A company insider recently bought 50,000 shares of Asana Inc [ASAN]. Should You Buy?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Asana Inc shares valued at $792,000 were purchased by Moskovitz Dustin A. on Apr 15 ’25. At $15.84 per share, Moskovitz Dustin A. acquired 50,000 shares. The insider’s holdings grew to 51,398,436 shares worth approximately $776.63 million following the completion of this transaction.

Also, Moskovitz Dustin A. purchased 75,493 shares, netting a total of over 1,176,181 in proceeds. Following the buying of shares at $15.58 each, the insider now holds 51,348,436 shares.

Before that, Moskovitz Dustin A. had added 225,000 shares to its account. In a trade valued at $3,519,000, the President, CEO, & Chair bought Asana Inc shares for $15.64 each. Upon closing the transaction, the insider’s holdings increased to 225,000 shares, worth approximately $774.73 million.

As published in a research note from HSBC Securities on June 04, 2025, Asana Inc [ASAN] has been rated down from a Hold to a Reduce and the price target has been revised to $10 from $13. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid May. As of December 06, 2024, KeyBanc Capital Markets has increased its “an Underweight” rating to a “Sector weight” for ASAN. Earlier on November 19, 2024, Scotiabank initiated its rating. Their recommendation was “a Sector perform” for ASAN stock.

Analyzing ASAN Stock Performance

During the last five days, there has been a drop of approximately -17.39%. Over the course of the year, Asana Inc shares have dropped approximately -25.46%. Shares of the company reached a 52-week high of $24.50 on 02/14/25 and a 52-week low of $11.58 on 03/11/25.

Support And Resistance Levels for Asana Inc (ASAN)

According to the 24-hour chart, there is a support level at 14.48, which, if violated, would cause prices to drop to 13.84. In the upper region, resistance lies at 16.37. The next price resistance is at 17.62. RSI (Relative Strength Index) is 36.78 on the 14-day chart, showing neutral technical sentiment.

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