Insider Selling: Slack (NYSE:WORK) CEO Sells 2,500 Shares of Stock

Slack (NYSE:WORK) CEO Stewart Butterfield sold 2,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $21.95, for a total value of $54,875.00.

Stewart Butterfield also recently made the following trade(s):

  • On Friday, November 1st, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $20.75, for a total value of $51,875.00.
  • On Monday, October 28th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $22.00, for a total value of $55,000.00.
  • On Friday, October 25th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $23.04, for a total value of $57,600.00.
  • On Wednesday, October 23rd, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $21.21, for a total value of $53,025.00.
  • On Monday, October 21st, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $21.12, for a total value of $52,800.00.
  • On Thursday, October 17th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $22.58, for a total value of $56,450.00.
  • On Friday, October 11th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $24.00, for a total value of $60,000.00.
  • On Tuesday, October 15th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $24.00, for a total value of $60,000.00.
  • On Tuesday, October 8th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $25.05, for a total value of $62,625.00.
  • On Thursday, October 3rd, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $24.12, for a total value of $60,300.00.

Shares of WORK opened at $20.14 on Thursday. The stock’s 50-day moving average is $23.16. Slack has a fifty-two week low of $19.86 and a fifty-two week high of $42.00.

Slack (NYSE:WORK) last posted its earnings results on Wednesday, September 4th. The company reported ($0.98) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.03) by $0.05. The business had revenue of $144.97 million for the quarter, compared to analyst estimates of $140.60 million. Equities analysts anticipate that Slack will post -0.43 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Kessler Investment Group LLC acquired a new stake in shares of Slack during the 3rd quarter valued at about $342,000. Atika Capital Management LLC acquired a new stake in shares of Slack during the 2nd quarter valued at about $4,837,000. Baldwin Brothers Inc. MA acquired a new stake in shares of Slack during the 3rd quarter valued at about $47,000. First Manhattan Co. acquired a new stake in shares of Slack during the 2nd quarter valued at about $234,000. Finally, Greylock Xii GP LLC acquired a new stake in shares of Slack during the 2nd quarter valued at about $2,494,000. Hedge funds and other institutional investors own 19.58% of the company’s stock.

WORK has been the topic of several analyst reports. MKM Partners cut their price target on Slack from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Monness Crespi & Hardt increased their price target on Slack from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. DA Davidson cut their price target on Slack to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Credit Suisse Group reaffirmed a “neutral” rating and set a $35.00 price target (down from $40.00) on shares of Slack in a research report on Thursday, September 5th. Finally, Piper Jaffray Companies initiated coverage on Slack in a research report on Monday, October 28th. They set an “overweight” rating and a $30.00 price target on the stock. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $34.22.

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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