DA Davidson Has Positive Outlook for Asana FY2026 Earnings

Asana, Inc. (NYSE:ASAN - Free Report) - DA Davidson lifted their FY2026 EPS estimates for Asana in a research report issued on Tuesday, April 15th. DA Davidson analyst L. Schreiner now anticipates that the company will earn ($0.67) per share for the year, up from their previous estimate of ($0.70). 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. DA Davidson also issued estimates for Asana's FY2027 earnings at ($0.55) EPS.

Several other equities analysts have also weighed in on ASAN. Scotiabank reduced their price objective on Asana from $18.00 to $12.00 and set a "sector perform" rating for the company in a report on Tuesday, March 11th. Bank of America reduced their price objective on shares of Asana from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Piper Sandler lowered their price target on Asana from $27.00 to $18.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Citigroup lifted their price objective on shares of Asana from $16.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Finally, Morgan Stanley cut their target price on Asana from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Wednesday. Two investment 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.60.

Asana Stock Performance

Shares of Asana stock traded down $0.21 on Thursday, reaching $14.84. 1,683,310 shares of the company traded hands, compared to its average volume of 2,748,451. The company has a 50 day moving average of $16.85 and a 200 day moving average of $17.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.49 and a quick ratio of 1.49. Asana has a 52 week low of $11.05 and a 52 week high of $27.77. The firm has a market capitalization of $3.46 billion, a PE ratio of -13.25 and a beta of 1.23.

Insiders Place Their Bets

In related news, CEO Dustin A. Moskovitz bought 225,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $12.91 per share, with a total value of $2,904,750.00. Following the completion of the acquisition, the chief executive officer now owns 48,123,436 shares of the company's stock, valued at $621,273,558.76. The trade was a 0.47 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Justin Rosenstein sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $12.89, for a total transaction of $322,250.00. Following the completion of the transaction, the director now owns 922,309 shares in the company, valued at approximately $11,888,563.01. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 2,074,507 shares of company stock worth $30,025,743 and sold 739,842 shares worth $15,155,503. Company insiders own 63.97% of the company's stock.

Institutional Investors Weigh In On Asana

Large investors have recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Asana during the 4th quarter valued at $29,000. Bogart Wealth LLC bought a new stake in shares of Asana in the 4th quarter valued at approximately $61,000. SBI Securities Co. Ltd. bought a new stake in Asana in the fourth quarter worth $82,000. KBC Group NV boosted its stake in shares of Asana by 58.8% during the 4th quarter. KBC Group NV now owns 5,612 shares of the company's stock worth $114,000 after purchasing an additional 2,078 shares during the period. Finally, State of Tennessee Department of Treasury bought a new position in Asana in the 4th quarter valued at $135,000. 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.