Asana (ASAN)

• Market cap: $2.95B
• 1 day: -3.73%
• 5 days: -25.80%
• 1 month: -46.83%
• 3 months: -46.54%
• 6 months: 6.52%
• Year to date: -34.96%
• 1 year: -20.60%
• 5 years: -55.17%
• 10 years: -55.17%
• Sector: Information Technology
• Industry: Prepackaged Software

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: 1,840

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

116% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 32

110% more capital invested

Capital invested by funds: $687M [Q3] → $1.44B (+$754M) [Q4]

36% more call options, than puts

Call options by funds: $75M | Put options by funds: $55.3M

19% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 57

16% more funds holding

Funds holding: 199 [Q3] → 231 (+32) [Q4]

8.18% more ownership

Funds ownership: 41.44% [Q3] → 49.61% (+8.18%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

Research analyst outlook

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

• Low target: $12 7% downside
• Avg. target: $16.27 26% upside
• High target: $25 94% upside

11 analyst ratings

• positive: 3 27%
• neutral: 7 64%
• negative: 1 9%

Morgan Stanley Josh Baer 50% 1-year accuracy 7 / 14 met price target	16% upside $15	Equal-Weight Maintained	12 Mar 2025
DA Davidson Lucky Schreiner 33% 1-year accuracy 2 / 6 met price target	7% downside $12	Neutral Maintained	11 Mar 2025
JP Morgan Pinjalim Bora 63% 1-year accuracy 40 / 64 met price target	1% upside $13	Underweight Maintained	11 Mar 2025
UBS Taylor McGinnis 25% 1-year accuracy 3 / 12 met price target	8% upside $14	Neutral Maintained	11 Mar 2025
Scotiabank Allan Verkhovski 11% 1-year accuracy 1 / 9 met price target	7% downside $12	Sector Perform Maintained	11 Mar 2025