Asana (NYSE:ASAN) is among the first companies to agree to dual list their shares on the Long-Term Stock Exchange, a Silicon Valley exchange that encourages long-term investments.
The exchange listings for not only ASAN, but also Twilio (NYSE:TWLO) will happen in August and require the companies to make certain commitments, including aligning C-suite and board compensation with long-term performance.
Asana CEO Dustin Moskovitz was an early investor in the Long-Term Stock Exchange.
In the past 52 weeks, shares of Asana have traded between a low of $20.57 and a high of $55.79.
There is potential upside of 4.2% for shares of Asana based on a current price of $55.25 and an average consensus analyst price target of $57.57.
Asana Inc is a software company. The company provides a platform for work management that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives. It helps plan marketing campaigns, streamlines processes, manages sales, and manage product launches. Also, the company provides project management and workflow management solutions.
ASAN shares perked $1.99, or 3.3%, to $61.74.
