Slack (NYSE:WORK) CTO Sells $34,305.00 in Stock

Slack (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $22.87, for a total value of $34,305.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Friday, December 6th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $22.75, for a total value of $34,125.00.
  • On Wednesday, December 4th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $22.02, for a total value of $33,030.00.
  • On Monday, December 2nd, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $21.87, for a total value of $32,805.00.
  • On Friday, November 29th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.91, for a total value of $34,365.00.
  • On Wednesday, November 27th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.42, for a total value of $33,630.00.
  • On Monday, November 25th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.07, for a total value of $33,105.00.
  • On Friday, November 22nd, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $21.16, for a total transaction of $31,740.00.
  • On Wednesday, November 20th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $21.51, for a total transaction of $32,265.00.
  • On Monday, November 18th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $23.09, for a total transaction of $34,635.00.
  • 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.

Shares of Slack stock traded up $0.03 on Friday, reaching $20.93. 1,797,610 shares of the stock were exchanged, compared to its average volume of 10,300,719. Slack has a 1-year low of $19.53 and a 1-year high of $42.00. The stock’s fifty day simple moving average is $21.72.

Slack (NYSE:WORK) last posted its quarterly earnings results on Wednesday, December 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.07. The firm had revenue of $168.70 million during the quarter, compared to analysts’ expectations of $156.14 million. Slack had a negative net margin of 90.86% and a negative return on equity of 554.57%. The firm’s quarterly revenue was up 59.8% compared to the same quarter last year. Equities analysts forecast that Slack will post -0.33 EPS for the current fiscal year.

WORK has been the topic of several research reports. Credit Suisse Group lowered their price objective on shares of Slack from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Zacks Investment Research cut shares of Slack from a “buy” rating to a “hold” rating in a report on Wednesday. Mizuho increased their target price on shares of Slack from $20.00 to $24.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Citigroup decreased their target price on shares of Slack from $39.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Finally, Morgan Stanley dropped their price target on Slack from $38.00 to $28.00 and set a “weight” rating on the stock in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.05.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meadow Creek Investment Management LLC purchased a new position in shares of Slack during the 2nd quarter worth approximately $25,000. Sterling Investment Advisors Ltd. purchased a new stake in shares of Slack in the second quarter valued at approximately $28,000. Neuburgh Advisers LLC purchased a new stake in shares of Slack in the second quarter valued at approximately $35,000. Griffin Asset Management Inc. purchased a new stake in shares of Slack in the second quarter valued at approximately $37,000. Finally, Tyers Asset Management LLC acquired a new position in Slack during the second quarter worth $44,000. Institutional investors own 33.78% of the company’s stock.

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.

Read More: Stock Portfolio Tracker

Insider Buying and Selling by Quarter for Slack (NYSE:WORK)

Receive News & Ratings for Slack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Slack and related companies with MarketBeat.com's FREE daily email newsletter.