DA Davidson Forecasts Asana’s Q1 Earnings (NYSE:ASAN)

Asana, Inc. (NYSE:ASAN) – Equities research analysts at DA Davidson issued their Q1 2026 earnings per share estimates for Asana in a report released on Tuesday, March 11th. DA Davidson analyst L. Schreiner expects that the company will post earnings of ($0.22) per share for the quarter. 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.

ASAN has been the topic of several other reports. Oppenheimer boosted their target price on Asana from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. KeyCorp upgraded shares of Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 target price for the company in a research report on Friday, December 6th. Piper Sandler reduced their target price on shares of Asana from $27.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday. JMP Securities raised their target price on shares of Asana from $21.00 to $25.00 and gave the company a “market outperform” rating in a research note on Friday, December 6th. Finally, Robert W. Baird lowered their target price on shares of Asana from $23.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.87.

Asana Stock Down 3.9 %

NYSE ASAN opened at $12.88 on Wednesday. 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’s 50 day moving average is $20.12 and its two-hundred day moving average is $16.81. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of -11.50 and a beta of 1.13. Asana has a 1-year low of $11.05 and a 1-year high of $27.77.

Insider Transactions at Asana

In related news, COO Anne Raimondi sold 27,233 shares of the company’s 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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Justin Rosenstein sold 150,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $19.76, for a total value of $2,964,000.00. Following the transaction, the director now directly owns 1,097,309 shares in the company, valued at $21,682,825.84. The trade was a 12.03 % 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 valued at $15,161,068 in the last ninety days. 63.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Asana

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vise Technologies Inc. grew its position in shares of Asana by 6.5% during the fourth quarter. Vise Technologies Inc. now owns 15,809 shares of the company’s stock valued at $320,000 after purchasing an additional 959 shares in the last quarter. KBC Group NV grew its position in Asana by 52.1% in the third quarter. KBC Group NV now owns 3,534 shares of the company’s stock worth $41,000 after acquiring an additional 1,211 shares in the last quarter. Quarry LP purchased a new position in shares of Asana during the fourth quarter valued at approximately $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Asana by 5.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,218 shares of the company’s stock valued at $937,000 after acquiring an additional 2,538 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Asana by 5.7% during the fourth quarter. MetLife Investment Management LLC now owns 49,483 shares of the company’s stock valued at $1,003,000 after acquiring an additional 2,668 shares in the last quarter. 26.21% of the stock is currently owned by hedge funds and other institutional investors.

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.