Asana general counsel Katie Colendich sells over $153,000 in company stock

General Counsel and Corporate Secretary at Asana, Katie Colendich, sold over $153,000 worth of the company's Class A Common Stock in two separate transactions on September 21 and 22, 2026. The first sale involved 7,436 shares at a price of $9.526 each, totaling $70,835. This followed the vesting and settlement of Restricted Stock Units (RSUs) and was conducted pursuant to a Rule 10b5-1 trading plan adopted on March 25, 2026.

The following day, she sold an additional 8,474 shares for a total of $82,790 at a weighted average price of $9.77 per share. These transactions were made after Asana's stock demonstrated strong performance, with a 43% return over the past six months, and was noted as potentially undervalued by InvestingPro analysis, currently trading around $9.47.

Asana boasts impressive gross profit margins of 88%, though it remains unprofitable on an annual basis. Following her sales, Colendich remains a beneficial owner of 161,689 shares of Asana Class A Common Stock, including 1,001 shares acquired under the Asana, Inc. 2020 Employee Stock Purchase Plan. Meanwhile, Asana reported its second-quarter fiscal 2027 results, surpassing Wall Street expectations with adjusted earnings of $0.10 per share on revenue of $216.4 million, marking a 10% increase from the previous year.

Analysts have provided mixed opinions on Asana, with some raising their price targets while others expressed concerns over third-quarter guidance and product-led growth challenges.