KeyCorp Issues Pessimistic Forecast for Asana (NYSE:ASAN) Stock Price

03 Mar 2026, 09:56 by Jessica Moore · The Cerbat Gem

Asana (NYSE:ASAN – Get Free Report) had its target price reduced by equities researchers at KeyCorp from $18.00 to $15.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 105.20% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. BTIG Research initiated coverage on shares of Asana in a research report on Tuesday, December 16th. They set a “neutral” rating for the company. Wall Street Zen raised Asana from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Piper Sandler decreased their price target on Asana from $14.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday. Citigroup raised shares of Asana from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Thursday, January 15th. Finally, HSBC set a $8.00 target price on shares of Asana in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.89.

Get Our Latest Research Report on ASAN

Asana Stock Performance

Shares of ASAN opened at $7.31 on Tuesday. The stock has a 50-day moving average of $10.41 and a two-hundred day moving average of $12.62. Asana has a one year low of $6.51 and a one year high of $19.56. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $1.73 billion, a P/E ratio of -7.86 and a beta of 1.01.

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

Insiders Place Their Bets

In related news, COO Anne Raimondi sold 76,093 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $14.47, for a total transaction of $1,101,065.71. Following the completion of the transaction, the chief operating officer owned 764,178 shares in the company, valued at $11,057,655.66. This represents a 9.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sonalee Elizabeth Parekh sold 83,656 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 993,037 shares in the company, valued at $14,210,359.47. This represents a 7.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,127,448 shares of company stock worth $16,825,400. Company insiders own 61.28% of the company’s stock.

Hedge Funds Weigh In On Asana

A number of hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in shares of Asana in the third quarter valued at approximately $27,000. Jones Financial Companies Lllp grew its holdings in shares of Asana by 137.7% during the third quarter. Jones Financial Companies Lllp now owns 2,463 shares of the company’s stock worth $34,000 after buying an additional 1,427 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Asana by 119.7% in the third quarter. Farther Finance Advisors LLC now owns 2,553 shares of the company’s stock valued at $34,000 after buying an additional 1,391 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Asana in the fourth quarter worth about $50,000. Finally, Daiwa Securities Group Inc. boosted its position in Asana by 64.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock worth $59,000 after acquiring an additional 1,706 shares during the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

Asana News Summary

Here are the key news stories impacting Asana this week:

Positive Sentiment: Q4 results beat consensus — Asana reported $0.08 EPS vs. $0.07 consensus and $205.6M revenue (up 9.2% YoY); management highlighted improving profitability. Asana Announces Fourth Quarter and Fiscal Year 2026 Results
Positive Sentiment: Company sets FY‑27 revenue target of up to $858M and is expanding its AI platform (including geographic expansion), signaling growth initiatives tied to AI products. Asana outlines FY ’27 revenue target of up to $858M while expanding AI platform and appoints new CFO
Positive Sentiment: Leadership continuity: Asana promoted Aziz Megji to CFO effective March 24, which reduces near‑term exec uncertainty and keeps financial planning in‑house. Asana to Appoint Aziz Megji to the Role of Chief Financial Officer
Neutral Sentiment: Management commentary and the earnings call provide additional color on AI product rollout and margin improvement; read the transcript/highlights for details on execution and assumptions. Asana Inc (ASAN) Q4 2026 Earnings Call Highlights
Positive Sentiment: Product expansion: Asana is expanding its AI work platform to new regions (AWS UAE), which may help international growth and enterprise adoption. How Investors Are Reacting To Asana (ASAN) Expanding AI Work Platform To AWS UAE Region
Negative Sentiment: Analysts cut price targets — Piper Sandler lowered its target from $14 to $9 (still overweight) and Robert W. Baird cut from $16 to $9 (now neutral); lower targets signal reduced near‑term upside expectations and likely contributed to selling pressure. Benzinga coverage of analyst price target changes
Negative Sentiment: Market reaction: some coverage notes the stock fell despite in‑line/beat results, reflecting investor concerns about growth sustainability and whether improved profitability is durable. Asana (NYSE:ASAN) Reports Q4 CY2025 In Line With Expectations But Stock Drops
Negative Sentiment: Investor debate on long‑term growth: analysis pieces argue that stabilizing profitability doesn’t resolve the longer‑term growth trajectory, a theme that may keep valuation multiples depressed until revenue acceleration is clearer. Asana: Stabilizing Profitability Doesn’t Solve The Long-Term Growth Question

About Asana

(Get Free Report)

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.