Asana Inc is a work management platform designed to help teams organize, track, and manage their projects and tasks efficiently
By providing a user-friendly interface, Asana facilitates collaboration and communication among team members, making it easier to monitor progress, set deadlines, and share files. The platform integrates with various tools and apps, enabling seamless workflow management and enhancing productivity within organizations of all sizes. With a focus on improving team performance and accountability, Asana empowers users to prioritize their work and achieve their goals more effectively.
Work management software maker Asana (NYSEASAN) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 10% year on year to $188.3 million. On the other hand, the company’s full-year revenue guidance of $786 million at the midpoint came in 2.1% below analysts’ estimates. Its non-GAAP loss of $0 per share was $0.01 above analysts’ consensus estimates.
Asana, Inc. (NYSEASAN)(LTSE: ASAN), a leading enterprise work management platform, today reported financial results for its fourth quarter and fiscal year ended January 31, 2025.
Asana, Inc. (NYSEASAN) (LTSE: ASAN), a leading enterprise work management platform, today announced that Dustin Moskovitz, Co-Founder, CEO and Chair of Asana, has informed the Board of Directors of his intention to transition to the role of Chair when a new CEO begins. The Asana Board has retained a leading executive search firm to execute a search for the company’s next CEO. Moskovitz will remain CEO until a successor begins and intends to maintain his shareholdings in Asana, reflective of his view that the company is positioned for long-term growth.
Stocks extended last week's losses on Monday as concerns over the U.S. economy continue to weigh on the market. The Nasdaq 100 saw the steepest declines, with Tesla, Inc. (NASDAQTSLA) and Palantir Technologies, Inc.
All three major indices were red in Friday’s midday trading, with the S&P 500 and Nasdaq 100 down 1% and 1.24%, respectively, and on track for their worst weeks since September 2024.
Shares of work management software maker Asana (NYSEASAN)
fell 8.4% in the morning session as markets continued to struggle following the broad selloff triggered by weak economic data in the previous week. On Friday, February 21, 2025, the S&P 500 dropped 1.7%, and the Nasdaq fell 2.2% after PMI numbers showed the U.S. services sector contracted, and the University of Michigan's consumer sentiment index came in below expectations.
Shares of work management software maker Asana (NYSEASAN)
jumped 8.2% in the afternoon session after peer, Monday.com reported impressive fourth-quarter results that blew past Wall Street's expectations for some of the key metrics we track, including sales, profits, and EPS (profits on a per-share basis). The company's net revenue retention rate improved, and its sales guidance for the next quarter exceeded forecasts. MNDY's strong performance suggests sustained demand for project management software, which could also benefit competitors like Asana.
Asana, Inc. (NYSEASAN)(LTSE: ASAN), a leading enterprise work management platform, announced today that it will release financial results for the fourth quarter and fiscal year 2025 on Monday, March 10, after the close of the U.S. markets.
Shares of work management software maker Asana (NYSEASAN)
jumped 9% in the morning session as the major indices soared (Nasdaq +1.9%, S&P 500 +1.6%) after the Bureau of Labor Statistics reported that core CPI (Consumer Price Index - a measure of inflation which strips out volatile food and energy prices) for December 2024 came in better than expected, rising 3.2% year over year, compared to the consensus estimate for a 3.3% increase. This means that PPI and CPI both came in slightly below expectations. It is important because the results take additional rate hikes off the table, which some investors and market participants were beginning to whisper about.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the project management software industry, including Atlassian (NASDAQTEAM) and its peers.
Shares of work management software maker Asana (NYSEASAN)
jumped 9.2% in the morning session after Piper Sandler analyst Brent Bracelin upgraded the stock's rating from Neutral to Overweight (Buy) and raised the price target from $19 to $27. The upgrade was based on "the company's stabilization, cost management, and promising AI innovations."
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how project management software stocks fared in Q3, starting with Smartsheet (NYSESMAR).
Shares of work management software maker Asana (NYSEASAN)
fell 5.1% in the morning session after the major indices declined sharply (Nasdaq down 1.9%, S&P 500 down 1.1%) as investors appeared to be locking in some gains in a year marked by significant progress in the Fed's effort to deliver a soft landing—taming inflation without causing more damage to the economy—despite early signs of weakness in the labor market.
Let’s dig into the relative performance of Monday.com (NASDAQMNDY) and its peers as we unravel the now-completed Q3 project management software earnings season.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how project management software stocks fared in Q3, starting with Asana (NYSEASAN).
