ASAN Stock: Why It Increased Yesterday

By Amit Chowdhry ● Sep 17, 2021
  • The stock price of Asana Inc (NYSE: ASAN) increased by more than 7% yesterday. This is why it happened.

The stock price of Asana Inc (NYSE: ASAN) – a leading work management platform for teams – increased by more than 7% yesterday. One of the reasons why the stock price increased is because Asana has been named by Great Place to Work and Fortune as one of the Best Workplaces for Women in the U.S. This marks the second year in a row for Asana in the list’s top ten rankings. The company came in this year at #9.

The Best Workplaces for Women award is based on an analysis of survey responses from over 5.6 million current U.S. employees. And in the survey, 96% of Asana’s employees said Asana is a great place to work, as compared to 59% at the average U.S. company.

Asana’s ranking on the Best Workplaces for Women list is the latest industry recognition for the company as a leading workplace. And this year alone, Great Place to Work and Fortune awarded Asana five awards, including #3 Best Small & Medium Workplace and #1 Best Workplace in the Bay Area. Plus Fast Company recognized Asana as #15 on its prestigious list of the World’s Most Innovative Companies for 2021 and one of the Best Workplaces for Innovators.

Great Place to Work — an authority on workplace culture — selected the winners of the Great Place to Work for Women list using rigorous analytics and confidential employee feedback. And companies were only considered if they are a Great Place to Work-Certified organization. Great Place to Work is the only company culture award in America that selects the winners based on how fairly employees are treated. The companies are assessed on how well they are creating a great employee experience that cuts across race, gender, age, disability status, or any aspect of who employees are or what their role is.

KEY QUOTES:

“We recognize women’s achievements across all industries as they build, create, and lead the new wave of work. Nurturing community and giving agency to employee voices has long been a valuable part of Asana’s real talk culture and workplace environment. Whether teams are working apart or together, hybrid or remote, inclusivity drives innovation, and this recognition of Asana as a leading workplace for women is a testament to the priority we place on fostering an equitable culture for all of our global employees, no matter where and when they are working.”

— Stephanie Hess, Head of Global Corporate Marketing and executive sponsor of AsanaWomen Employee Resource Group

“These companies have made a commitment to fostering equity in the workplace. With the data about gender inequity in mind, the Best Workplaces for Women braved the task of combating gender inequity by ensuring their women employees feel safe, heard, challenged and valued.”

— Michael C. Bush, CEO of Great Place to Work.