AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Asana CEO Buying Shares Amid Analysts' 50% Upside Prediction
ByAinvest
Friday, Jul 11, 2025 1:04 am ET1min read
Asana's CEO Dustin Moskovitz has been aggressively acquiring the company's shares, spending over $14 million in recent months. Moskovitz's direct and indirect holdings now exceed 56 million shares, making him the largest shareholder. Despite the stock's 26.5% YTD decline and 89.78% drop from its all-time high in 2021, analysts see 50% upside from current levels, with a high-end price target of $22 per share.
In recent months, Asana's CEO Dustin Moskovitz has been actively acquiring the company's shares, spending over $14 million. According to a SEC filing, Moskovitz purchased a total of 449,217 Class A Common Stock shares for $6,432,779 on July 7 and 8, 2025 [1]. This brings his direct and indirect holdings to over 56 million shares, making him the largest shareholder.Despite the stock's 26.5% YTD decline and an 89.78% drop from its all-time high in 2021, analysts see significant upside potential. The consensus price target is around $22 per share, representing a 50% increase from current levels [2]. This bullish outlook is driven by the company's recent AI product launches and strong Q3 earnings, which saw a 26% stock rally [3].
KeyCorp recently upgraded Asana to a "sector weight" rating and raised its price target to $18.00 [4]. Similarly, DA Davidson boosted their target price to $20.00, while JPMorgan Chase & Co. increased their target to $15.00 [5]. These upgrades reflect a growing consensus among analysts that Asana's AI Studio is gaining traction and driving demand for the company's services.
Moskovitz's aggressive buying spree also suggests confidence in Asana's long-term prospects. His actions may signal that he believes the stock is undervalued and poised for a significant rebound. As the largest shareholder, his views could influence other investors' decisions and drive further price appreciation.
References:
[1] https://www.tradingview.com/news/tradingview:e0363c1bcffb2:0-asana-ceo-dustin-moskovitz-acquires-additional-shares/
[2] https://www.marketbeat.com/stocks/NYSE/ASAN/news/
[3] https://www.marketbeat.com/stocks/NYSE/ASAN/news/
[4] https://www.marketbeat.com/stocks/NYSE/ASAN/news/
[5] https://www.marketbeat.com/stocks/NYSE/ASAN/news/
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet