Slack (NYSE:WORK) CTO Sells $47,370.00 in Stock

Slack (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $31.58, for a total transaction of $47,370.00. Following the sale, the chief technology officer now owns 43,560 shares of the company’s stock, valued at approximately $1,375,624.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, July 20th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $33.02, for a total transaction of $49,530.00.
  • On Friday, July 17th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $31.84, for a total transaction of $47,760.00.
  • On Wednesday, July 15th, Cal Henderson sold 3,000 shares of Slack stock. The stock was sold at an average price of $31.94, for a total transaction of $95,820.00.
  • On Monday, July 13th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $34.91, for a total value of $52,365.00.
  • On Friday, July 10th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $33.75, for a total value of $50,625.00.
  • On Wednesday, July 8th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $33.27, for a total value of $49,905.00.
  • On Monday, July 6th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $31.15, for a total value of $46,725.00.
  • On Thursday, July 2nd, Cal Henderson sold 4,412 shares of Slack stock. The shares were sold at an average price of $30.73, for a total transaction of $135,580.76.
  • On Tuesday, June 30th, Cal Henderson sold 3,000 shares of Slack stock. The stock was sold at an average price of $30.84, for a total transaction of $92,520.00.
  • On Friday, June 26th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $32.58, for a total transaction of $48,870.00.

WORK opened at $29.72 on Monday. The business’s fifty day simple moving average is $32.31 and its 200 day simple moving average is $27.67. Slack has a 52 week low of $15.10 and a 52 week high of $40.07. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.74. The stock has a market cap of $16.55 billion and a PE ratio of -20.78.

Slack (NYSE:WORK) last announced its quarterly earnings data on Thursday, June 4th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.12. The firm had revenue of $201.65 million for the quarter, compared to analyst estimates of $188.12 million. Slack had a negative return on equity of 79.21% and a negative net margin of 87.91%. Slack’s revenue for the quarter was up 49.6% compared to the same quarter last year. As a group, equities analysts anticipate that Slack will post -0.58 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of WORK. Morgan Stanley raised its stake in shares of Slack by 61.1% during the first quarter. Morgan Stanley now owns 57,901,739 shares of the company’s stock worth $1,554,083,000 after acquiring an additional 21,959,800 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Slack by 376.7% during the 4th quarter. Alliancebernstein L.P. now owns 6,620,586 shares of the company’s stock valued at $148,831,000 after purchasing an additional 5,231,846 shares during the last quarter. Wellington Management Group LLP raised its position in Slack by 16.9% in the 1st quarter. Wellington Management Group LLP now owns 31,474,971 shares of the company’s stock worth $844,789,000 after purchasing an additional 4,556,329 shares during the period. Nuveen Asset Management LLC bought a new stake in Slack in the fourth quarter worth $58,993,000. Finally, Yale University purchased a new stake in Slack during the first quarter valued at about $45,103,000. Institutional investors and hedge funds own 51.75% of the company’s stock.

Several research analysts recently commented on the stock. Monness Crespi & Hardt downgraded shares of Slack from a “buy” rating to a “neutral” rating in a report on Friday, June 5th. They noted that the move was a valuation call. Barclays raised Slack to a “buy” rating in a report on Friday, June 19th. Oppenheimer reiterated a “hold” rating on shares of Slack in a research note on Friday, June 5th. Wells Fargo & Co cut their target price on Slack from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. Finally, Stephens increased their price target on shares of Slack from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company. Slack presently has a consensus rating of “Buy” and a consensus price target of $34.08.

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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