Selling Asana Shares at a Lower Price Than Current Market Value May Have Been a Costly Mistake for Insiders

Asana insiders sold nearly $900k of shares in the past year at prices below the current market value, possibly missing out on gains.
The biggest insider sale was by the CFO for $340k at $23.04 per share, above the current price of $18.79.
In the last quarter, insiders dumped $616k of Asana shares and there were no insider purchases.
Asana insiders own 62% of the company, worth about $2.6b, aligning their interests with shareholders.
The lack of insider buying could indicate concerns about Asana's current valuation and future prospects.

simplywall.st

Relevant topic timeline:

9/1/2023

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