Asana (NYSE:ASAN) Price Target Cut to $8.00 by Analysts at Morgan Stanley

Asana (NYSE:ASAN) had its price target cut by Morgan Stanley from $14.00 to $8.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 9.59% from the company’s current price.

A number of other research firms have also weighed in on ASAN. Robert W. Baird reduced their price objective on Asana from $16.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday. Royal Bank Of Canada reduced their price target on Asana from $11.00 to $7.00 and set an “underperform” rating for the company in a report on Tuesday. KeyCorp dropped their price target on shares of Asana from $18.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday. DA Davidson reduced their price objective on shares of Asana from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, December 3rd. Finally, BTIG Research initiated coverage on Asana in a report on Tuesday, December 16th. They issued a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.18.

Asana Price Performance

Shares of NYSE:ASAN remained flat at $7.30 during midday trading on Tuesday. 6,136,331 shares of the stock were exchanged, compared to its average volume of 5,389,438. The business has a 50-day moving average of $10.41 and a 200 day moving average of $12.62. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -7.85 and a beta of 1.01. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. Asana has a 12-month low of $6.51 and a 12-month high of $19.18.

Asana (NYSE:ASAN) last posted its quarterly earnings data on Monday, March 2nd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. Asana had a negative net margin of 28.33% and a negative return on equity of 79.80%. The business had revenue of $205.57 million for the quarter, compared to analyst estimates of $205.13 million. The company’s revenue was up 9.2% compared to the same quarter last year. On average, research analysts predict that Asana will post -1.09 EPS for the current year.

Insider Activity

In other Asana news, CFO Sonalee Elizabeth Parekh sold 83,656 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $14.31, for a total transaction of $1,197,117.36. Following the sale, the chief financial officer owned 993,037 shares of the company’s stock, valued at approximately $14,210,359.47. This trade represents a 7.77% 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 76,093 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $14.47, for a total transaction of $1,101,065.71. Following the sale, the chief operating officer owned 764,178 shares of the company’s stock, valued at $11,057,655.66. This represents a 9.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,127,448 shares of company stock worth $16,825,400. 61.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. 180 Wealth Advisors LLC grew its stake in shares of Asana by 6.8% during the 4th quarter. 180 Wealth Advisors LLC now owns 12,489 shares of the company’s stock worth $171,000 after purchasing an additional 798 shares during the period. Vident Advisory LLC increased its holdings in Asana by 4.3% in the third quarter. Vident Advisory LLC now owns 22,527 shares of the company’s stock valued at $301,000 after buying an additional 930 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Asana by 3.6% during the 3rd quarter. Blue Trust Inc. now owns 27,606 shares of the company’s stock worth $369,000 after acquiring an additional 968 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Asana by 13.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,533 shares of the company’s stock valued at $129,000 after purchasing an additional 1,115 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Asana by 7.8% in the 4th quarter. ProShare Advisors LLC now owns 16,412 shares of the company’s stock valued at $225,000 after purchasing an additional 1,188 shares in the last quarter. 26.21% of the stock is owned by hedge funds and other institutional investors.

Key Asana News

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Q4 results beat expectations: $0.08 EPS vs $0.07 consensus and revenue $205.6M (up 9.2% y/y); operating income swung to profit — supports improving profitability story. Asana Q4 Results
• Positive Sentiment: KeyCorp kept an overweight rating and a $15 target (down from $18) — still implies large upside, signaling some analysts remain constructive on recovery potential. Benzinga: KeyCorp Note
• Positive Sentiment: Management highlights AI expansion and platform progress (including AWS UAE region expansion) that underpin long-term TAM and product differentiation. Yahoo: AI Expansion
• Positive Sentiment: Asana appointed Aziz Megji as CFO (effective March 24), a continuity promotion from FP&A that should ease transition risk on finance and planning. BusinessWire: CFO Appointment
• Neutral Sentiment: FY27 and Q1 EPS guidance was essentially in line (Q1 EPS 0.070–0.080 vs 0.070 est; FY EPS 0.360–0.370 vs 0.360 est) — shows stability on profitability targets but limits upside surprise potential. Seeking Alpha: Guidance
• Neutral Sentiment: Piper Sandler and Robert W. Baird both cut price targets to $9 (Piper remains overweight; Baird to neutral) — reduces measured upside but keeps some analyst support. Benzinga: Piper / Baird Notes
• Negative Sentiment: Royal Bank of Canada cut its target to $7 and moved to an “underperform” rating — a clear near-term negative signal and likely contributor to the share weakness. Benzinga: RBC Cut

Asana Company Profile

Asana, Inc (NYSE: ASAN) is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana’s platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company’s cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.

Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.