Asana (NYSE:ASAN) Issues Q2 2027 Earnings Guidance

29 May 2026, 09:56 by Scott Moore · The Cerbat Gem

Asana (NYSE:ASAN – Get Free Report) updated its second quarter 2027 earnings guidance on Thursday. The company provided EPS guidance of 0.080-0.090 for the period, compared to the consensus EPS estimate of 0.040. The company issued revenue guidance of $213.0 million-$215.0 million, compared to the consensus revenue estimate of $212.0 million. Asana also updated its FY 2027 guidance to 0.370-0.370 EPS.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ASAN. Royal Bank Of Canada upgraded Asana from an “underperform” rating to a “sector perform” rating and set a $7.00 price target on the stock in a report on Wednesday, April 1st. Robert W. Baird lowered their price target on Asana from $16.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Wall Street Zen cut Asana from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 19th. HSBC set a $8.00 price target on Asana in a report on Friday, February 13th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Asana in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Asana currently has an average rating of “Hold” and a consensus target price of $12.32.

Get Our Latest Analysis on ASAN

Asana Trading Up 4.3%

Shares of ASAN opened at $6.68 on Friday. The firm has a market capitalization of $1.59 billion, a P/E ratio of -8.35 and a beta of 0.95. The stock’s fifty day simple moving average is $6.31 and its 200 day simple moving average is $9.39. Asana has a twelve month low of $5.38 and a twelve month high of $19.00.

Asana (NYSE:ASAN – Get Free Report) last issued its earnings results on Thursday, May 28th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $205.10 million for the quarter, compared to analyst estimates of $203.58 million. Asana had a negative return on equity of 77.05% and a negative net margin of 23.90%.The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted $0.05 EPS. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q2 2027 guidance at 0.080-0.090 EPS. Sell-side analysts predict that Asana will post -0.53 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Veronica Sosa sold 6,479 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $6.65, for a total value of $43,085.35. Following the completion of the sale, the chief accounting officer directly owned 73,722 shares in the company, valued at approximately $490,251.30. This represents a 8.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katie Marie Colendich sold 7,304 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $7.42, for a total value of $54,195.68. Following the completion of the sale, the insider owned 108,214 shares of the company’s stock, valued at approximately $802,947.88. This represents a 6.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 70,226 shares of company stock valued at $472,065. 61.28% of the stock is currently owned by company insiders.

More Asana News

Here are the key news stories impacting Asana this week:

Positive Sentiment: Asana beat Wall Street estimates for Q1, reporting adjusted EPS of $0.10 versus the $0.08 consensus and revenue of about $205.1 million, which was also slightly ahead of expectations. Asana Announces First Quarter Fiscal 2027 Results
Positive Sentiment: Management raised its outlook, guiding Q2 fiscal 2027 EPS to $0.08-$0.09 and full-year EPS to $0.37, both well above analyst forecasts, while revenue guidance also came in modestly above consensus. Asana Announces First Quarter Fiscal 2027 Results
Positive Sentiment: Asana completed its acquisition of Stack AI, a no-code AI workflow platform, which could strengthen its product offering and support its push to become an AI-native workplace platform. Asana Acquires StackAI, Adding Cross-System Execution for Human-Agent Teams
Neutral Sentiment: Investors are also parsing the earnings call transcript for details on margins, AI monetization, and execution after the quarter’s mixed profitability picture. Asana (ASAN) Q1 2027 Earnings Transcript
Negative Sentiment: Despite the beat, Asana still posted a net loss and negative operating margin, so investors may remain cautious about how quickly the company can translate growth and AI initiatives into sustained profitability. Asana’s Q1 results surpass estimates; completes acquisition of StackAI

Institutional Trading of Asana

Large investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of Asana during the fourth quarter valued at about $50,000. Daiwa Securities Group Inc. grew its stake in shares of Asana by 64.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,371 shares of the company’s stock valued at $59,000 after acquiring an additional 1,706 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Asana during the second quarter valued at about $90,000. Creative Planning acquired a new stake in shares of Asana during the third quarter valued at about $141,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Asana during the fourth quarter valued at about $146,000. 26.21% of the stock is currently owned by institutional investors and hedge funds.

Asana Company Profile

(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.

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.