Asana (ASAN) to Release Earnings on Thursday

Asana (NYSE:ASAN) will be posting its quarterly earnings results after the market closes on Thursday, December 5th. Analysts expect Asana to post earnings of ($0.07) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Asana (NYSE:ASAN) last released its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $179.21 million during the quarter, compared to analysts’ expectations of $177.68 million. Asana had a negative return on equity of 81.88% and a negative net margin of 37.73%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.31) earnings per share. On average, analysts expect Asana to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Asana Stock Performance

Shares of NYSE:ASAN opened at $15.18 on Wednesday. The stock has a market capitalization of $3.46 billion, a P/E ratio of -13.20 and a beta of 1.22. Asana has a 1-year low of $11.05 and a 1-year high of $23.44. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $13.01 and a two-hundred day moving average price of $13.22.

Insider Transactions at Asana

In other Asana news, insider Eleanor B. Lacey sold 4,977 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $11.79, for a total value of $58,678.83. Following the completion of the transaction, the insider now directly owns 370,333 shares in the company, valued at approximately $4,366,226.07. This trade represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Anne Raimondi sold 29,807 shares of the stock in a transaction dated Friday, September 20th. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders have sold 44,092 shares of company stock valued at $527,668. 63.97% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ASAN shares. JPMorgan Chase & Co. dropped their price objective on Asana from $15.00 to $13.00 and set an “underweight” rating for the company in a report on Wednesday, September 4th. Robert W. Baird decreased their target price on Asana from $20.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Morgan Stanley decreased their target price on Asana from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. DA Davidson boosted their target price on Asana from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada restated an “underperform” rating and set a $10.00 target price on shares of Asana in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.27.

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.