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

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

A number of other brokerages have also issued reports on ASAN. Robert W. Baird decreased their price target on Asana from $23.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday. Morgan Stanley decreased their target price on Asana from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday. Royal Bank of Canada reaffirmed an “underperform” rating and set a $10.00 target price on shares of Asana in a research report on Friday, December 6th. Jefferies Financial Group decreased their target price on Asana from $19.00 to $15.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, UBS Group decreased their target price on Asana from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday. Two research 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.87.

Asana Price Performance

Shares of ASAN stock opened at $13.45 on Wednesday. Asana has a 52-week low of $11.05 and a 52-week high of $27.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $3.08 billion, a P/E ratio of -12.00 and a beta of 1.13. The stock has a 50 day moving average price of $20.26 and a 200 day moving average price of $16.84.

Insider Buying and Selling

In related news, COO Anne Raimondi sold 27,233 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.71, for a total transaction of $591,228.43. Following the transaction, the chief operating officer now directly owns 733,855 shares in the company, valued at $15,931,992.05. The trade was a 3.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Justin Rosenstein sold 150,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $19.76, for a total value of $2,964,000.00. Following the transaction, the director now owns 1,097,309 shares in the company, valued at approximately $21,682,825.84. This trade represents 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 worth $15,161,068 in the last ninety days. 63.97% of the stock is owned by insiders.

Institutional Trading of Asana

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Asana by 105.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 832,598 shares of the company’s stock valued at $9,650,000 after purchasing an additional 427,576 shares during the last quarter. XTX Topco Ltd purchased a new stake in Asana during the 3rd quarter valued at about $538,000. Neo Ivy Capital Management grew its stake in Asana by 195.1% during the 3rd quarter. Neo Ivy Capital Management now owns 169,454 shares of the company’s stock valued at $1,964,000 after purchasing an additional 112,038 shares during the last quarter. Friedenthal Financial purchased a new stake in Asana during the 4th quarter valued at about $762,000. Finally, Intech Investment Management LLC purchased a new stake in Asana during the 3rd quarter valued at about $456,000. 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.