Asana CFO Parekh sells shares worth $3.67 million

Asana, Inc. NASDAQ:ASAN Chief Financial Officer Sonalee Elizabeth Parekh sold a total of 258,350 shares of Class A Common Stock on September 22 and 23. The sales amounted to approximately $3.67 million. The work management platform company, currently valued at $3.35 billion, maintains strong gross profit margins of nearly 90% and holds more cash than debt on its balance sheet, according to InvestingPro data.

On September 22, Parekh sold 194,976 shares at a price of $14.171, for a total of $2763004. The transaction was to cover tax obligations related to the vesting and settlement of Restricted Stock Units (RSUs). On September 23, Parekh sold 63,374 shares at a weighted average price of $14.3848, for a total of $911622. The price per share ranged from $14.37 to $14.50. These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 12, 2025. Following these transactions, Parekh directly owns 1,076,693 shares of Asana, Inc. While the company shows revenue growth of 9.74%, InvestingPro analysis indicates the stock is currently trading below its Fair Value, with additional insights available in the comprehensive Pro Research Report covering 1,400+ top stocks.

In other recent news, Asana Inc . reported its fiscal Q2 2026 earnings, surpassing analyst expectations with an earnings per share of $0.06, compared to the forecasted $0.05. The company also reported revenue of $196.9 million, exceeding the $193.04 million forecast and reflecting a 10% year-over-year increase. Meanwhile, KeyBanc has reiterated its Sector Weight rating on Asana, noting a combination of challenges and positive indicators in the company’s latest quarterly results. The firm highlighted similarities between Asana’s performance and another collaboration software company’s report, particularly in terms of revenue and AI trends. Additionally, Asana announced the appointment of Arnab Bose as Chief Product Officer, effective September 16, 2025. Bose previously served as Chief Product Officer at Okta, where he played a significant role in strategic acquisitions and revenue growth. These developments indicate a period of active change and growth for the company.

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