Asana Inc's ASAN stock plunged after multiple Wall Street firms cut their respective price targets.
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.
Asana (ASAN) stock price has imploded in the past few weeks, falling by over 34% from its highest point in 2024. It has dropped to a low of $18.3, and is hovering at its lowest swing since December 6.
Asana Inc (NYSE:ASAN) stock finished 2024 strong, with a 43.6% post-earnings gain on Dec. 6.
Asana, Inc. ASAN will release its fourth-quarter financial results, after the closing bell, on Monday, March 10.
ASAN stock is experiencing significant growth due to its strong focus on AI and a growing number of customers, making it a good option for long-term investment.
Asana's shares, a company that makes work management software, rose by 9.2% in the morning after analyst Brent Bracelin from Piper Sandler changed the stock's rating from Neutral to Overweight (Buy) and increased the price target from $19 to $27. This upgrade was influenced by the company's improved stability, effective cost management, and exciting developments in AI.