Asana Shares Drop Despite Strong Results
Update: 2025-12-23
Description
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.
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