Cal Henderson Sells 1,500 Shares of Slack (NYSE:WORK) Stock

Slack (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $25.33, for a total value of $37,995.00. The transaction 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 Wednesday, February 12th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $25.45, for a total value of $38,175.00.
  • On Thursday, February 6th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $23.00, for a total value of $34,500.00.
  • On Tuesday, February 4th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.84, for a total value of $34,260.00.
  • On Friday, January 31st, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $20.30, for a total value of $30,450.00.
  • On Wednesday, January 29th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $20.83, for a total value of $31,245.00.
  • On Monday, January 27th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $20.24, for a total value of $30,360.00.
  • On Thursday, January 23rd, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $21.57, for a total value of $32,355.00.
  • On Tuesday, January 21st, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $22.42, for a total value of $33,630.00.
  • On Friday, January 17th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $22.74, for a total value of $34,110.00.
  • On Wednesday, January 15th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $22.67, for a total value of $34,005.00.

WORK stock opened at $27.99 on Friday. The stock’s fifty day simple moving average is $22.52 and its two-hundred day simple moving average is $24.35. Slack has a 1-year low of $19.53 and a 1-year high of $42.00.

Slack (NYSE:WORK) last posted its quarterly earnings data on Wednesday, December 4th. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.07. Slack had a negative return on equity of 554.57% and a negative net margin of 90.86%. The business had revenue of $168.70 million for the quarter, compared to analysts’ expectations of $156.14 million. The company’s quarterly revenue was up 59.8% on a year-over-year basis. As a group, research analysts predict that Slack will post -0.33 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of WORK. AH Equity Partners I L.L.C. purchased a new position in Slack in the fourth quarter worth $220,628,000. FMR LLC boosted its position in Slack by 142.1% in the fourth quarter. FMR LLC now owns 10,336,759 shares of the company’s stock worth $232,370,000 after purchasing an additional 6,067,761 shares during the last quarter. Spark Growth Management Partners LLC purchased a new position in Slack in the fourth quarter worth $113,570,000. AH Equity Partners IV Parallel L.L.C. purchased a new position in Slack in the fourth quarter worth $85,793,000. Finally, FIL Ltd boosted its position in Slack by 21.4% in the fourth quarter. FIL Ltd now owns 12,518,844 shares of the company’s stock worth $281,423,000 after purchasing an additional 2,204,105 shares during the last quarter. 33.60% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on WORK. Barclays reiterated a “buy” rating and set a $31.00 price target on shares of Slack in a report on Sunday, November 3rd. Credit Suisse Group decreased their price target on Slack from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Stephens began coverage on Slack in a report on Thursday, December 5th. They set a “buy” rating and a $37.00 price target for the company. William Blair reiterated a “buy” rating on shares of Slack in a report on Wednesday, November 20th. Finally, Zacks Investment Research upgraded Slack from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Saturday, January 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. Slack currently has a consensus rating of “Buy” and an average price target of $30.76.

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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