Asana Announces $150 Million Stock Repurchase Program
Asana, Inc. Class A (ASAN)
Company Research
Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Asana, Inc. (NYSE: ASAN) (LTSE: ASAN), a leading work management platform, today announced that its Board of Directors has approved a stock repurchase program authorizing Asana to repurchase up to $150 million of its Class A common stock through June 30, 2025.“I’m pleased to share that, after careful consideration, our Board has authorized a stock repurchase program of up to $150 million over the next 12 months. This is a good investment opportunity for us as I believe our shares are undervalued given our immense long-term potential,” said Dustin Moskovitz, co-founder and chief executive officer of Asana. “With over $500 million of cash, cash equivalents, and investments on the balance sheet and a commitment to becoming free cash flow positive by the end of this year, we have the financial leverage and resources. AI is transforming how we work, and Asana is delivering the ideal platform for this new era where people and AI collaborate to reach new l
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ASAN
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- Asana to Present at Upcoming Investor EventsBusiness Wire
ASAN
Earnings
- 5/30/24 - Beat
ASAN
Sec Filings
- 6/25/24 - Form 4
- 6/24/24 - Form 4
- 6/24/24 - Form 4
- ASAN's page on the SEC website