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Asana (ASAN) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Asana's 2024 results showed mixed performance, with 11% sales growth and positive free cash flow, but a soft net retention rate at 96%. CEO Dustin Moskovitz's retirement announcement triggered negative sentiment, but he remains board chair, focusing on AI strategy, which could benefit long term. Asana's 2025 growth projection of 10% is disappointing compared to competitors like monday.com, highlighting ongoing struggles in top and bottom-line competition.
Asana Inc's ASAN stock plunged after multiple Wall Street firms cut their respective price targets.
Asana stock sinks on a disappointing outlook and news of the CEO's retirement.
U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Tuesday's.
Asana, Inc. (NYSE:ASAN ) Q4 2025 Earnings Conference Call March 10, 2025 4:30 PM ET Company Participants Eva Leung - Head of Investor Relations Dustin Moskovitz - Co Founder, President, CEO & Chair Anne Raimondi - COO & Head of Business Sonalee Parekh - CFO and Head of Finance Conference Call Participants Pinjalim Bora - JP Morgan Michael Funk - Bank of America Rob Oliver - Baird Brent Bracelin - Piper Sandler Steve Enders - Citi Arsenije Matovic - Wolfe Research Brent Thill - Jefferies Operator Thank you for standing by. And welcome to Asana's Fourth Quarter and Fiscal Year 2025 Earnings Conference Call.
Dustin Moskovitz is retiring from Asana, the software company he founded in 2008.
Asana, Inc. (ASAN) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.04 per share a year ago.
Dustin Moskovitz, the CEO of Asana and one of the original co-founders of Facebook, will retire from the enterprise software company. Asana announced Moskovitz's retirement on Monday as part of the company's fourth-quarter earnings report, and its board has retained an executive search firm to help choose a new CEO.