Asana (ASAN)

• Market cap: $3.33B
• 1 day: -2.21%
• 5 days: -0.21%
• 1 month: -5.03%
• 3 months: -20.91%
• 6 months: -25.45%
• Year to date: -28.72%
• 1 year: -2.55%
• 5 years: -50.87%
• 10 years: -50.87%
• Sector: Technology
• Industry: Software - Application

About: Asana is a provider of collaborative work management software delivered via a cloud-based SaaS model. The firm's solution offers scalable, dynamic tools to improve the efficiency of project and process management across countless use cases, including marketing programs, managing IT approvals, and performance management. Asana's offering supports workflow management across teams, provides real time visibility into projects, and reporting and automation capabilities. The firm generates revenue via software subscriptions on a per seat basis.

Employees: 1,819

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

26% more repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 68

13% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 40

1% more funds holding

Funds holding: 228 [Q1] → 230 (+2) [Q2]

0.78% less ownership

Funds ownership: 47.04% [Q1] → 46.26% (-0.78%) [Q2]

4% less capital invested

Capital invested by funds: $1.01B [Q1] → $973M (-$39.1M) [Q2]

22% less call options, than puts

Call options by funds: $18.5M | Put options by funds: $23.8M

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $10 29% downside
• Avg. target: $16.55 17% upside
• High target: $22 55% upside

10 analyst ratings

• positive: 3 30%
• neutral: 4 40%
• negative: 3 30%

Jefferies Brent Thill	20% upside $17	Hold Maintained	4 Jun 2025
Morgan Stanley Josh Baer	8% downside $13	Underweight Maintained	4 Jun 2025
JP Morgan Pinjalim Bora	1% downside $14	Underweight Maintained	4 Jun 2025
Scotiabank Allan Verkhovski	17% upside $16.50	Sector Perform Maintained	4 Jun 2025
UBS Taylor McGinnis	27% upside $18	Neutral Maintained	4 Jun 2025