Slack (NYSE:WORK) CEO Stewart Butterfield sold 2,500 shares of Slack stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $23.92, for a total value of $59,800.00. Following the completion of the sale, the chief executive officer now owns 251,155 shares in the company, valued at $6,007,627.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Stewart Butterfield also recently made the following trade(s):
- On Thursday, January 23rd, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $21.55, for a total transaction of $53,875.00.
- On Tuesday, January 21st, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $22.37, for a total transaction of $55,925.00.
- On Friday, January 17th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $22.66, for a total value of $56,650.00.
- On Wednesday, January 15th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $22.64, for a total value of $56,600.00.
- On Monday, January 13th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $23.21, for a total value of $58,025.00.
- On Friday, January 10th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $23.06, for a total value of $57,650.00.
- On Monday, January 6th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $23.33, for a total value of $58,325.00.
- On Friday, January 3rd, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $22.61, for a total value of $56,525.00.
- On Thursday, December 26th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $21.74, for a total transaction of $54,350.00.
- On Wednesday, December 18th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $21.11, for a total transaction of $52,775.00.
Slack stock opened at $20.06 on Tuesday. Slack has a 52-week low of $19.53 and a 52-week high of $42.00. The firm has a fifty day moving average of $22.03 and a 200-day moving average of $25.25.
Slack (NYSE:WORK) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.07. The company had revenue of $168.70 million for 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 quarterly revenue was up 59.8% on a year-over-year basis. Research analysts anticipate that Slack will post -0.33 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Morgan Stanley purchased a new stake in Slack during the 2nd quarter worth $766,211,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Slack during the second quarter worth about $390,768,000. Vanguard Group Inc. acquired a new position in shares of Slack in the second quarter worth about $263,631,000. Viking Global Investors LP acquired a new position in shares of Slack in the second quarter worth about $170,236,000. Finally, OZ Management LP purchased a new position in Slack in the second quarter valued at about $82,920,000. Institutional investors and hedge funds own 33.57% of the company’s stock.
Several analysts have issued reports on the stock. Stephens initiated coverage on shares of Slack in a report on Thursday, December 5th. They issued a “buy” rating and a $37.00 price target on the stock. DA Davidson cut their price objective on Slack to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Barclays reaffirmed a “buy” rating and issued a $31.00 target price on shares of Slack in a research note on Sunday, November 3rd. Robert W. Baird boosted their target price on shares of Slack to $31.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, MKM Partners cut their price objective on shares of Slack from $38.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. Slack has a consensus rating of “Buy” and a consensus price target of $31.11.
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.
