Asana Shares Drop Despite Strong Results

Asanas shares plummeted 6.1% despite strong Q2 results, with COO Anne Raimondi selling $2.3M worth of stock. The company beat earnings and revenue estimates, guiding for Q4 revenue above forecasts and raising full-year earnings outlook. However, investors reacted negatively to the insider sale, causing shares to drop 32% since January, now trading at $13.51. Despite the recent decline, Asanas long-term potential in work management software remains attractive for patient buyers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.