Shares of ASAN are trading 23% higher today. Here's why:

Asana, Inc. (ASAN) is trading 23% higher at $23.4 today. While it's generally been a slightly melancholic day for this part of the market, the company is outperforming it's peers in the Information Technology sector.

- Asana reported better-than-expected financial results and issued strong guidance
- Revenue increased 51% year-over-year to $134.9 million, which beat average analyst estimates of $127.24 million
- The company reported an adjusted net loss of 34 cents per share, which beat average analyst estimates for a loss of 39 cents per share

Asana, Inc. has been trading between a 52-week high of $145.79 and a 52-week low of $16.19. The stock has a market cap of $4.45 Billion.

Asana helps teams orchestrate their work, from small projects to strategic initiatives. Headquartered in San Francisco, CA, Asana has more than 93,000 paying organizations and millions of free organizations across 190 countries. Global customers such as Accenture, Estee Lauder, Japan Airlines, Sky and Viessmann rely on Asana to manage everything from company objectives to digital transformation to product launches and marketing campaigns.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

s-t-f-u- - 2 upvotes - source
Float looks good, but that diluting bothers me a bit (was 17% not 20% as I wrote before) https://stockanalysis.com/stocks/asan/statistics/

freshlysqueezelemon - 1 upvotes - source
$ASAN earnings play tonight!!!

kscotch - 1 upvotes - source
Is ASAN a buy or does everyone still use JIRA

BorisYeltzen - 1 upvotes - source
ASAN puts for the win

EnginrA - 0 upvotes - source
Damn ASAN