Slack (NASDAQ:WORK) Now Covered by Oppenheimer

Oppenheimer began coverage on shares of Slack (NASDAQ:WORK) in a report released on Tuesday morning, The Fly reports. The firm issued a market perform rating and a $35.00 price objective on the stock. Oppenheimer also issued estimates for Slack’s Q2 2020 earnings at ($0.20) EPS, Q3 2020 earnings at ($0.07) EPS, Q4 2020 earnings at ($0.06) EPS, FY2020 earnings at ($0.43) EPS, Q1 2021 earnings at ($0.07) EPS, Q2 2021 earnings at ($0.07) EPS, Q3 2021 earnings at ($0.07) EPS, Q4 2021 earnings at ($0.05) EPS and FY2021 earnings at ($0.26) EPS.

Several other analysts also recently issued reports on the company. Atlantic Securities assumed coverage on Slack in a report on Wednesday, June 19th. They issued an overweight rating and a $37.00 price target for the company. DA Davidson increased their price target on Slack to $31.00 and gave the company an average rating in a report on Tuesday, June 11th. Finally, Robert W. Baird assumed coverage on Slack in a report on Tuesday, June 25th. They issued an outperform rating and a $44.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Slack presently has a consensus rating of Buy and a consensus target price of $38.00.

WORK stock opened at $35.00 on Tuesday. Slack has a 52 week low of $34.46 and a 52 week high of $42.00.



In related news, CFO Allen Shim sold 502,925 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $38.59, for a total value of $19,407,875.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Parallel Fund Iv-A L.P. Ah sold 3,000,000 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $38.66, for a total value of $115,980,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,896,311 shares of company stock valued at $266,875,107.

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The Fly

Analyst Recommendations for Slack (NASDAQ:WORK)

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