Insider Selling: Slack Technologies, Inc. (NYSE:WORK) CTO Sells $47,415.00 in Stock

Slack Technologies, Inc. (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the firm’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $31.61, for a total value of $47,415.00. Following the completion of the transaction, the chief technology officer now owns 42,061 shares in the company, valued at $1,329,548.21. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Wednesday, October 14th, Cal Henderson sold 1,500 shares of Slack Technologies stock. The shares were sold at an average price of $32.45, for a total value of $48,675.00.
  • On Friday, October 9th, Cal Henderson sold 1,500 shares of Slack Technologies stock. The shares were sold at an average price of $30.16, for a total value of $45,240.00.
  • On Wednesday, October 7th, Cal Henderson sold 1,500 shares of Slack Technologies stock. The shares were sold at an average price of $30.00, for a total value of $45,000.00.
  • On Tuesday, September 8th, Cal Henderson sold 1,500 shares of Slack Technologies stock. The shares were sold at an average price of $30.01, for a total value of $45,015.00.
  • On Friday, September 4th, Cal Henderson sold 1,500 shares of Slack Technologies stock. The shares were sold at an average price of $30.83, for a total value of $46,245.00.
  • On Wednesday, September 2nd, Cal Henderson sold 1,500 shares of Slack Technologies stock. The shares were sold at an average price of $33.75, for a total value of $50,625.00.
  • On Monday, August 31st, Cal Henderson sold 3,000 shares of Slack Technologies stock. The shares were sold at an average price of $32.05, for a total value of $96,150.00.
  • On Thursday, August 27th, Cal Henderson sold 3,000 shares of Slack Technologies stock. The shares were sold at an average price of $30.27, for a total value of $90,810.00.
  • On Friday, August 21st, Cal Henderson sold 3,000 shares of Slack Technologies stock. The shares were sold at an average price of $30.06, for a total value of $90,180.00.
  • On Wednesday, August 5th, Cal Henderson sold 1,500 shares of Slack Technologies stock. The shares were sold at an average price of $30.09, for a total value of $45,135.00.

Shares of NYSE WORK opened at $32.25 on Friday. The business’s 50 day moving average is $28.58 and its two-hundred day moving average is $29.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.29 and a quick ratio of 3.29. Slack Technologies, Inc. has a 1-year low of $15.10 and a 1-year high of $40.07. The stock has a market capitalization of $18.40 billion, a P/E ratio of -55.60 and a beta of -0.21.

Slack Technologies (NYSE:WORK) last announced its earnings results on Tuesday, September 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.03. Slack Technologies had a negative return on equity of 39.14% and a negative net margin of 42.73%. The business had revenue of $215.90 million during the quarter, compared to analyst estimates of $209.22 million. During the same quarter in the previous year, the business earned ($0.14) earnings per share. The company’s revenue for the quarter was up 48.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Slack Technologies, Inc. will post -0.55 earnings per share for the current fiscal year.

Several brokerages have recently commented on WORK. Barclays lowered their price objective on Slack Technologies from $38.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 9th. They noted that the move was a valuation call. Goldman Sachs Group downgraded Slack Technologies from a “neutral” rating to a “sell” rating and set a $30.00 price objective on the stock. in a research report on Friday, June 19th. They noted that the move was a valuation call. Zacks Investment Research upgraded Slack Technologies from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Thursday, August 6th. DA Davidson lowered their price objective on Slack Technologies from $32.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 9th. Finally, Mizuho lowered their price objective on Slack Technologies from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $32.33.

Several large investors have recently made changes to their positions in WORK. Victory Capital Management Inc. boosted its position in shares of Slack Technologies by 680.5% during the first quarter. Victory Capital Management Inc. now owns 134,593 shares of the company’s stock valued at $3,612,000 after buying an additional 117,349 shares during the period. Federated Hermes Inc. purchased a new position in shares of Slack Technologies during the first quarter valued at approximately $802,000. Deutsche Bank AG boosted its position in shares of Slack Technologies by 740.9% during the first quarter. Deutsche Bank AG now owns 129,647 shares of the company’s stock valued at $3,479,000 after buying an additional 114,230 shares during the period. Wells Fargo & Company MN boosted its position in shares of Slack Technologies by 78.5% during the first quarter. Wells Fargo & Company MN now owns 993,298 shares of the company’s stock valued at $26,660,000 after buying an additional 436,897 shares during the period. Finally, Two Sigma Advisers LP boosted its position in shares of Slack Technologies by 104.3% during the first quarter. Two Sigma Advisers LP now owns 23,700 shares of the company’s stock valued at $636,000 after buying an additional 12,100 shares during the period. Institutional investors and hedge funds own 65.92% of the company’s stock.

About Slack Technologies

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 Technologies (NYSE:WORK)

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