What is DA Davidson’s Forecast for Asana FY2026 Earnings?

Asana, Inc. (NYSE:ASAN) – Analysts at DA Davidson boosted their FY2026 earnings estimates for Asana in a research note issued to investors on Tuesday, March 11th. DA Davidson analyst L. Schreiner now forecasts that the company will post earnings of ($0.70) per share for the year, up from their previous estimate of ($0.99). DA Davidson currently has a “Neutral” rating and a $12.00 target price on the stock. The consensus estimate for Asana’s current full-year earnings is ($1.09) per share. DA Davidson also issued estimates for Asana’s FY2027 earnings at ($0.60) EPS.

A number of other equities analysts also recently commented on the stock. JMP Securities boosted their price objective on shares of Asana from $21.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Friday, December 6th. Robert W. Baird reduced their price objective on shares of Asana from $23.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday. Bank of America reduced their price objective on shares of Asana from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday. Morgan Stanley reduced their price objective on shares of Asana from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Jefferies Financial Group reduced their price objective on shares of Asana from $19.00 to $15.00 and set a “hold” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.87.

Asana Stock Performance

Asana stock opened at $12.88 on Thursday. The company has a 50 day moving average price of $20.12 and a 200-day moving average price of $16.81. 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 fifty-two week low of $11.05 and a fifty-two week high of $27.77. The company has a market capitalization of $2.95 billion, a PE ratio of -11.50 and a beta of 1.13.

Institutional Investors Weigh In On Asana

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of Asana by 105.6% during the third quarter. JPMorgan Chase & Co. now owns 832,598 shares of the company’s stock valued at $9,650,000 after buying an additional 427,576 shares during the last quarter. XTX Topco Ltd acquired a new position in Asana during the third quarter valued at $538,000. Neo Ivy Capital Management lifted its position in Asana by 195.1% during the third 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 period. Friedenthal Financial acquired a new position in Asana during the fourth quarter valued at $762,000. Finally, Intech Investment Management LLC acquired a new position in Asana during the third quarter valued at $456,000. 26.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Anne Raimondi sold 27,233 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $21.71, for a total transaction of $591,228.43. Following the sale, the chief operating officer now directly owns 733,855 shares of the company’s stock, valued at $15,931,992.05. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Justin Rosenstein sold 200,000 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $21.67, for a total transaction of $4,334,000.00. Following the sale, the director now directly owns 1,847,309 shares in the company, valued at $40,031,186.03. This trade represents a 9.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 723,300 shares of company stock valued at $15,161,068 over the last ninety days. 63.97% of the stock is currently owned by insiders.

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.