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

Slack (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.45, for a total transaction of $38,175.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Monday, February 10th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $25.33, for a total transaction of $37,995.00.
  • On Thursday, February 6th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $23.00, for a total transaction 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 transaction 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 transaction 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 stock was 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.
  • On Wednesday, January 15th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $22.67, for a total transaction of $34,005.00.

NYSE:WORK opened at $27.99 on Friday. Slack has a fifty-two week low of $19.53 and a fifty-two week high of $42.00. The company’s 50-day simple moving average is $22.52 and its 200-day simple moving average is $24.35.

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

Several research analysts have issued reports on the stock. Barclays reiterated a “buy” rating and set a $31.00 target price on shares of Slack in a report on Sunday, November 3rd. ValuEngine upgraded shares of Slack from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Credit Suisse Group dropped their target price on shares of Slack from $35.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Monness Crespi & Hardt assumed coverage on shares of Slack in a report on Thursday, December 5th. They set a “buy” rating and a $41.00 target price on the stock. Finally, Wedbush reiterated a “sell” rating and set a $14.00 target price on shares of Slack in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Slack has an average rating of “Buy” and a consensus price target of $30.76.

Large investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC acquired a new stake in Slack in the 4th quarter worth approximately $27,000. CWM LLC acquired a new stake in Slack in the 4th quarter worth approximately $30,000. PSI Advisors LLC acquired a new stake in Slack in the 4th quarter worth approximately $32,000. Global Retirement Partners LLC acquired a new stake in Slack in the 3rd quarter worth approximately $33,000. Finally, Venturi Wealth Management LLC acquired a new stake in Slack in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 33.60% 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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