Share buybacks are corporate actions that indicate that a company’s management believes its stock is undervalued. A buyback program generally reduces the number of outstanding shares, effectively boosting a company’s earnings per share in the process. Last week, Asana (ASAN) announced a $150 million share buyback program, which is quite sizeable, given the company’s market cap of $2.86 billion. Plus, Asana reiterated its guidance for Q2 and forecasts sales between $177 million and $178 million, compared to consensus estimates of $177.7 million. In fiscal 2025 (ending in January), it expects sa…