Cal Henderson Sells 1,500 Shares of Slack (NYSE:WORK) Stock

Slack (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $21.87, for a total transaction of $32,805.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Friday, November 29th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.91, for a total transaction of $34,365.00.
  • On Wednesday, November 27th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.42, for a total transaction of $33,630.00.
  • On Monday, November 25th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.07, for a total transaction of $33,105.00.
  • On Friday, November 22nd, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $21.16, for a total transaction of $31,740.00.
  • On Wednesday, November 20th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $21.51, for a total transaction of $32,265.00.
  • On Monday, November 18th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $23.09, for a total transaction of $34,635.00.
  • On Thursday, November 14th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $21.32, for a total transaction of $31,980.00.
  • On Tuesday, November 12th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $20.05, for a total transaction of $30,075.00.
  • On Wednesday, November 6th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $20.50, for a total transaction of $30,750.00.
  • 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 transaction of $307,286.75.

WORK traded down $0.91 during midday trading on Wednesday, hitting $21.66. 16,227,053 shares of the company’s stock traded hands, compared to its average volume of 8,219,059. Slack has a one year low of $19.53 and a one year high of $42.00. The company’s fifty day moving average price is $21.85.

Slack (NYSE:WORK) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.98) EPS for the quarter, beating the consensus estimate of ($1.03) by $0.05. The company had revenue of $144.97 million for the quarter, compared to analyst estimates of $140.60 million. As a group, research analysts expect that Slack will post -0.43 EPS for the current year.

A number of hedge funds have recently made changes to their positions in WORK. Meadow Creek Investment Management LLC acquired a new position in Slack during the second quarter valued at approximately $25,000. Sterling Investment Advisors Ltd. acquired a new position in Slack during the second quarter valued at approximately $28,000. Global Retirement Partners LLC acquired a new position in Slack during the third quarter valued at approximately $33,000. Neuburgh Advisers LLC acquired a new position in Slack during the second quarter valued at approximately $35,000. Finally, Venturi Wealth Management LLC acquired a new position in Slack during the third quarter valued at approximately $36,000. Institutional investors own 33.78% of the company’s stock.

Several research firms have recently weighed in on WORK. Citigroup reduced their price objective on shares of Slack from $39.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Monness Crespi & Hardt upped their price objective on shares of Slack from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Wedbush reaffirmed a “sell” rating and set a $14.00 price objective on shares of Slack in a research note on Tuesday, November 19th. KeyCorp set a $44.00 price objective on shares of Slack and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $35.00 price objective (down from $40.00) on shares of Slack in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. Slack has a consensus rating of “Buy” and a consensus target price of $32.63.

Slack Company Profile

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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