Asana Inc. (ASAN) Stock Falls on Q4 2026 Earnings

Asana Inc. (ASAN) reported Q4 2026 results with revenue growth but continued losses on the income statement.

Total revenue: $205.6 million, up 9.2% year‑over‑year.

Gross profit: $180.6 million, up 7.0% year‑over‑year.

Operating loss: $34.0 million, a deterioration of 46.6% year‑over‑year.

Net loss attributable to common shareholders: $32.2 million, down 48.3% year‑over‑year.

Diluted EPS: -0.14 per share, down 48.2% year‑over‑year.

Results came in below expectations: revenue missed the consensus of $209.2 million, and diluted EPS fell short of the estimate of 0.0717 per share.

Cash from operating activities: $27.6 million, up 74.0% year‑over‑year.

Capital expenditures (purchases of property, plant and equipment): $1.2 million, down 21.1% year‑over‑year.

Cash and cash equivalents: $199.8 million, up 8.2% year‑over‑year.

Cost of sales: $25.0 million, up 27.6% year‑over‑year.

Total liabilities: $690.0 million, up 3.9% year‑over‑year.

Market reaction: the stock moved down 7.89% since market close following the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Asana Inc. Insider Trading Activity

Asana Inc. insiders have traded $ASAN stock on the open market 21 times in the past 6 months. Of those trades, 0 have been purchases and 21 have been sales.

Here’s a breakdown of recent trading of $ASAN stock by insiders over the last 6 months:

JUSTIN ROSENSTEIN has made 0 purchases and 7 sales selling 3,000,000 shares for an estimated $45,410,334.
SONALEE ELIZABETH PAREKH (Chief Financial Officer) has made 0 purchases and 4 sales selling 366,894 shares for an estimated $5,208,852.
ELEANOR B LACEY (GC, Corporate Secretary) has made 0 purchases and 5 sales selling 231,316 shares for an estimated $3,367,163.
ANNE RAIMONDI (Chief Operating Officer) has made 0 purchases and 5 sales selling 188,482 shares for an estimated $2,710,013.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Asana Inc. Hedge Fund Activity

We have seen 123 institutional investors add shares of Asana Inc. stock to their portfolio, and 145 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JUPITER ASSET MANAGEMENT LTD added 1,204,232 shares (+705.6%) to their portfolio in Q4 2025, for an estimated $16,510,020
TWO SIGMA ADVISERS, LP added 1,194,200 shares (+588.6%) to their portfolio in Q4 2025, for an estimated $16,372,482
POINT72 ASSET MANAGEMENT, L.P. added 1,030,919 shares (+inf%) to their portfolio in Q4 2025, for an estimated $14,133,899
GOLDMAN SACHS GROUP INC added 977,107 shares (+53.8%) to their portfolio in Q4 2025, for an estimated $13,396,136
TWO SIGMA INVESTMENTS, LP added 842,258 shares (+102.0%) to their portfolio in Q4 2025, for an estimated $11,547,357
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 722,894 shares (-76.3%) from their portfolio in Q4 2025, for an estimated $9,910,876
MARSHALL WACE, LLP added 689,546 shares (+35.1%) to their portfolio in Q4 2025, for an estimated $9,453,675

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Asana Inc. Government Contracts

We have seen $9,000 of award payments to $ASAN over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

PROJECT MANAGEMENT SOFTWARE: $9,000

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

Asana Inc. Analyst Ratings

Wall Street analysts have issued reports on $ASAN in the last several months. We have seen 3 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Piper Sandler issued a "Overweight" rating on 02/03/2026
Citigroup issued a "Buy" rating on 01/15/2026
RBC Capital issued a "Underperform" rating on 01/05/2026
Keybanc issued a "Overweight" rating on 12/15/2025

To track analyst ratings and price targets for Asana Inc., check out Quiver Quantitative's $ASAN forecast page.

Asana Inc. Price Targets

Multiple analysts have issued price targets for $ASAN recently. We have seen 9 analysts offer price targets for $ASAN in the last 6 months, with a median target of $15.0.

Here are some recent targets:

Brent Thill from Jefferies set a target price of $8.0 on 02/23/2026
Brent Bracelin from Piper Sandler set a target price of $14.0 on 02/03/2026
Steven Enders from Citigroup set a target price of $16.0 on 01/15/2026
Rishi Jaluria from RBC Capital set a target price of $11.0 on 01/05/2026
Jackson Ader from Keybanc set a target price of $18.0 on 12/15/2025
Lucky Schreiner from DA Davidson set a target price of $15.0 on 12/04/2025
Taylor McGinnis from UBS set a target price of $16.0 on 12/03/2025