2023-03-09 02:29:06 ET
- Work management platform, Asana ( NYSE: ASAN ) CEO, Dustin Moskovitz said that he is planning to enter into a 10b5-1 trading plan on March 9, 2023 to purchase 30M shares of the company.
- He said ''I'm doing this because I personally believe Asana shares are undervalued, given the scale of the opportunity I see in front of us." as per earnings call transcript .
- The company stock is trading 24% above its closing price on Wednesday as the company rolled out Q4 earnings .
- Overall, SA Authors give the stock a Buy rating ; Contributor Ahan Vashi commented, '' I continue to rate Asana a "Strong Buy" at $17, with a strong preference for staggered accumulation. "
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Asana CEO plans to buy 30M shares, stock jumps 24% after Q4 numbers