Slack (NYSE:WORK) CTO Cal Henderson 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 dated Wednesday, February 19th. The stock was sold at an average price of $27.76, for a total value of $41,640.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 Monday, February 10th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $25.33, for a total value of $37,995.00.
  • 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 stock was 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 stock was 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 stock was sold at an average price of $20.83, for a total transaction 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 transaction of $30,360.00.
  • On Thursday, January 23rd, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $21.57, for a total transaction 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 transaction 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 transaction of $34,110.00.

Shares of WORK stock opened at $28.44 on Friday. Slack has a 52-week low of $19.53 and a 52-week high of $42.00. The firm’s 50-day moving average is $23.31 and its 200-day moving average is $24.17.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in WORK. Pegasus Asset Management Inc. increased its holdings in shares of Slack by 1.2% during the 3rd quarter. Pegasus Asset Management Inc. now owns 37,979 shares of the company’s stock worth $901,000 after acquiring an additional 465 shares during the last quarter. CSat Investment Advisory L.P. raised its stake in Slack by 9.8% in the 4th quarter. CSat Investment Advisory L.P. now owns 6,735 shares of the company’s stock valued at $151,000 after acquiring an additional 602 shares during the period. Kiwi Wealth Investments Limited Partnership raised its stake in Slack by 3.4% in the 4th quarter. Kiwi Wealth Investments Limited Partnership now owns 30,272 shares of the company’s stock valued at $681,000 after acquiring an additional 991 shares during the period. Quadrant Capital Group LLC acquired a new stake in Slack during the 4th quarter valued at $27,000. Finally, CWM LLC bought a new position in Slack during the fourth quarter worth $30,000. 39.69% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Slack from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Saturday, January 11th. William Blair reissued a “buy” rating on shares of Slack in a research report on Wednesday, November 20th. Credit Suisse Group reduced their price objective on shares of Slack from $35.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. DA Davidson restated a “neutral” rating and issued a $26.00 price objective on shares of Slack in a report on Tuesday, February 11th. They noted that the move was a valuation call. Finally, Royal Bank of Canada assumed coverage on Slack in a research report on Tuesday, February 4th. They issued an “outperform” rating and a $25.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. Slack currently has a consensus rating of “Buy” and a consensus 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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Insider Buying and Selling by Quarter for Slack (NYSE:WORK)

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