{"id":19863,"date":"2022-09-08T09:55:55","date_gmt":"2022-09-08T16:55:55","guid":{"rendered":"https:\/\/marketdepth.com\/?p=19863"},"modified":"2022-09-09T10:02:22","modified_gmt":"2022-09-09T17:02:22","slug":"asana-stock-surges-after-releasing-earnings","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/asana-stock-surges-after-releasing-earnings\/","title":{"rendered":"Asana Stock Surges After Releasing Earnings"},"content":{"rendered":"\n

Asana (ASAN:NYQ)<\/strong> stock rallies after releasing earnings and disclosing that the CEO bought $350 million worth of stock in the company.<\/p>\n\n\n\n

\u201cI am investing further in Asana because I strongly believe the market opportunity is enormous and that the Work Graph is the best possible solution for helping enterprises achieve their most important goals.\u201d<\/p>Dustin Moskovitz, co-founder and chief executive, in a statement<\/cite><\/blockquote>\n\n\n\n

Asana stock is up 25% intraday but is still down about 60% on the year. Moskovitz already owns 24 million shares in addition to the 19.4 million purchase for $350 million. He will own about 23% of the company, which shows the belief from he has in the technology from the Facebook co-founder.<\/p>\n\n\n\n

\u201cWith the additional $350 million in capital announced today, we believe we are fully funded to execute on our current strategies and well-positioned to reach free-cash-flow positive before the end of calendar 2024.\u201d<\/p>

<\/p>Dustin Moskovitz, co-founder and chief executive, in a statement<\/cite><\/blockquote>\n\n\n\n

Revenues for the company hit $134.9 million this quarter which is up from $84.9 million a year ago. Asana also upgraded its forecast for the year from $544 to $547 million.<\/p>\n","protected":false},"excerpt":{"rendered":"Asana (ASAN:NYQ) stock rallies after releasing earnings and disclosing that the CEO bought $350 million worth of stock in the company. \u201cI am investing further in Asana because I strongly believe the market opportunity is enormous and that the Work Graph is the best possible solution for helping enterprises achieve their most important goals.\u201d Dustin… View Article<\/a>","protected":false},"author":3,"featured_media":19864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,17,7,16],"tags":[],"acf":[],"yoast_head":"\nAsana Stock Surges After Releasing Earnings - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/asana-stock-surges-after-releasing-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asana Stock Surges After Releasing Earnings - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Asana (ASAN:NYQ) stock rallies after releasing earnings and disclosing that the CEO bought $350 million worth of stock in the company. \u201cI am investing further in Asana because I strongly believe the market opportunity is enormous and that the Work Graph is the best possible solution for helping enterprises achieve their most important goals.\u201d Dustin... 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