,855 shares of the company's stock, valued at $15,931,992.05. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 723,300 shares of company stock worth $15,161,068 in the last quarter. 63.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new stake in Asana during the fourth quarter worth approximately $29,000. Bogart Wealth LLC acquired a new position in Asana in the 4th quarter worth approximately $61,000. KBC Group NV boosted its stake in Asana by 52.1% in the 3rd 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 period. Quest Partners LLC acquired a new position in Asana in the 3rd quarter worth approximately $43,000. Finally, SBI Securities Co. Ltd. acquired a new position in Asana in the 4th quarter worth approximately $82,000. 26.21% of the stock is currently owned by 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.

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