DA Davidson Cuts Asana (NYSE:ASAN) Price Target to $12.00

Asana (NYSE:ASAN) had its price objective lowered by DA Davidson from $20.00 to $12.00 in a report published on Tuesday morning,Benzinga reports. DA Davidson currently has a neutral rating on the stock. DA Davidson also issued estimates for Asana’s Q1 2026 earnings at ($0.22) EPS, FY2026 earnings at ($0.70) EPS and FY2027 earnings at ($0.60) EPS.

A number of other equities analysts have also recently issued reports on the stock. Jefferies Financial Group cut their target price on shares of Asana from $19.00 to $15.00 and set a “hold” rating on the stock in a report on Tuesday. KeyCorp upgraded shares of Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 price target on the stock in a research note on Friday, December 6th. Citigroup raised their price target on shares of Asana from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. dropped their price target on shares of Asana from $15.00 to $13.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, JMP Securities raised their price objective 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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.87.

Asana Stock Performance

Shares of ASAN stock opened at $12.88 on Tuesday. 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 one year low of $11.05 and a one year high of $27.77. The company’s 50-day simple moving average is $20.12 and its 200-day simple moving average is $16.81. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of -11.50 and a beta of 1.13.

Insider Buying and Selling

In related news, Director Justin Rosenstein sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $21.67, for a total value of $4,334,000.00. Following the completion of the transaction, the director now owns 1,847,309 shares of the company’s stock, valued at approximately $40,031,186.03. This trade represents a 9.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Anne Raimondi sold 27,233 shares of the firm’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 transaction of $591,228.43. Following the completion of the transaction, the chief operating officer now directly owns 733,855 shares of the company’s stock, valued at $15,931,992.05. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 723,300 shares of company stock worth $15,161,068. Corporate insiders own 63.97% of the company’s stock.

Hedge Funds Weigh In On Asana

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASAN. GSA Capital Partners LLP acquired a new position in Asana in the 3rd quarter worth approximately $497,000. MQS Management LLC acquired a new stake in shares of Asana during the 3rd quarter valued at $141,000. KBC Group NV boosted its stake in shares of Asana by 52.1% during the 3rd quarter. KBC Group NV now owns 3,534 shares of the company’s stock valued at $41,000 after buying an additional 1,211 shares during the period. Quest Partners LLC acquired a new stake in shares of Asana during the 3rd quarter valued at $43,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Asana during the 3rd quarter valued at $603,000. Institutional investors and hedge funds 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.