Reading ASAN? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
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Track ASAN free→NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-06-15
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and earnings quality cannot be assessed as the company was unprofitable over the past year. Management's recent track record has been fairly steady, and it has a capital-friendly stance. Risk is elevated, but the sector backdrop is a tailwind, with ASAN's valuation priced roughly in line with peers, though recent financials or earnings quality are weakening. Peer multiples imply a price about 5% above where it trades (it looks cheap on this basis); the read is fair, but weakening. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 6 valuation methods, at three horizons. Current price $7.44. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $7.44 ASAN trades at 23× p/e, in line with its 21× p/e peer median. Our $7.86 fair value reflects that, high confidence. Analysts: $7.00–$8.00. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 5% below a flat-multiple fair value, below our forecast of about 12%. This describes what's priced in, not a forecast of the move.
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated neutral grew net income 54% of the time over the next year (vs 68% for the rest of the cohort, n=3704).
Over the trailing year it converted -0.76x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates.
9 material management or governance events in the past 24 months, led by executive changes. Historically, Information Technology names rated neutral grew net income 64% of the time over the next year (vs 57% for the rest of the cohort, n=1040).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.09 → $0.09 (+0.6% / 30d). 4 raised, 4 cut, 14 covering analysts.
0 upgrades, 0 downgrades / 30d, 6 maintained. 33% of analysts rate Buy.
3 PT revisions / 30d. Avg target 6.1% above current price.
1 positive, 0 negative / 30d. See F4 management tile for the event list.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Met or beat guidance 100% of the last 1 guided quarters · 42.9% avg surprise
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$268.
How much price usually moves either way.
On a bad day, this stock has moved -$630.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $6,443.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: If sector growth slows, it may hurt Asana's performance. This could signal a broader issue.
Confirms:Sector revenue growth falls below its median rate, indicating a slowdown.
Disproves:Sector revenue growth is above the median. This suggests it is still strong.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for ASAN yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
and in the accompanying Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$7.00 – $8.00 (median $8.00) · 5 analysts · as of 2026-05-29
Roughly priced in line with peers.
Self-history needs ~20 months of data.
Trailing four: 2026-Q1, 2026-Q2, 2026-Q3, 2027-Q1
A side-by-side read on sector standing, valuation, and risk versus Application Software.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
ASAN Asana, Inc. | Typical Show detailsSector percentile: 42 of 100 | fair | elevated |
ORCL Oracle Corporation | Typical Show detailsSector percentile: 66 of 100 | expensive | elevated |
PLTR Palantir Technologies | Above typical Show detailsSector percentile: 82 of 100 | expensive | elevated |
SAP SAP SE | — | — | elevated |
APP AppLovin | Typical Show detailsSector percentile: 60 of 100 | expensive | elevated |
Not investment advice. As of 2026-06-15.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Asana aims to achieve a non-GAAP net income per share of $0.37 for fiscal year 2027.
Stated in 2 of last 2 quarters. Asana has set a target of $0.37 non-GAAP EPS for FY 2027. The company has not yet achieved positive EPS, with the latest diluted EPS at -$0.06 in 2027-Q1. Persistent statement, limited substantive delivery so far.
“For fiscal 2027, Asana expects: Non-GAAP net income per share of $0.37.”
“For fiscal 2027, Asana expects: Non-GAAP net income per share of $0.36 to $0.37.”
Asana targets revenue growth of 8.2% to 9.2% for fiscal year 2027.
Stated in 2 of last 2 quarters. Revenue grew from $183.882M in 2025-Q3 to $205.095M in 2027-Q1, indicating progress towards the FY 2027 target of $855.5M to $863.5M. The trajectory is delivering against the stated growth target.
Asana has increased its stock repurchase program by $160 million.
Newly stated in 2026-Q1. Asana announced an increase in its stock repurchase program by $160M. This capital allocation move is aimed at enhancing shareholder value. No buyback shares were reported in the latest financials, indicating limited progress in execution so far.
“The Board approved an increase to the Company’s share repurchase program, authorizing the repurchase of up to an additional $160.0 million.”
Why it matters: The earnings report will show if Asana can improve its financial performance. Investors will focus on revenue and losses.
Confirms one read:Revenue growth exceeds 10% year over year, indicating a positive trend.
Confirms the other:Revenue growth is below 0%. This shows ongoing financial problems.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Departure of Directors Effective at the 2026 Annual Meeting of Stockholders On April 14, 2026, Mr. Matt Cohler, Mr. Adam D’Angelo, and Ms. Lorrie Norrington tendered to the Board of Directors (the “Board”) of Asana, Inc. (the “Company”) their resignations as directors of the Company, effective at the Company’s 2026 Annual Meeting of Stockholders, s…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Sonalee Parekh as Chief Financial Officer On February 26, 2026, Ms. Sonalee Parekh tendered to the Board of Directors (the “Board”) of Asana, Inc. (the “Company”) her resignation as Chief Financial Officer of the Company, effective as of March 23, 2026 (the “Separation Date”). Ms. Parekh is expected to remain in her role as Chief Fin…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Sonalee Parekh as Chief Financial Officer On February 26, 2026, Ms. Sonalee Parekh tendered to the Board of Directors (the “Board”) of Asana, Inc. (the “Company”) her resignation as Chief Financial Officer of the Company, effective as of March 23, 2026 (the “Separation Date”). Ms. Parekh is expected to remain in her role as Chief Fin…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Adoption of Incentive Bonus Plan On March 10, 2026, the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of Asana, Inc. (the “Company”) adopted the Incentive Bonus Plan (the “Incentive Bonus Plan”). The Incentive Bonus Plan allows the Company to grant incentive bonus awards, generally payable in cash (or its equivale…
“For fiscal 2027, Asana expects: Revenues of $855.5 million to $863.5 million, representing year-over-year growth of 8.2% to 9.2%.”
“For fiscal 2027, Asana expects: Revenues of $850 million to $858 million, representing year over year growth of 7.5% to 8.5%.”