Asana (NYSE:ASAN) Stock Price Expected to Rise, DA Davidson Analyst Says

Asana (NYSE:ASAN) had its price target boosted by investment analysts at DA Davidson from $13.00 to $20.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price target would suggest a potential downside of 9.87% from the company’s previous close. DA Davidson also issued estimates for Asana’s Q4 2025 earnings at ($0.26) EPS.

Several other brokerages have also weighed in on ASAN. Scotiabank started coverage on Asana in a report on Monday, November 18th. They issued a “sector perform” rating and a $15.00 price objective for the company. Robert W. Baird upped their price target on shares of Asana from $13.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday. UBS Group cut their price objective on shares of Asana from $17.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Oppenheimer increased their target price on Asana from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Citigroup reduced their price target on Asana from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Asana presently has a consensus rating of “Hold” and an average target price of $16.53.

Asana Stock Up 43.5 %

Shares of NYSE:ASAN opened at $22.19 on Friday. Asana has a 1 year low of $11.05 and a 1 year high of $22.54. The company has a market capitalization of $5.06 billion, a PE ratio of -19.81 and a beta of 1.22. The business has a fifty day moving average price of $13.37 and a two-hundred day moving average price of $13.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.63 and a quick ratio of 1.63.

Insider Buying and Selling

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

Hedge Funds Weigh In On Asana

A number of institutional investors have recently bought and sold shares of ASAN. Geode Capital Management LLC increased its stake in shares of Asana by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,863,703 shares of the company’s stock valued at $21,605,000 after purchasing an additional 12,055 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Asana during the 2nd quarter valued at approximately $17,100,000. Cubist Systematic Strategies LLC purchased a new position in Asana during the second quarter valued at $5,169,000. Holocene Advisors LP boosted its holdings in Asana by 62.2% in the third quarter. Holocene Advisors LP now owns 305,167 shares of the company’s stock worth $3,537,000 after acquiring an additional 116,998 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Asana in the second quarter worth $3,159,000. 26.21% of the stock is 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.