Asana, Inc. (NYSE: ASAN) has announced that its Board of Directors has approved a stock repurchase program authorizing the company to buy back up to $150 million of its Class A common stock. The program will run through June 30, 2025. CEO Dustin Moskovitz believes the shares are undervalued. Asana holds over $500 million in cash. Following the announcement, Asana shares are trading higher.
$ASAN Announces $150M Share Buyback LOL
$ASAN | Asana shares are trading higher after the company announced a $150 million stock repurchase program.
π£ JUST IN: $ASAN Asana Announces $150 Million Stock Repurchase Program π Key Highlights: π Asana Board approves $150 million stock repurchase program. π Program runs through June 30, 2025. π CEO Dustin Moskovitz believes shares are undervalued. π Asana holds over $500β¦ https://t.co/cIht0c1NfP
$ASAN | Asana has approved a stock repurchase program to buy back up to $150 million of its Class A common stock through June 30, 2025.
Asana Announces $150 Million Stock Repurchase Program https://t.co/CHcXKmFB29 https://t.co/xN93tApu5m
Asana, Inc. $ASAN today announced that its Board of Directors has approved a stock repurchase program authorizing Asana to repurchase up to $150 million of its Class A common stock through June 30, 2025.