An investigation for investors in Asana, Inc. (NYSE: ASAN) shares over potential securities laws violations by Asana, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 10/31/2022 -- Asana, Inc is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Asana, Inc. (NYSE: ASAN), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Asana, Inc. (NYSE: ASAN) concerning whether a series of statements by Asana, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based Asana, Inc., together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Asana, Inc. reported that its Total Revenue rose from $227 million for the 12 months period that ended on January 31, 2021, to $378.43 million for the 12 months period that ended on January 31, 2022, and that its Net Loss over those respective time periods increased from $211.71 million to $287.77 million.
Shares of Asana, Inc. (NYSE: ASAN) declined from over $145 per share in November 2021, to $16.19 per share in July 2022.
On October 28, 2022, NYSE: ASAN shares closed at $20.50 per share.
Those who purchased shares of Asana, Inc. (NYSE: ASAN) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.