Asana (NYSE:ASAN) Updates FY 2025 Earnings Guidance

Asana (NYSE:ASAN) updated its FY 2025 earnings guidance on Saturday. The company provided earnings per share guidance of -0.200–0.190 for the period, compared to the consensus earnings per share estimate of -0.200. The company issued revenue guidance of $719.0 million-$721.0 million, compared to the consensus revenue estimate of $722.9 million.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Citigroup dropped their price objective on shares of Asana from $15.00 to $13.00 and set a neutral rating on the stock in a report on Wednesday. Royal Bank of Canada restated an underperform rating and set a $10.00 price objective on shares of Asana in a report on Wednesday. KeyCorp dropped their price objective on shares of Asana from $12.00 to $10.00 and set an underweight rating on the stock in a report on Wednesday. UBS Group dropped their price objective on shares of Asana from $17.00 to $13.00 and set a neutral rating on the stock in a report on Wednesday. Finally, DA Davidson restated a neutral rating and set a $11.00 price objective (down from $14.00) on shares of Asana in a report on Wednesday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $14.67.

Asana Stock Down 6.4 %

Shares of ASAN stock opened at $11.78 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.13. Asana has a 1 year low of $11.29 and a 1 year high of $23.44. The firm’s fifty day moving average price is $13.64 and its two-hundred day moving average price is $14.62. The firm has a market capitalization of $2.69 billion, a P/E ratio of -10.07 and a beta of 1.16.

Asana (NYSE:ASAN) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. Asana had a negative net margin of 38.55% and a negative return on equity of 77.48%. The company had revenue of $179.21 million during the quarter, compared to the consensus estimate of $177.68 million. During the same quarter last year, the firm posted ($0.31) EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities analysts predict that Asana will post -1.05 EPS for the current fiscal year.

Insider Activity

In related news, CFO Tim M. Wan sold 28,856 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $11.44, for a total value of $330,112.64. Following the sale, the chief financial officer now owns 1,050,284 shares in the company, valued at approximately $12,015,248.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Tim M. Wan sold 28,856 shares of Asana stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $11.44, for a total transaction of $330,112.64. Following the completion of the sale, the chief financial officer now owns 1,050,284 shares of the company’s stock, valued at approximately $12,015,248.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tim M. Wan sold 5,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $15.00, for a total transaction of $75,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,063,909 shares in the company, valued at $15,958,635. The disclosure for this sale can be found here. Insiders sold a total of 84,443 shares of company stock valued at $1,026,976 in the last quarter. Company insiders own 63.97% of the company’s stock.

About Asana

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.