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Director Justin Rosenstein of Asana, Inc. (NASDAQ:ASAN) sold 14,500 shares of Class A Common Stock on October 10, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $15.0743, resulting in a total transaction value of $218,577. The workplace management software company, currently valued at $3.34 billion, maintains strong financial health with more cash than debt on its balance sheet and impressive gross profit margins of nearly 90%.
The sales were executed in multiple transactions with prices ranging from $14.95 to $15.16 per share. Following the transaction, Rosenstein directly owns 1,541,425 shares of Asana, Inc. According to InvestingPro analysis, while the company isn’t currently profitable, analysts expect it to turn profitable this year. For deeper insights into Asana’s financial health and detailed analysis, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted on March 18, 2025.
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’s revenue for the quarter was $196.9 million, exceeding the $193.04 million forecast and reflecting a 10% year-over-year increase. 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 the growth of Identity Governance. In analyst updates, KeyBanc reiterated its Sector Weight rating on Asana, noting a mix of challenges and positive indicators, including the impact of AI and tech headwinds. These developments highlight ongoing strategic adjustments and performance outcomes for Asana.
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