Facebook co-founder Dustin Moskovitz who is now the Director of Asana, has increased his stake in the company by acquiring ...

Why It Matters: This comes as Asana shares remain down by 26.5% year-to-date, and 89.78% from its all-time high in 2021, helping shore up confidence in the stock.

In a regulatory filing, Asana (ASAN) director Dustin Moskovitz disclosed the purchase of 450,000 class A shares of the company in two transactions ...

On Wednesday, the stock closed at $12.93 per share, down from its record close of $142.68 in November 2021. Moskovitz owns about 39% of outstanding Asana shares, according to FactSet.