Asana (NYSE:ASAN) Given New $14.00 Price Target at Morgan Stanley

Asana (NYSE:ASAN) had its target price boosted by Morgan Stanley from $13.00 to $14.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 4.21% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. UBS Group increased their price target on Asana from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, June 4th. Bank of America lowered their price target on Asana from $23.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, June 4th. Piper Sandler reiterated an “overweight” rating and set a $19.00 price target on shares of Asana in a report on Thursday. JPMorgan Chase & Co. increased their price target on Asana from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Wednesday, June 4th. Finally, Royal Bank Of Canada reiterated an “underperform” rating and set a $10.00 price target on shares of Asana in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.10.

Asana Stock Down 8.2%

Shares of ASAN opened at $13.44 on Thursday. Asana has a 52-week low of $11.05 and a 52-week high of $27.77. The company has a market capitalization of $3.16 billion, a PE ratio of -15.10 and a beta of 1.14. The stock has a fifty day simple moving average of $14.23 and a two-hundred day simple moving average of $15.38. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.16.

Asana (NYSE:ASAN) last released its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The business had revenue of $196.94 million for the quarter, compared to analysts’ expectations of $193.01 million. Asana had a negative return on equity of 83.00% and a negative net margin of 27.50%.The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Asana has set its Q3 2026 guidance at 0.060-0.070 EPS. FY 2026 guidance at 0.230-0.250 EPS. As a group, equities analysts forecast that Asana will post -1.09 EPS for the current year.

Insider Transactions at Asana

In related news, Director Dustin A. Moskovitz purchased 122,470 shares of Asana stock in a transaction on Thursday, August 21st. The shares were bought at an average price of $13.52 per share, with a total value of $1,655,794.40. Following the transaction, the director directly owned 57,898,436 shares of the company’s stock, valued at approximately $782,786,854.72. This trade represents a 0.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders bought 5,375,000 shares of company stock valued at $75,920,894 and sold 3,033,130 shares valued at $45,552,218. 61.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Asana

Hedge funds have recently bought and sold shares of the stock. Vident Advisory LLC acquired a new stake in Asana in the 4th quarter valued at about $460,000. Landscape Capital Management L.L.C. acquired a new stake in Asana in the 1st quarter valued at about $1,148,000. Vanguard Group Inc. raised its position in Asana by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 10,656,214 shares of the company’s stock valued at $155,261,000 after purchasing an additional 475,100 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Asana by 6.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 742,272 shares of the company’s stock valued at $10,815,000 after acquiring an additional 47,480 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of Asana in the 4th quarter valued at about $352,000. Institutional investors and hedge funds own 26.21% 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.