Asana, Inc. Class A (ASAN)

Asana's stock price experienced pressure over the past six months, reaching new 52-week lows. On December 2, 2025, Asana announced its third-quarter fiscal 2026 results, reporting revenues of $201.0 million, an increase of 9% year-over-year, and improved operating margins, despite insider selling activity. On February 10, 2026, the stock saw unusually large call options trading activity and traded near a one-year low, with continued insider selling. On March 2, 2026, Asana reported its fourth-quarter and fiscal year 2026 results, with revenue growth but missed consensus estimates, leading to a stock decline, while the board authorized an additional $160 million for share repurchases. On March 3, 2026, analysis indicated that Asana's shares were down approximately 60% over the past year, citing persistent net churn and vulnerability to AI-driven disruption. On March 9, 2026, reports highlighted that Asana topped Wall Street's expectations for revenue and EPS, attributing growth to increased AI product traction. On April 1, 2026, Royal Bank of Canada upgraded Asana's stock to a "sector perform" rating, setting a target price of $7.00. On April 7, 2026, Asana's stock reached a new 52-week low, with several firms cutting their price targets. On April 10, 2026, the stock price continued to decrease, dropping by 4.71% to $5.46.

Asana's demand is characterized by consistent growth in its core customer segments rather than explicit seasonal fluctuations. A significant portion of Asana's revenue comes from "Core customers", a segment that experienced an 11% year-over-year growth in Q4 fiscal 2025. The number of customers spending $100,000 or more annually also saw a substantial 20% increase in Q4 fiscal 2025. The dollar-based net retention rate for Core customers was 97% in Q3 fiscal 2026, indicating strong customer loyalty. Asana's customer base spans various industries, with high utilization in marketing, digital marketing, and social media sectors.

Asana, Inc. is an American software company providing a web and mobile work management platform to help teams organize, track, and manage their work. The company operates in the Software sector, specifically within the Application Software industry. Asana's platform includes features such as Goals, Timeline, Portfolios, Workload, Forms, and Automation. Key products and services also include Asana Work Graph and AI-powered offerings like AI Studio and AI Teammates. Asana also offers Asana Gov, a secure platform for government agencies and regulated industries, operating on a SaaS model.

Asana is headquartered in San Francisco, California, and has a global presence with offices in Chicago, Dublin, London, Munich, New York City, Paris, Reykjavik, Sydney, Vancouver, Tokyo, and Warsaw. The company serves over 170,000 customers globally across 190 countries, with a distributed workforce including significant presence in San Francisco, New York, Chicago, Dublin, and Sydney.

Asana has maintained a strong brand reputation within the collaborative work management space. The company was recognized as a leader in The Forrester Wave: Collaborative Work Management Tools, Q2 2025 report, and has been positioned as a leader in the 2025 Gartner Magic Quadrant for Collaborative Work Management for three consecutive years. It received a G2 award in 2025 as a leader in Work Management and OKR Software, based on over 12,000 user reviews. Asana's strategic focus on "human + AI coordination" and its investment in AI capabilities contribute positively to its reputation for innovation.

Asana's ownership structure includes institutional, insider, and retail investors. Dustin A. Moskovitz, co-founder, is the largest individual shareholder, owning approximately 26.06% of the company's shares. Justin Rosenstein, another co-founder, is also a significant individual owner. Key institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and D. E. Shaw & Co., Inc.