ASAN
Asana, Inc.
ASAN
9.14USD
+6.03%
Oct 06, 2026
Price
Loading price history…
Price Action
Constructive pullback in an uptrend
Longer-term context reads early recovery, with a near-term setup of constructive pullback.
The setup is constructive, but the underlying structure is still poor.
EntryReset + recovery
The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.
Key Financials
- Market Cap
- $2.1B
- Avg Volume (60D)
- 6.7M
- Revenue Growth YoY
- +9.2%
- Gross Margin
- +87.6%
- Operating Margin
- -19.4%
- Free Cash Flow Yield
- +6.0%
- Distance from 200DMA
- +9.1%
- Next Earnings
- 2026-12-02
- P/E
- N/M
- EV / Sales
- 2.3x
60 sessions
FY2026 vs FY2025
Trailing twelve months
Trailing twelve months
Market metrics as of Oct 5, 2026
Financial results for the period ended Jul 31, 2026
Filed balance-sheet data as of Jul 31, 2026
Fundamentals & Valuation
Two of the three valuation perspectives say cheap; peers is the dissenting view. The published stance is held at fair because operating losses behind the low multiple.
Asana, Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Company Research
Thesis
Asana is a work-management software vendor evolving its platform into an operating layer for human-agent teams, combining a work graph, AI agents, workflow-building tools, and cross-application orchestration. The story is still emerging, so the exposure is real but early.
Opportunity
Moderate opportunity
Enterprise adoption of AI agents, contextual workflow automation, and governance layers that coordinate work across people, business systems, and repeatable processes.
Key risk
Competition from larger software providers.
Narrative & Theme
Enterprise AI Workflow Transformation
Part of AI-Enabled Work Management and Human-Agent Orchestration, with moderate fit.
ASAN has a real and specific exposure to enterprise AI workflow transformation rather than merely generic AI software adoption.
Narrative HeatHeating up8.2 / 10
Theme HeatHeating up7.1 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Technology · Software - Application
What they do
Asana, Inc. operates a work management software platform that helps individuals, team leads, and executives organize, track, and manage work across organizations globally.
How it earns
The company generates revenue primarily through subscription-based sales of its software products.
Products & services
Asana Work Graph
AI Teammates
Asana AI Studio
Asana Gov
Customers & end markets
Individual users
Teams and executives
Government agencies
Regulated industries
Market position
Asana is a recognized leader in the work management software space with a differentiated AI-enabled platform.
Demand drivers
Low cyclicality
Demand for productivity and collaboration software tends to be stable and less sensitive to economic cycles.
Peers
Companies validated as economically comparable to ASAN — similar business, revenue model and scale.
PRICE ACTIONVALUATIONTHEME
Monday.com is a direct application-layer beneficiary: its platform is used to organize and automate operational workflows, and it is embedding AI capabilities and agents across work management, CRM, service and software-development use cases.
NarrativeEnterprise Agentic Workflow AutomationThemeAI-Enabled Collaborative Work Management Platforms
Weak or broken price action.30-day price action