Slack (NYSE:WORK) CTO Sells $30,750.00 in Stock

Slack (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $20.50, for a total value of $30,750.00.

Cal Henderson also recently made the following trade(s):

  • On Friday, November 1st, Cal Henderson sold 14,809 shares of Slack stock. The shares were sold at an average price of $20.75, for a total value of $307,286.75.
  • On Wednesday, October 30th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $21.95, for a total value of $32,925.00.
  • On Monday, October 28th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.00, for a total value of $33,000.00.
  • On Friday, October 25th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $23.04, for a total value of $34,560.00.
  • On Wednesday, October 23rd, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $21.21, for a total value of $31,815.00.
  • On Monday, October 21st, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $21.12, for a total value of $31,680.00.
  • On Thursday, October 17th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.58, for a total value of $33,870.00.
  • On Friday, October 11th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $24.00, for a total value of $36,000.00.
  • On Tuesday, October 15th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $24.00, for a total value of $36,000.00.
  • On Tuesday, October 8th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $25.05, for a total value of $37,575.00.

WORK stock traded up $0.16 during midday trading on Friday, hitting $20.50. The stock had a trading volume of 9,383,960 shares, compared to its average volume of 8,348,680. The stock’s 50-day moving average price is $22.95. Slack has a 52-week low of $19.69 and a 52-week high of $42.00.

Slack (NYSE:WORK) last issued its quarterly earnings results on Wednesday, September 4th. The company reported ($0.98) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.03) by $0.05. The firm had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $140.60 million. As a group, equities research analysts predict that Slack will post -0.43 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley bought a new stake in Slack in the second quarter worth $766,211,000. Price T Rowe Associates Inc. MD bought a new stake in Slack in the second quarter worth $390,768,000. Vanguard Group Inc. bought a new stake in Slack in the second quarter worth $263,631,000. Viking Global Investors LP bought a new stake in Slack in the second quarter worth $170,236,000. Finally, JPMorgan Chase & Co. bought a new stake in Slack in the second quarter worth $118,808,000. 19.58% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently issued reports on WORK. Monness Crespi & Hardt boosted their target price on Slack from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Morgan Stanley reduced their target price on Slack from $38.00 to $28.00 and set a “weight” rating on the stock in a research note on Wednesday, October 16th. Goldman Sachs Group set a $34.00 target price on Slack and gave the company a “hold” rating in a research note on Thursday, September 5th. William Blair started coverage on Slack in a research note on Monday, July 15th. They set an “outperform” rating on the stock. Finally, Mizuho upped their price target on Slack from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $33.16.

About Slack

Slack Technologies, Inc operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model. The company was formerly known as Tiny Speck, Inc and changed its name to Slack Technologies, Inc in 2014.

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Insider Buying and Selling by Quarter for Slack (NYSE:WORK)

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