📊 Ticker: ASAN | Price: $13.28 | Change: -0.05 (-0.38%) as of Jun-27-2025 4:10 PM ET

🧠 What Is Asana?
San Francisco, CA-headquartered Asana (ASAN) offers a work management platform for teams, execs, and now... possibly robots too. It helps businesses track work, projects, goals, and avoid that sinking feeling of forgotten deadlines. With 170,000+ customers, including 85% of the Fortune 500, Asana generates over $700M in annual revenue. 💼🤖

📈 Insider Moves: Dustin Moskovitz Can’t Stop, Won’t Stop (Buying)

CEO and co-founder Dustin Moskovitz (yes, that billionaire from Facebook’s dorm days) has been gobbling up shares like they're on sale — because they are.

Here's the 2025 buying spree:

💡 Perspective check: Moskovitz is worth ~$17.4B. These buys = pocket change. Still, insiders owning 40%+ and actively buying = something worth noting. 🧭

🏦 Institutional Faith

Institutions own 76.46% of the float. Top 3:

• Vanguard: 10.66M shares ($141.5M)

• Voya: 8.93M shares ($118.6M)

• Blackrock: 8.05M shares ($106.9M)

Apparently, the Smart Money hasn’t entirely ghosted Asana. 📉👻

🔍 For full Institutional Ownership breakdown, see here. 

💰 Fiscal 2025 Recap

• Revenue: $723.9M (+11% YoY)

• GAAP Op Loss: -$266.7M (37% of revs)

• Non-GAAP Op Loss: -$40.8M (6% of revs)

• Free Cash Flow: $2.6M (from -$31.1M)

TL;DR: Still burning cash, just less flamboyantly. 🔥🧯

📅 Q1 Fiscal 2026 Highlights

• Revenue: $187.3M (+9% YoY)

• GAAP Net Loss: -$40M (vs. -$63.7M)

• Non-GAAP Net Income: $12M

• Free Cash Flow: $9.9M 💸💸

Progress? Yes. Profitable? Kinda. But no. But yes. A bit. Not yet. Soon? Maybe. Definitely. Except… not quite. Dependable? TBD. 🤔

Retention rates? Still decent:

• Core customers: 24,297 (+10%)

• $100K+ spenders: 728 (+20%)

• Net retention: ~95%

👉 Want the full picture? Dive into Asana’s financials here.

🧑✈️ Incoming CEO: Dan Rogers

New CEO Dan Rogers arrives July 21. Resume:

• CEO @ LaunchDarkly

• President @ Rubrik

• CMO @ ServiceNow

• Roles @ AWS, Microsoft, Salesforce

• Harvard B-School Baker Scholar 📚

📣 Translation: He’s not here to babysit spreadsheets. Could be a pivotal hire if he clicks.

📉 Valuation Snapshot

• P/S: 4.16

• P/B: 13.22

• 📉 90% below its all-time high

• 💔 It’s less “undervalued” and more “emotionally available.” 

📊 Verdict
This is a classic “Show Me” story:

• Growth? Mild.

• Cash burn? Shrinking.

• New leadership? Promising.

• Insider & Institutional Support? ✅

If you believe Dan Rogers can turn this ship around, maybe take a nibble and dollar-cost-average. Just don't bet the avocado farm. 🥑📉

💡 Curious about another deep oil exploration play?
Check our takes on UnitedHealth Group or even Oscar Health.

🚨 Disclaimer:

We like you. But we don’t know you. Invest at your own risk. 🧠💸

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