Analyzing Dustin Moskovitz's Latest Moves at Asana

By Travis Hoium – Oct 25, 2023 at 7:15AM

NYSE: ASAN

Asana

Market Cap

$3B

Today's Change

(3.15%) $0.46

Current Price

$15.08

Price as of April 26, 2024, 4:00 p.m. ET

Moskovitz keeps buying stock, but why?

Asana (ASAN 3.15%) has been through a roller coaster the last few years, but it's now finding footing in the software-as-a-service (SaaS) market. Revenue is improving as costs are coming down. Last quarter, the company was free-cash-flow positive. With that in mind, it's interesting that founder and CEO Dustin Moskovitz keeps buying shares of the company's stock.

In this video, Travis Hoium goes over Moskovitz's buys and what he may be seeing in the improving financial picture at Asana.

*Stock prices used were end-of-day prices of Oct. 23, 2023. The video was published on Oct. 23, 2023.

Travis Hoium has positions in Asana. The Motley Fool has positions in and recommends Asana. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.