Insider Selling: Slack (NYSE:WORK) CTO Sells 1,500 Shares of Stock

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Slack (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $20.50, for a total value of $30,750.00.

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

  • 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 value 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 stock was 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 stock was 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 stock was sold at an average price of $22.58, for a total value of $33,870.00.
  • On Friday, October 11th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $24.00, for a total value of $36,000.00.
  • On Tuesday, October 15th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $24.00, for a total value of $36,000.00.
  • On Tuesday, October 8th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $25.05, for a total value of $37,575.00.

Shares of NYSE:WORK traded up $0.16 during trading on Friday, hitting $20.50. 9,383,960 shares of the company’s stock were exchanged, compared to its average volume of 8,348,680. Slack has a 52-week low of $19.69 and a 52-week high of $42.00. The firm has a 50-day moving average of $22.95.

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

Large investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC bought a new position in Slack during the second quarter valued at approximately $25,000. Sterling Investment Advisors Ltd. bought a new position in Slack during the second quarter valued at approximately $28,000. Neuburgh Advisers LLC bought a new position in Slack during the second quarter valued at approximately $35,000. Venturi Wealth Management LLC bought a new position in Slack during the third quarter valued at approximately $36,000. Finally, Griffin Asset Management Inc. bought a new position in Slack during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 19.58% of the company’s stock.

WORK has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on Slack from $38.00 to $28.00 and set a “weight” rating for the company in a research report on Wednesday, October 16th. Wedbush initiated coverage on Slack in a research report on Thursday. They issued an “underperform” rating and a $14.00 price target for the company. Goldman Sachs Group set a $34.00 price target on Slack and gave the stock a “hold” rating in a research report on Thursday, September 5th. William Blair initiated coverage on Slack in a research report on Monday, July 15th. They issued an “outperform” rating for the company. Finally, Monness Crespi & Hardt upped their price target on Slack from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Slack currently has a consensus rating of “Buy” and a consensus price target of $33.16.

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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