12 Best Small-Cap Growth Stocks to Buy According to Hedge Funds

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7. Asana, Inc. (NYSE:ASAN)

Asana, Inc. (NYSE:ASAN) is one of the Best Small-Cap Growth Stocks to Buy According to Hedge Funds. On March 2, Asana, Inc. (NYSE:ASAN) reported its fiscal Q4 2026 earnings. The company delivered 9.15% year-over-year revenue growth to reach $205.57 million and topped expectations by $443,400. The EPS of $0.08 also topped expectations by $0.01.

​Management noted the growth to be driven by increased AI product traction and disciplined capital allocation. Notably, the AI Studio annual recurring revenue exceeded $6 million with more than 50% quarter-over-quarter growth in Q4.

​Looking ahead, management expects fiscal 2027 revenue in the range of $850 million-$858 million, reflecting 7.5% to 8.5% year-over-year growth. The non-GAAP operating margins are expected at 9.5%. For the next quarter, the company expects revenue between $202.5 million and $204.5 million, with a non-GAAP operating income of $15 million-$17 million.

​Asana, Inc. (NYSE:ASAN) helps businesses streamline their daily tasks and strategic cross-functional projects with its work management platform.

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