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Barchart

Pathikrit Bose

Is Asana Stock a Buy, Sell, or Hold as Its CEO Steps Down?

Asana ASAN Dustin Moskovitz

Shares of work management platform Asana (ASAN) have been caught in a vortex of negative opinions and wider market concerns. Already down by 32% on a year-to-date basis, subdued numbers for the most recent quarter, weak guidance, and the sudden announcement of the departure of CEO and co-founder Dustin Moskovitz have been cited as the factors for the crash in the company’s stock.

However, is such a sharp correction warranted or does Asana have the capability to bounce back? Let’s have a closer look.

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