Asana (ASAN) Scheduled to Release Earnings on Thursday

Asana (NYSE:ASANGet Free Report) will issue its quarterly earnings data after the market closes on Thursday, December 5th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Asana (NYSE:ASANGet Free Report) last posted its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. Asana had a negative net margin of 37.73% and a negative return on equity of 81.88%. The firm had revenue of $179.21 million during the quarter, compared to analyst estimates of $177.68 million. During the same period in the previous year, the business posted ($0.31) EPS. Asana’s revenue was up 10.3% on a year-over-year basis. On average, analysts expect Asana to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Asana Stock Performance

ASAN opened at $15.15 on Thursday. Asana has a twelve month low of $11.05 and a twelve month high of $23.44. The stock has a market cap of $3.46 billion, a PE ratio of -13.17 and a beta of 1.13. The business’s 50 day moving average is $12.76 and its 200-day moving average is $13.25. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.14.

Wall Street Analysts Forecast Growth

ASAN has been the subject of a number of research reports. Royal Bank of Canada reaffirmed an “underperform” rating and set a $10.00 price target on shares of Asana in a research note on Wednesday, October 23rd. Piper Sandler decreased their target price on Asana from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Robert W. Baird lowered their target price on Asana from $20.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Bank of America cut their price target on shares of Asana from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Finally, UBS Group reduced their price objective on shares of Asana from $17.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Asana presently has a consensus rating of “Hold” and a consensus target price of $14.27.

Check Out Our Latest Stock Analysis on ASAN

Insider Transactions at Asana

In related news, COO Anne Raimondi sold 29,807 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $11.99, for a total value of $357,385.93. Following the completion of the sale, the chief operating officer now directly owns 761,088 shares in the company, valued at approximately $9,125,445.12. This represents a 3.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Eleanor B. Lacey sold 4,977 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $11.79, for a total transaction of $58,678.83. Following the transaction, the insider now directly owns 370,333 shares in the company, valued at $4,366,226.07. The trade was a 1.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,092 shares of company stock valued at $527,668. 63.97% of the stock is owned by insiders.

Asana Company Profile

(Get Free Report)

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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Earnings History for Asana (NYSE:ASAN)

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