DA Davidson Forecasts Strong Price Appreciation for Asana (NYSE:ASAN) Stock

Asana (NYSE:ASAN) had its target price boosted by DA Davidson from $13.00 to $20.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s price objective would indicate a potential downside of 9.87% from the company’s previous close. DA Davidson also issued estimates for Asana’s Q4 2025 earnings at ($0.26) EPS.

Several other equities research analysts also recently commented on ASAN. Morgan Stanley lifted their price objective on Asana from $14.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday. Bank of America reduced their price target on shares of Asana from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Royal Bank of Canada restated an “underperform” rating and set a $10.00 price objective on shares of Asana in a research report on Friday. JPMorgan Chase & Co. lifted their target price on shares of Asana from $13.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday. Finally, JMP Securities increased their price target on Asana from $21.00 to $25.00 and gave the company a “market outperform” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $16.53.

Asana Stock Performance

Shares of ASAN opened at $22.19 on Friday. The company has a market cap of $5.06 billion, a price-to-earnings ratio of -19.81 and a beta of 1.22. The business’s fifty day simple moving average is $13.37 and its two-hundred day simple moving average is $13.30. Asana has a 12 month low of $11.05 and a 12 month high of $22.54. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.14.

Insider Activity

In other news, COO Anne Raimondi sold 29,807 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $11.99, for a total value of $357,385.93. Following the completion of the transaction, the chief operating officer now owns 761,088 shares of the company’s stock, valued at $9,125,445.12. This represents a 3.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Eleanor B. Lacey sold 9,308 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $11.99, for a total value of $111,602.92. Following the sale, the insider now owns 375,310 shares of the company’s stock, valued at $4,499,966.90. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,092 shares of company stock valued at $527,668 in the last ninety days. Corporate insiders own 63.97% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASAN. Headlands Technologies LLC lifted its stake in Asana by 327.9% in the 2nd quarter. Headlands Technologies LLC now owns 2,897 shares of the company’s stock worth $41,000 after purchasing an additional 2,220 shares in the last quarter. KBC Group NV increased its holdings in shares of Asana by 52.1% in the third quarter. KBC Group NV now owns 3,534 shares of the company’s stock worth $41,000 after purchasing an additional 1,211 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Asana in the third quarter worth about $43,000. Redwood Wealth Management Group LLC purchased a new stake in shares of Asana in the second quarter worth about $65,000. Finally, Daiwa Securities Group Inc. boosted its stake in Asana by 26.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,983 shares of the company’s stock valued at $70,000 after buying an additional 1,028 shares during the last quarter. 26.21% of the stock is currently owned by institutional investors.

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.