Asana (NYSE:ASAN) Issues FY 2025 Earnings Guidance

Asana (NYSE:ASAN) issued an update on its FY 2025 earnings guidance on Saturday morning. The company provided EPS guidance of -0.200–0.190 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

ASAN has been the topic of several recent research reports. KeyCorp dropped their price target on shares of Asana from $12.00 to $10.00 and set an underweight rating on the stock in a research report on Wednesday. JMP Securities reduced their target price on shares of Asana from $27.00 to $21.00 and set a market outperform rating for the company in a research note on Wednesday. Bank of America cut their price target on shares of Asana from $18.00 to $16.00 and set a buy rating on the stock in a report on Wednesday. DA Davidson reiterated a neutral rating and issued a $11.00 price objective (down previously from $14.00) on shares of Asana in a research note on Wednesday. Finally, UBS Group dropped their target price on shares of Asana from $17.00 to $13.00 and set a neutral rating on the stock in a research report on Wednesday. Three equities 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $14.67.

Asana Trading Down 6.4 %

NYSE:ASAN opened at $11.78 on Friday. The company has a market cap of $2.69 billion, a P/E ratio of -10.07 and a beta of 1.16. Asana has a 1 year low of $11.29 and a 1 year high of $23.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.71 and a quick ratio of 1.71. The stock’s fifty day moving average price is $13.64 and its two-hundred day moving average price is $14.65.

Asana (NYSE:ASAN) last issued its earnings results on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. Asana had a negative return on equity of 77.48% and a negative net margin of 38.55%. The business 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 company earned ($0.31) EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. As a group, analysts expect that Asana will post -1.05 EPS for the current year.

Insider Activity at Asana

In other Asana news, CFO Tim M. Wan sold 28,856 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $11.44, for a total value of $330,112.64. Following the sale, the chief financial officer now directly owns 1,050,284 shares in the company, valued at approximately $12,015,248.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Eleanor B. Lacey sold 9,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $11.44, for a total transaction of $102,960.00. Following the completion of the transaction, the insider now owns 389,149 shares of the company’s stock, valued at $4,451,864.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tim M. Wan sold 28,856 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $11.44, for a total transaction of $330,112.64. Following the completion of the transaction, the chief financial officer now owns 1,050,284 shares in the company, valued at $12,015,248.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,443 shares of company stock valued at $1,026,976. Corporate 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.