We launch coverage of Asana with a $17.50 fair value estimate and no-moat rating. Asana is a leading provider of collaborative work management, or CWM, SaaS solutions.

Risk Factors According to the TipRanks Risk Factors tool, Asana’s top risk category is Finance & Corporate, contributing 47% to the total 58 risks identified.

But Asana also has “no-meeting Wednesdays,” in an effort to incorporate more flexibility into workers’ schedules.