Cal Henderson Sells 1,500 Shares of Slack (NYSE:WORK) Stock

Slack (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $25.33, for a total value of $37,995.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 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 shares were 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 shares were 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 shares were sold at an average price of $20.83, for a total value 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 value 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 value 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 value 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 value 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 value of $34,005.00.

WORK opened at $27.99 on Friday. The business has a 50 day moving average of $22.52 and a 200-day moving average of $24.35. Slack has a 52 week low of $19.53 and a 52 week high of $42.00.

Slack (NYSE:WORK) last released its earnings results on Wednesday, December 4th. The company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.07. The company 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 company’s revenue was up 59.8% on a year-over-year basis. As a group, research analysts expect that Slack will post -0.33 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WORK. Quadrant Capital Group LLC bought a new position in Slack during the 4th quarter valued at approximately $27,000. Sterling Investment Advisors Ltd. increased its position in Slack by 67.6% during the 3rd quarter. Sterling Investment Advisors Ltd. now owns 1,240 shares of the company’s stock valued at $29,000 after buying an additional 500 shares in the last quarter. CWM LLC bought a new position in Slack during the 4th quarter valued at approximately $30,000. PSI Advisors LLC bought a new position in Slack during the 4th quarter valued at approximately $32,000. Finally, Global Retirement Partners LLC bought a new position in Slack during the 3rd quarter valued at approximately $33,000. Institutional investors own 33.60% of the company’s stock.

WORK has been the subject of several research analyst reports. Zacks Investment Research upgraded Slack from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Saturday, January 11th. Credit Suisse Group dropped their price objective on Slack from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. MKM Partners dropped their price objective on Slack from $38.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Wedbush reiterated a “sell” rating and issued a $14.00 price objective on shares of Slack in a report on Tuesday, November 19th. Finally, Royal Bank of Canada initiated coverage on Slack in a report on Tuesday, February 4th. They issued an “outperform” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. Slack currently has an average rating of “Buy” and a consensus target price 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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