Asana, Inc. (NYSE:ASAN – Free Report) – Analysts at Scotiabank lifted their FY2026 earnings estimates for shares of Asana in a research note issued to investors on Monday, June 9th. Scotiabank analyst A. Verkhovski now forecasts that the company will post earnings per share of ($0.65) for the year, up from their previous estimate of ($0.71). Scotiabank has a “Sector Perform” rating and a $16.50 price target on the stock. The consensus estimate for Asana’s current full-year earnings is ($1.09) per share.
A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their target price on Asana from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Wednesday, June 4th. Morgan Stanley cut their price objective on shares of Asana from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Wednesday, June 4th. Robert W. Baird boosted their price objective on shares of Asana from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. HSBC reissued a “reduce” rating and issued a $10.00 price target (down from $13.00) on shares of Asana in a report on Wednesday, June 4th. Finally, Wall Street Zen raised shares of Asana from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Asana has a consensus rating of “Hold” and an average price target of $15.97.
Asana Stock Performance
NYSE:ASAN opened at $13.80 on Thursday. The business’s fifty day moving average is $16.28 and its 200 day moving average is $18.25. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of -12.32 and a beta of 1.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. Asana has a 52-week low of $11.05 and a 52-week high of $27.77.
Asana (NYSE:ASAN – Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Asana had a negative return on equity of 86.84% and a negative net margin of 36.17%. The firm had revenue of $187.63 million for the quarter, compared to the consensus estimate of $185.40 million. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.06) earnings per share.
Insider Buying and Selling
In other news, CEO Dustin A. Moskovitz acquired 225,000 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average cost of $13.87 per share, with a total value of $3,120,750.00. Following the acquisition, the chief executive officer now owns 50,822,943 shares in the company, valued at approximately $704,914,219.41. This represents a 0.44% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Anne Raimondi sold 18,775 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $14.03, for a total value of $263,413.25. Following the completion of the sale, the chief operating officer now owns 716,580 shares of the company’s stock, valued at $10,053,617.40. The trade was a 2.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 1,849,507 shares of company stock worth $27,120,993. Corporate insiders own 61.28% of the company’s stock.
Institutional Investors Weigh In On Asana
Institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its stake in Asana by 103.0% in the third quarter. Barclays PLC now owns 165,753 shares of the company’s stock worth $1,920,000 after purchasing an additional 84,114 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Asana in the fourth quarter worth about $366,000. Savant Capital LLC purchased a new position in shares of Asana in the fourth quarter worth about $1,779,000. Bogart Wealth LLC bought a new stake in shares of Asana in the 4th quarter valued at about $61,000. Finally, Blue Trust Inc. boosted its holdings in Asana by 1,868.8% during the 4th quarter. Blue Trust Inc. now owns 20,397 shares of the company’s stock valued at $413,000 after acquiring an additional 19,361 shares during the period. Hedge funds and other institutional investors own 26.21% of the company’s stock.
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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