Allen Shim Sells 28,321 Shares of Slack (NYSE:WORK) Stock

Slack (NYSE:WORK) CFO Allen Shim sold 28,321 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $20.75, for a total transaction of $587,660.75.

Allen Shim also recently made the following trade(s):

  • On Monday, October 7th, Allen Shim sold 20,000 shares of Slack stock. The shares were sold at an average price of $1.44, for a total transaction of $28,800.00.
  • On Tuesday, October 1st, Allen Shim sold 3,905 shares of Slack stock. The shares were sold at an average price of $22.98, for a total transaction of $89,736.90.
  • On Wednesday, September 4th, Allen Shim sold 9,375 shares of Slack stock. The shares were sold at an average price of $28.81, for a total transaction of $270,093.75.
  • On Monday, August 12th, Allen Shim sold 31,795 shares of Slack stock. The shares were sold at an average price of $30.65, for a total transaction of $974,516.75.

Shares of NYSE WORK opened at $20.14 on Thursday. Slack has a one year low of $19.86 and a one year high of $42.00. The company’s 50 day simple moving average is $23.16.

Slack (NYSE:WORK) last issued its quarterly earnings results on Wednesday, September 4th. The company reported ($0.98) EPS for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.05. The business had revenue of $144.97 million for the quarter, compared to the consensus estimate of $140.60 million. On average, equities research analysts predict that Slack will post -0.43 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Cetera Investment Advisers bought a new position in shares of Slack in the third quarter worth approximately $200,000. Gainplan LLC bought a new position in shares of Slack in the third quarter worth approximately $712,000. Tower Research Capital LLC TRC bought a new position in shares of Slack in the third quarter worth approximately $205,000. Bingham Osborn & Scarborough LLC bought a new position in shares of Slack in the third quarter worth approximately $3,061,000. Finally, Glynn Capital Management LLC grew its holdings in shares of Slack by 51.2% in the third quarter. Glynn Capital Management LLC now owns 669,069 shares of the company’s stock worth $15,877,000 after purchasing an additional 226,580 shares during the last quarter. Hedge funds and other institutional investors own 19.58% of the company’s stock.

WORK has been the topic of a number of recent analyst reports. KeyCorp set a $44.00 target price on shares of Slack and gave the company a “buy” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein began coverage on shares of Slack in a research report on Wednesday, August 14th. They set a “market perform” rating and a $31.00 price target on the stock. Piper Jaffray Companies began coverage on shares of Slack in a research report on Monday, October 28th. They set an “overweight” rating and a $30.00 price target on the stock. Citigroup reduced their price target on shares of Slack from $39.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Finally, William Blair began coverage on shares of Slack in a research report on Monday, July 15th. They set an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $34.33.

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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