Slack (NYSE:WORK) CTO Sells $34,635.00 in Stock

Slack (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $23.09, for a total transaction of $34,635.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Thursday, November 14th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $21.32, for a total transaction of $31,980.00.
  • On Tuesday, November 12th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $20.05, for a total transaction of $30,075.00.
  • 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 transaction of $30,750.00.
  • On Friday, November 1st, Cal Henderson sold 14,809 shares of Slack stock. The shares were sold at an average price of $20.75, for a total transaction of $307,286.75.
  • On Wednesday, October 30th, Cal Henderson sold 1,500 shares of Slack stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $22.58, for a total value of $33,870.00.

Shares of NYSE:WORK traded up $0.52 during trading hours on Wednesday, hitting $21.70. 6,508,538 shares of the company’s stock traded hands, compared to its average volume of 8,358,646. The firm has a fifty day simple moving average of $22.61. Slack has a 1 year low of $19.53 and a 1 year high of $42.00.

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

A number of institutional investors and hedge funds have recently bought and sold shares of WORK. Morgan Stanley bought a new position in Slack in the 2nd quarter valued at $766,211,000. Price T Rowe Associates Inc. MD purchased a new position in Slack in the 2nd quarter worth about $390,768,000. Vanguard Group Inc. purchased a new position in Slack in the 2nd quarter worth about $263,631,000. Viking Global Investors LP bought a new stake in Slack during the 2nd quarter valued at about $170,236,000. Finally, JPMorgan Chase & Co. bought a new stake in Slack during the 2nd quarter valued at about $118,808,000. Institutional investors own 20.01% of the company’s stock.

A number of research firms have issued reports on WORK. Credit Suisse Group reaffirmed a “neutral” rating and issued a $35.00 price objective (down previously from $40.00) on shares of Slack in a research note on Thursday, September 5th. Monness Crespi & Hardt raised their target price on shares of Slack from $39.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Mizuho increased their price objective on shares of Slack from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Wedbush reiterated a “sell” rating and set a $14.00 price objective on shares of Slack in a research report on Tuesday. Finally, Piper Jaffray Companies started coverage on shares of Slack in a report on Monday, October 28th. They issued an “overweight” rating and a $30.00 target price on the stock. One 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’s stock. The stock currently has an average rating of “Buy” and an average price target of $32.63.

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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