On December 20, 2023, Asana Inc's (NYSE:ASAN) Chief Operating Officer, Anne Raimondi, sold 17,045 shares of the company's stock, according to a SEC Filing. The transaction was executed at an average price of $19.31 per share, resulting in a total value of $329,078.95.
Asana Inc is a work management platform that helps teams orchestrate their work, from daily tasks to strategic initiatives. With Asana, teams have a living system of clarity where everyone, from the CEO to the newest recruit, can understand company goals and know exactly how their work relates to them.
Over the past year, the insider has sold a total of 64,751 shares of Asana Inc and has not made any purchases. The recent sale further contributes to the insider transaction history at Asana Inc, which has seen 27 insider buys and 21 insider sells over the past year.
On the valuation front, Asana Inc's shares were trading at $19.31 on the day of the insider's sale, giving the company a market capitalization of $4.375 billion. The stock's price-to-GF-Value ratio stands at 0.63, indicating that Asana Inc is significantly undervalued according to the GF Value of $30.68.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's historical returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
