Asana (NYSE:ASAN) Releases FY 2025 Earnings Guidance

Asana (NYSE:ASAN) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -0.150–0.140 for the period, compared to the consensus estimate of -0.190. The company issued revenue guidance of $723.0 million-$724.0 million, compared to the consensus revenue estimate of $720.2 million. Asana also updated its Q4 guidance to $(0.02)-$(0.01) EPS.

Analyst Ratings Changes

Several analysts have commented on the stock. Piper Sandler lowered their price objective on shares of Asana from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Citigroup reduced their target price on shares of Asana from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Oppenheimer reduced their target price on shares of Asana from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Scotiabank started coverage on shares of Asana in a research note on Monday, November 18th. They issued a “sector perform” rating and a $15.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of Asana from $15.00 to $13.00 and set an “underweight” rating for the company in a research note on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $14.27.

Asana Stock Performance

NYSE:ASAN traded down $0.37 during trading hours on Thursday, reaching $15.46. The company had a trading volume of 4,349,797 shares, compared to its average volume of 1,997,256. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.14. Asana has a 52 week low of $11.05 and a 52 week high of $21.55. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of -13.54 and a beta of 1.22. The firm’s 50 day moving average price is $13.09 and its 200-day moving average price is $13.24.

Asana (NYSE:ASAN) last posted its earnings results on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. Asana had a negative net margin of 37.73% and a negative return on equity of 81.88%. The business had revenue of $179.21 million during the quarter, compared to the consensus estimate of $177.68 million. During the same quarter in the previous year, the firm posted ($0.31) EPS. The firm’s revenue was up 10.3% on a year-over-year basis. On average, analysts forecast that Asana will post -1.14 EPS for the current year.

Insiders Place Their Bets

In other news, insider Eleanor B. Lacey sold 4,977 shares of Asana stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $11.79, for a total transaction of $58,678.83. Following the transaction, the insider now owns 370,333 shares in the company, valued at $4,366,226.07. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Anne Raimondi sold 29,807 shares of Asana stock in a transaction on Friday, September 20th. The stock was sold at an average price of $11.99, for a total transaction of $357,385.93. Following the transaction, the chief operating officer now owns 761,088 shares in the company, valued at $9,125,445.12. This represents a 3.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,092 shares of company stock valued at $527,668. Company insiders own 63.97% 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.