Slack (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $32.58, for a total value of $48,870.00. Following the completion of the sale, the chief technology officer now owns 44,972 shares in the company, valued at $1,465,187.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, June 24th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $32.64, for a total transaction of $48,960.00.
  • On Monday, June 22nd, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $33.72, for a total transaction of $50,580.00.
  • On Thursday, June 18th, Cal Henderson sold 3,000 shares of Slack stock. The stock was sold at an average price of $33.29, for a total value of $99,870.00.
  • On Monday, June 15th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $30.00, for a total value of $45,000.00.
  • On Friday, June 12th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $30.75, for a total value of $46,125.00.
  • On Wednesday, June 10th, Cal Henderson sold 3,000 shares of Slack stock. The stock was sold at an average price of $30.34, for a total value of $91,020.00.
  • On Wednesday, June 3rd, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $39.38, for a total transaction of $59,070.00.
  • On Monday, June 1st, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $35.58, for a total transaction of $53,370.00.
  • On Thursday, May 28th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $32.22, for a total transaction of $48,330.00.
  • On Tuesday, May 26th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $32.00, for a total transaction of $48,000.00.

Shares of WORK opened at $31.09 on Wednesday. Slack has a 1-year low of $15.10 and a 1-year high of $40.07. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.74. The firm’s 50-day moving average price is $32.59 and its 200-day moving average price is $26.42. The firm has a market capitalization of $17.31 billion and a price-to-earnings ratio of -21.74.

Slack (NYSE:WORK) last posted its quarterly earnings data on Thursday, June 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.12. Slack had a negative return on equity of 79.21% and a negative net margin of 87.91%. The business had revenue of $201.65 million during the quarter, compared to the consensus estimate of $188.12 million. The business’s revenue for the quarter was up 49.6% on a year-over-year basis. On average, research analysts forecast that Slack will post -0.58 EPS for the current fiscal year.

WORK has been the topic of a number of research analyst reports. Cowen began coverage on Slack in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $45.00 target price on the stock. MKM Partners decreased their price target on shares of Slack from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Piper Sandler lifted their price objective on shares of Slack from $31.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Stephens raised their price target on Slack from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Finally, Goldman Sachs Group cut shares of Slack from a “neutral” rating to a “sell” rating and set a $30.00 price target on the stock. in a research report on Friday, June 19th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $33.74.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Belpointe Asset Management LLC bought a new position in shares of Slack in the fourth quarter worth approximately $374,000. BlackRock Inc. increased its stake in Slack by 88.1% in the 1st quarter. BlackRock Inc. now owns 1,488,048 shares of the company’s stock worth $39,939,000 after buying an additional 696,835 shares in the last quarter. Credit Suisse AG increased its stake in Slack by 32.0% in the 4th quarter. Credit Suisse AG now owns 191,437 shares of the company’s stock worth $4,303,000 after buying an additional 46,454 shares in the last quarter. Financial Counselors Inc. purchased a new position in shares of Slack in the first quarter valued at about $743,000. Finally, Wells Fargo & Company MN lifted its position in shares of Slack by 78.5% in the first quarter. Wells Fargo & Company MN now owns 993,298 shares of the company’s stock valued at $26,660,000 after acquiring an additional 436,897 shares in the last quarter. Institutional investors and hedge funds own 51.91% of the company’s stock.

Slack Company Profile

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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