Asana (NYSE:ASAN) Price Target Cut to $12.00 by Analysts at DA Davidson

Asana (NYSE:ASAN) had its price target lowered by equities researchers at DA Davidson from $20.00 to $12.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s target price would suggest a potential downside of 10.75% from the company’s current price. DA Davidson also issued estimates for Asana’s Q1 2026 earnings at ($0.22) EPS.

Several other research analysts have also commented on the company. Robert W. Baird cut their price objective on Asana from $23.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday. KeyCorp upgraded Asana from an “underweight” rating to a “sector weight” rating and set a $10.00 target price for the company in a research report on Friday, December 6th. UBS Group dropped their target price on Asana from $18.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday. Bank of America dropped their target price on Asana from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Morgan Stanley boosted their target price on Asana from $14.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Asana currently has an average rating of “Hold” and an average price target of $15.87.

Asana Stock Up 6.4 %

Shares of NYSE ASAN opened at $13.45 on Tuesday. Asana has a 12 month low of $11.05 and a 12 month high of $27.77. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of -12.00 and a beta of 1.13. The business has a 50-day moving average of $20.26 and a 200-day moving average of $16.84.

Insider Activity at Asana

In related news, COO Anne Raimondi sold 27,233 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.71, for a total transaction of $591,228.43. Following the completion of the transaction, the chief operating officer now owns 733,855 shares in the company, valued at $15,931,992.05. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Justin Rosenstein sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $19.76, for a total value of $2,964,000.00. Following the transaction, the director now owns 1,097,309 shares of the company’s stock, valued at approximately $21,682,825.84. This represents a 12.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 723,300 shares of company stock worth $15,161,068 over the last quarter. 63.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Asana

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new stake in Asana in the fourth quarter worth $29,000. KBC Group NV grew its stake in 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 period. Quest Partners LLC purchased a new stake in Asana in the third quarter worth $43,000. Bogart Wealth LLC purchased a new stake in Asana in the fourth quarter worth $61,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Asana in the fourth quarter worth $82,000. Institutional investors 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.