Stock of the Week
Euronet Worldwide – (EEFT, +1, June 17th) – Jeannine Strandjord (Non-Executives since 2001) purchased $171,000 of stock on the 15th June at $146.50, increasing her holding by 2%. She is a rare buyer (only 3 previous purchases despite a long tenure) and qualifies as a “Smart Buyer” for her excellent record at Euronet and her other directorships. She last bought stock at $100.13 in March 2020 and it’s encouraging to see her now buying at this higher level. We are ranking the stock +1.
Asana Inc – (ASAN US, +1, June 10th) – Dustin Moskovitz (Co-founder, Chairman and CEO since 2008) purchased $19.7 million of stock on the 8th June at $39.49, increasing his stake by 10%. the purchase was via a program buy. The company went public via a direct listing in Sept 2020 at which point Moskovitz sold $24.6 million of stock at $27.38. To see him now buying nearly the same amount of stock at a price approximately 50% higher is very encouraging and unusual. We are ranking the stock +1.