Asana Inc is a work management platform designed to help teams organize, track, and manage their projects and tasks efficiently
By providing a user-friendly interface, Asana facilitates collaboration and communication among team members, making it easier to monitor progress, set deadlines, and share files. The platform integrates with various tools and apps, enabling seamless workflow management and enhancing productivity within organizations of all sizes. With a focus on improving team performance and accountability, Asana empowers users to prioritize their work and achieve their goals more effectively.
As we await the opening of the US market on Tuesday, let's delve into the pre-market session and discover the top gainers and losers shaping the early market sentiment.
Asana Inc (NYSEASAN) shares are plunging Tuesday on the heels of the company's fourth-quarter financial results. Several analysts cut price targets following the print.
Work management software maker Asana (NYSEASAN) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 10% year on year to $188.3 million. On the other hand, the company’s full-year revenue guidance of $786 million at the midpoint came in 2.1% below analysts’ estimates. Its non-GAAP loss of $0 per share was $0.01 above analysts’ consensus estimates.
Asana, Inc. (NYSEASAN)(LTSE: ASAN), a leading enterprise work management platform, today reported financial results for its fourth quarter and fiscal year ended January 31, 2025.
Asana, Inc. (NYSEASAN) (LTSE: ASAN), a leading enterprise work management platform, today announced that Dustin Moskovitz, Co-Founder, CEO and Chair of Asana, has informed the Board of Directors of his intention to transition to the role of Chair when a new CEO begins. The Asana Board has retained a leading executive search firm to execute a search for the company’s next CEO. Moskovitz will remain CEO until a successor begins and intends to maintain his shareholdings in Asana, reflective of his view that the company is positioned for long-term growth.
Stocks extended last week's losses on Monday as concerns over the U.S. economy continue to weigh on the market. The Nasdaq 100 saw the steepest declines, with Tesla, Inc. (NASDAQTSLA) and Palantir Technologies, Inc.
All three major indices were red in Friday’s midday trading, with the S&P 500 and Nasdaq 100 down 1% and 1.24%, respectively, and on track for their worst weeks since September 2024.
Shares of work management software maker Asana (NYSEASAN)
fell 8.4% in the morning session as markets continued to struggle following the broad selloff triggered by weak economic data in the previous week. On Friday, February 21, 2025, the S&P 500 dropped 1.7%, and the Nasdaq fell 2.2% after PMI numbers showed the U.S. services sector contracted, and the University of Michigan's consumer sentiment index came in below expectations.
Shares of work management software maker Asana (NYSEASAN)
jumped 8.2% in the afternoon session after peer, Monday.com reported impressive fourth-quarter results that blew past Wall Street's expectations for some of the key metrics we track, including sales, profits, and EPS (profits on a per-share basis). The company's net revenue retention rate improved, and its sales guidance for the next quarter exceeded forecasts. MNDY's strong performance suggests sustained demand for project management software, which could also benefit competitors like Asana.
