Why These 5 Stocks Are in the Spotlight on Thursday

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1. Asana, Inc. (NYSE:ASAN) is down 23.7% as of 11:40 AM ET despite the company reporting better than expected Q4 FY22 results. The California-based web and mobile work management platform designer revealed that it anticipates higher than expected losses in Q1 FY23. During Q4 FY22, Asana, Inc. (NYSE:ASAN) reported revenue and loss per share of $111.9 million and 25 cents, respectively, compared to the consensus estimate of $105.1 million and 28 cents. Moreover, Asana, Inc. (NYSE:ASAN) anticipates a loss per share of 35 cents to 36 cents for Q1 FY23, as opposed to the analysts’ expectation of 27 cents. As of Q4 2021, 31 hedge funds held a stake in Asana, Inc. (NYSE:ASAN), down from 33 in the previous quarter.

You can also take a peek at the 10 Smart Home Technology Stocks To Buy Today and 10 Best Stocks to Buy According to Stanley Druckenmiller.

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