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 on Tuesday, November 12th. The stock was sold at an average price of $20.05, for a total value of $30,075.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Wednesday, November 6th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $20.50, for a total value of $30,750.00.
  • 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 Wednesday, October 30th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $21.95, for a total value of $32,925.00.
  • 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.

Shares of NYSE:WORK traded up $1.17 during trading on Friday, hitting $22.86. The stock had a trading volume of 10,485,997 shares, compared to its average volume of 8,833,587. Slack has a 12-month low of $19.53 and a 12-month high of $42.00. The business’s 50-day moving average price is $22.58.

Slack (NYSE:WORK) last announced its quarterly earnings data on Wednesday, September 4th. The company reported ($0.98) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.03) by $0.05. The firm had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $140.60 million. Research analysts expect that Slack will post -0.43 EPS for the current fiscal year.

A number of equities research analysts have commented on WORK shares. KeyCorp set a $44.00 price target on Slack and gave the company a “buy” rating in a research note on Wednesday, September 4th. Zacks Investment Research upgraded Slack from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Saturday, October 5th. Mizuho increased their price target on Slack from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Morgan Stanley decreased their price target on Slack from $38.00 to $28.00 and set a “weight” rating for the company in a research note on Wednesday, October 16th. Finally, Barclays reiterated a “buy” rating and issued a $31.00 price target on shares of Slack in a research note on Sunday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $32.63.

A number of institutional investors have recently bought and sold shares of WORK. Winslow Evans & Crocker Inc. acquired a new stake in Slack during the second quarter worth about $38,000. Commonwealth Equity Services LLC acquired a new stake in Slack during the second quarter worth about $1,083,000. Bessemer Group Inc. acquired a new stake in Slack during the second quarter worth about $1,358,000. SeaCrest Wealth Management LLC acquired a new stake in Slack during the second quarter worth about $225,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Slack during the second quarter worth about $41,000. 19.83% of the stock is currently owned by hedge funds and other institutional investors.

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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