Insider Selling: Slack (NYSE:WORK) CTO Sells 1,500 Shares of Stock

Slack (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $21.95, for a total value of $32,925.00.

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

  • On Friday, November 1st, Cal Henderson sold 14,809 shares of Slack stock. The stock was sold at an average price of $20.75, for a total value of $307,286.75.
  • On Monday, October 28th, Cal Henderson sold 1,500 shares of Slack stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $25.05, for a total value of $37,575.00.
  • On Thursday, October 3rd, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $24.09, for a total value of $36,135.00.

Shares of NYSE WORK opened at $20.14 on Thursday. Slack has a 12-month low of $19.86 and a 12-month high of $42.00. The firm’s fifty day moving average is $23.16.

Slack (NYSE:WORK) last posted its quarterly earnings data on Wednesday, September 4th. The company reported ($0.98) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.03) by $0.05. The business had revenue of $144.97 million during the quarter, compared to analyst estimates of $140.60 million. On average, equities research analysts forecast that Slack will post -0.43 earnings per share for the current fiscal year.

Several analysts have issued reports on WORK shares. William Blair started coverage on Slack in a research report on Monday, July 15th. They set an “outperform” rating on the stock. MKM Partners dropped their target price on Slack from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Barclays reaffirmed a “buy” rating and set a $31.00 target price on shares of Slack in a research report on Sunday. Stephens started coverage on Slack in a research report on Thursday, July 11th. They set an “overweight” rating and a $43.00 target price on the stock. Finally, Citigroup dropped their target price on Slack from $39.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $34.22.

Several institutional investors have recently bought and sold shares of WORK. Winslow Evans & Crocker Inc. acquired a new stake in shares of Slack in the 2nd quarter worth $38,000. Commonwealth Equity Services LLC acquired a new stake in shares of Slack in the 2nd quarter worth $1,083,000. Bessemer Group Inc. acquired a new stake in shares of Slack in the 2nd quarter worth $1,358,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Slack in the 2nd quarter worth $225,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Slack in the 2nd quarter worth $41,000. 19.58% of the stock is owned by hedge funds and other institutional investors.

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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