Slack (NYSE:WORK) CFO Allen Shim Sells 3,905 Shares

Slack (NYSE:WORK) CFO Allen Shim sold 3,905 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $22.98, for a total transaction of $89,736.90.

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

  • 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 Thursday, August 1st, Allen Shim sold 28,510 shares of Slack stock. The shares were sold at an average price of $32.78, for a total transaction of $934,557.80.
  • 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.

WORK stock traded up $1.08 during trading on Monday, hitting $26.05. The company had a trading volume of 7,723,614 shares, compared to its average volume of 7,906,382. The firm has a 50 day moving average price of $26.93. Slack has a fifty-two week low of $21.25 and a fifty-two week high of $42.00.



Several equities analysts have recently issued reports on the stock. KeyCorp set a $44.00 price target on shares of Slack and gave the company a “buy” rating in a report on Wednesday, September 4th. Citigroup reduced their price target on shares of Slack from $39.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Stephens assumed coverage on shares of Slack in a report on Thursday, July 11th. They set an “overweight” rating and a $43.00 price target for the company. William Blair assumed coverage on shares of Slack in a report on Monday, July 15th. They set an “outperform” rating for the company. Finally, Morgan Stanley initiated coverage on shares of Slack in a report on Tuesday, July 16th. They set an “equal weight” rating and a $38.00 price target for the company. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Slack currently has an average rating of “Buy” and an average target price of $36.24.

A number of hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. acquired a new stake in Slack in the second quarter worth about $96,000. D L Carlson Investment Group Inc. acquired a new stake in Slack in the second quarter worth about $2,209,000. Griffin Asset Management Inc. acquired a new stake in Slack in the second quarter worth about $37,000. Greylock Xii GP LLC acquired a new stake in Slack in the second quarter worth about $2,494,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Slack in the second quarter worth about $3,074,000. 19.35% of the stock is owned by institutional investors and hedge funds.

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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