Asana announced record Q2 results last week resulting in strong share price performance. We originally positively ranked the stock on the 10th of June on buying from Dustin Moskovitz CEO and the shares are now up over 100% since we ranked it.

This is what we said when we ranked the stock in June:

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.

 

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