Few possible paths that I see are: (a) Add more products (b) Increase seats in existing customers (c) Move further upmarket towards enterprise customers. Rendered by PID 18112 on r2-app-0ac7ce458253e2f1d at 2020-12-23 12:29:28.994858+00:00 running 6abf2be country code: US. It’s inferior in almost every way IMO. Telegram. People criticising this for no moat, what moats do DocuSign and Zoom have ? Asana will have to increase its operating leverage a lot, to move towards profitability. Square and PayPal Price Targets Up on Faster E-Payment Adoption. [–]Used-Call-3503 6 points7 points8 points 2 months ago (0 children). Email. Subscribe to the Crunchbase Daily. Don’t know what you’re doing but as soon as projects start growing, every one of our clients either uses our PM tool or books their own. Asana has a lot of paid customers (70k+) for its scale ($162.5 TTM Revenue) -> Means avg. Asana went public through a direct listing and began trading on Sept. 30, 2020, with shares priced at $27 — nearly 30% higher than the reference price of $21 set by the New York Stock Exchange. Work anytime, anywhere with Asana. not overpriced actually they actually IPO at a decent price for a software company growing that quick. Stocks. [–]getaju69 2 points3 points4 points 2 months ago (0 children), At my company, I have been using Atlassian (TEAM) products and know many others across companies who does the same. Jira was just too slow and complex. I do a lot of freelancing and everyone tries these out pays for 6 months of nobody using it and then cancels it when they realize they are paying for this service but using Google sheets instead of the service they cancel and then try it again with a new service for 6 months and the process repeats itself. I appreciate the insight! This having said, Asana really has no moat, but if TEAM weren’t so overpriced... Can you please elaborate ? Is GME currently in the short-squeeze (up 20% today so far)? It doesn't seem to be anything special from the outside. Here is my quick take on Asana. It also incorporates different kinds of charts, which provides a higher level of visibility into project progress. revenue per customer is only $2.3k. ReddIt. View entire discussion ( 8 comments) ... help Reddit App Reddit coins Reddit premium Reddit gifts. And imho Jira is so much better than Asana, so that’s the biggest reason I didn’t buy yesterday. Company profile page for Asana Inc including stock price, company news, press releases, executives, board members, and contact information By using our Services or clicking I agree, you agree to our use of cookies. The Asana stock ticker symbol will be SANA.RC. [–]jesseaboutdat[S] 1 point2 points3 points 2 months ago (2 children). ... Reddit. NIO to unveil 150kWh battery on NIO Day taking range more than 900 km and new sedan(s) on NIO Day. In comparison, Slack, with a similar go-to-market approach, had 88k customer at listing, with avg. Before you buy, watch this indepth review of Asana to see if it may actually hurt your productivity. Too much completion in that space - Monday, trello, Jira, wrike, MS project, and Microsoft is releasing another one that will integrate with Teams called MS Planner - still in early stages but seems like a great alternative and way cheaper. In 2018, the enterprise software maker was valued at $1.5 billion, PitchBook data shows. Is Peloton Stock a Buy After Crushing Q4 Earnings? So I am more comfortable investing in something I know of, rather the unknown (for many if not most, this would be the case I believe), [–]Enton87 4 points5 points6 points 2 months ago (4 children). I'm worried about their high sales and marketing costs. Before you go investing in IPOs like Asana… use the following search parameters to narrow your results: Almost any post related to stocks is welcome on /r/stocks. ... Find the perfect stock photos, images, and illustrations for your project. No penny stock discussions, including OTC, microcaps, pump & dumps, low vol pumps and SPACs. I don’t like their product. Linkedin. Trump wants $2000 checks instead of $600. The value of name recognition could go a long way for Asana stock. Few possible paths that I see are: (a) Add more products (b) Increase seats in existing customers (c) Move further upmarket towards enterprise customers. Disclose any related open positions when discussing a particular stock or financial instrument. In comparison to TEAM with Trello, Jira, Confluence, Bitbucket, Sourcetree and what not. Asana Inc is a software company. However, I’m sitting out for the time being until I see a path towards growth at a better cost. © 2020 reddit inc. All rights reserved. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Zoom is literally a verb now, id consider that a moat. Nevertheless, the stock had a great debut today - finishing at $28.8, +37% over its reference price of $21. Facebook. It helps plan marketing campaigns, streamline processes, manage sales, and manage product launches. I understand the revenue isn’t all that sexy but compared to Atlassian, why wouldnt Asana be priced similarly eventually? Want to attend our events on and offline? Trello lacked important features. Is it really overpriced at a couple $$$ over ipo pricing? Asana Premium costs $10.99 per user per month when billed annually and $13.49 per user per month when billed monthly. As of now, the company is not yet profitable. 2:00 Bed breaking video 3:37 having feelings for more than one person at the same time 3:45 are we bisexual? Spam, ads, solicitations (including referral links), and self-promotion posts or comments will be removed and you might get banned. Cookies help us deliver our Services. QuestionWhy is Asana considered overpriced? Tech watchers on Wall Street expect a lot of the same trends that lifted the bottom lines — and stock prices — of so many companies to remain intact for 2021. Project management company Asana ’s stock opened Wednesday at $27, nearly 29 percent higher than the reference price of $21 it had set.. if anything i'd be worried about how they are going to innovate to keep growing. Why Asana Inc. [ASAN] Stock Still Has Countless Sunny Days Ahead. A show-me stock is not a buy until either the stock price falls into value territory or the business turns things around. Palantir shares went in the opposite direction: The stock traded as high as $11.34 at its opening, also near the highest point the stock had traded in the secondary market. I mean the founders seem solid and asana seems to be used more than slack (lulz). I’ve been seeing some negative public opinion on Asana, and I just don’t quite get it. As someone who has used Jira and Asana extensively, I have no idea why anyone would like Jira more. This also may be because I hate my coworkers who use it. Thinking about putting 1/2 of my portfolio into ARKG. Article, ASAN ATR is sitting at 1.27 what would be a fair target price or valuation. I agree, you agree to our use of cookies yet profitable public listings most. Comparison, Slack, with avg Enton87 2 points3 points4 points 2 months competitors dont either so long overpriced. Not a buy until either the stock had a great debut today finishing. Buy, watch this indepth review of Asana to moon after their earnings learned how to lose money within months... Ads, solicitations ( including referral links ), submitted 2 months ago ( 1 child ) search. 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