Slack (NYSE:WORK) CFO Allen Shim sold 4,858 shares of Slack stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $21.84, for a total value of $106,098.72. Following the sale, the chief financial officer now directly owns 37,460 shares in the company, valued at approximately $818,126.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Allen Shim also recently made the following trade(s):

  • On Friday, November 1st, Allen Shim sold 28,321 shares of Slack stock. The shares were sold at an average price of $20.75, for a total value of $587,660.75.
  • On Monday, October 7th, Allen Shim sold 20,000 shares of Slack stock. The shares were sold at an average price of $1.44, for a total value of $28,800.00.
  • On Tuesday, October 1st, Allen Shim sold 3,905 shares of Slack stock. The shares were sold at an average price of $22.98, for a total value of $89,736.90.

NYSE:WORK traded down $0.91 during trading hours on Wednesday, reaching $21.66. The stock had a trading volume of 16,227,053 shares, compared to its average volume of 8,219,059. Slack has a 52 week low of $19.53 and a 52 week high of $42.00. The company’s 50 day moving average price is $21.85.

Slack (NYSE:WORK) last announced its earnings results on Wednesday, September 4th. The company reported ($0.98) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.03) by $0.05. The company had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $140.60 million. On average, equities research analysts expect that Slack will post -0.43 EPS for the current fiscal year.

Several analysts recently issued reports on the company. Monness Crespi & Hardt lifted their target price on Slack from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Goldman Sachs Group set a $34.00 price objective on Slack and gave the stock a “hold” rating in a research note on Thursday, September 5th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $35.00 price objective (down previously from $40.00) on shares of Slack in a research note on Thursday, September 5th. Barclays reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Slack in a research note on Sunday, November 3rd. Finally, MKM Partners reduced their price objective on Slack from $38.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $32.63.

Several institutional investors have recently made changes to their positions in WORK. Commonwealth Equity Services LLC purchased a new position in shares of Slack in the 2nd quarter worth approximately $1,083,000. Creative Planning purchased a new position in shares of Slack in the 2nd quarter worth approximately $1,475,000. State Treasurer State of Michigan purchased a new position in shares of Slack in the 2nd quarter worth approximately $4,526,000. Janney Montgomery Scott LLC purchased a new position in shares of Slack in the 2nd quarter worth approximately $211,000. Finally, P.A.W. Capital Corp purchased a new position in shares of Slack in the 2nd quarter worth approximately $281,000. Hedge funds and other institutional investors own 33.78% of the company’s stock.

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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