In a recent regulatory filing, Asana (ASAN, Financial) revealed a significant insider transaction involving its CEO and Chairman, Dustin Moskovitz. On April 15th, Moskovitz exercised stock options to acquire 50,000 shares of common stock. This transaction amounted to a total value of $792,000.
This move highlights Moskovitz's continued commitment and confidence in the company's future prospects. The acquisition of shares through option exercise is a common practice among executives seeking to increase their ownership stakes in their companies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Asana Inc (ASAN, Financial) is $16.01 with a high estimate of $23.00 and a low estimate of $12.00. The average target implies an upside of 7.87% from the current price of $14.84. More detailed estimate data can be found on the Asana Inc (ASAN) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, Asana Inc's (ASAN, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Asana Inc (ASAN, Financial) in one year is $23.13, suggesting a upside of 55.86% from the current price of $14.84. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Asana Inc (ASAN) Summary page.
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- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
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- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.
