Asana, Inc. (NASDAQ: ASAN) Chief Financial Officer Megji Aziz reported the sale of company stock totaling $210,991 on June 22, 2026. The transactions involved a total of 31,696 shares of Class A Common Stock, with prices for these sales ranging between $6.6471 and $6.659 per share.
One transaction involved the sale of 25,607 shares of Class A Common Stock at a price of $6.659 per share. This sale was effected pursuant to the issuer’s policy requiring a "sell-to-cover" to satisfy certain tax obligations incurred by Ms. Aziz with the vesting and settlement of Restricted Stock Units (RSUs).
The insider sale comes as Asana’s stock trades at $6.65, down over 51% in the past six months. According to InvestingPro analysis, the stock appears undervalued at current levels, placing it among opportunities on the Most Undervalued list. InvestingPro offers 7 additional exclusive tips for ASAN investors.
Separately, Ms. Aziz sold an additional 6,089 shares of Class A Common Stock. These sales were executed under a Rule 10b5-1 trading plan, which was adopted on March 23, 2026. The reported price for these shares was a weighted average of $6.6471, with individual sales occurring at prices ranging from $6.47 to $6.88 per share.
Following these transactions, Megji Aziz directly holds 778,628 shares of Asana, Inc. Class A Common Stock.
In other recent news, Asana reported its first-quarter fiscal 2027 results, showcasing solid financial performance. The company exceeded expectations with a non-GAAP earnings per share of $0.10, surpassing the consensus estimate of $0.08. Asana’s revenue growth was approximately 9% in constant currency, leading to an increase in its fiscal 2027 organic revenue growth outlook from 7.8% to 8.0%. UBS adjusted its price target for Asana to $8.00 from $9.00, maintaining a Neutral rating due to budget pressures. Meanwhile, D.A. Davidson also kept a Neutral rating with an $8.00 price target, noting the company’s revenue beat. Citizens reiterated a Market Outperform rating with a $15.00 price target, citing mixed quarterly results. Asana also received FedRAMP Moderate Authorization for its government product, enabling its use by U.S. federal, state, and local agencies. Additionally, during the 2026 Annual Meeting of Stockholders, Asana elected new directors and approved several proposals.
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