Asana, Inc. is a provider of a work management software platform. Co.'s platform automates complex operational workflows, such as product launches and employee onboarding, resource planning, tracking company-wide strategic initiatives and more. Its platform adds structure to unstructured work, creating clarity, accountability, and impact for everyone within an organization - individuals, team leads, and executives - so they understand exactly who is doing what, and by when. We show 20 historical shares outstanding datapoints in our ASAN shares outstanding history coverage, used to compute ASAN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ASAN market cap history over the course of time is important for investors
interested in comparing ASAN's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ASAN versus a peer is one thing; comparing
ASAN market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ASAN can fluctuate over the course of history.
With this page we aim to empower investors researching ASAN by allowing them to research the ASAN market cap history. |
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Video: The Importance of Market Cap
