/cmdtyView%20Stock%20Photo%201.png)
Share buybacks are corporate actions that indicate that a company’s management believes its stock is undervalued. A buyback program generally reduces the number of outstanding shares, effectively boosting a company’s earnings per share in the process.
Last week, Asana (ASAN) announced a $150 million share buyback program, which is quite sizeable, given the company's market cap of $2.86 billion.