ASAN Stock Recent News

Asana's new CEO, Dan Rogers, comes from software startup LaunchDarkly, where he was CEO. Rogers was previously president of Rubrik and marketing chief at ServiceNow and Symantec.

SAN FRANCISCO--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN) (LTSE: ASAN), a leading enterprise work management platform for human and AI coordination, announced today that Dan Rogers will assume the role of Chief Executive Officer, effective July 21, 2025. A proven executive with extensive experience leading high-growth technology companies, Rogers will succeed Dustin Moskovitz, Asana's Co-Founder and current CEO and Chair. As announced in March, Moskovitz will transition to the role of Chair, whe.

Asana (ASAN) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Asana (ASAN -1.59%) announced its Q1 FY2026 results on June 3, 2025, achieving its first non-GAAP operating profit and delivering revenue of $187.3 million. Revenue for the software developer focused on work management services was up 9% year over year, with non-GAAP operating margin improved by more than 1,300 basis points year over year.

Guidewire stock rallied after the insurance software company reported a sharp gain in quarterly adjusted earnings.

Shares of Asana Inc ASAN tanked 17.71% at last check on Wednesday, despite the company's recent earnings beat.

Software stock Asana Inc (NYSE:ASAN) was last seen down 17.3% at $15.71, despite better-than-expected first-quarter results, as revenue growth slowed.

Asana (NYSE:ASAN) shares fell sharply following the release of its first quarter earnings report due to investor concerns about slowing revenue growth and a warning about net retention rate headwinds. For the first quarter, the work management platform's revenue increased 9% year-over-year to $187.3 million, a significant slowdown from 26% growth reported in the year-ago quarter.

I maintain a 'Hold' rating on Asana due to a lack of clear growth inflection, despite positive adjusted EBIT and early AI traction. Customer metrics remain weak: net retention rate is declining, net customer adds are soft, and overall revenue growth is slowing. AI Studio and enterprise wins show promise, but pricing pressure and cautious buyer sentiment cloud the growth outlook.

U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 0.1% on Wednesday.