Asana’s Strong Trajectory Fueled by Insider Buys and Product Supremacy: Analyst

JMP Securities analyst Joe Goodwin reiterated Asana Inc (NYSE:ASAN) with a Market Outperform and a $30 price target.

The company disclosed on August 22 via a Form 4 filing that Founder & CEO Dustin Moskovitz purchased 690K shares on August 17-18 at an average price of $20.05 for a total consideration of $13.8 million, which left the stock up ~7% on August 22, and after the stock has increased 58% YTD versus the Nasdaq’s 30% increase.