Stewart Butterfield Sells 2,500 Shares of Slack (NASDAQ:WORK) Stock

Slack (NASDAQ:WORK) CEO Stewart Butterfield sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $29.68, for a total value of $74,200.00. Following the completion of the sale, the chief executive officer now directly owns 37,755 shares of the company’s stock, valued at approximately $1,120,568.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stewart Butterfield also recently made the following trade(s):

  • On Monday, September 9th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $25.11, for a total value of $62,775.00.
  • On Thursday, September 5th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $28.92, for a total value of $72,300.00.
  • On Tuesday, September 3rd, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $28.41, for a total value of $71,025.00.
  • On Monday, July 29th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $33.18, for a total value of $82,950.00.
  • On Wednesday, July 31st, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $33.26, for a total value of $83,150.00.
  • On Friday, August 2nd, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $31.09, for a total value of $77,725.00.
  • On Friday, August 9th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $30.96, for a total value of $77,400.00.
  • On Friday, August 16th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $30.15, for a total value of $75,375.00.
  • On Tuesday, August 20th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $30.52, for a total value of $76,300.00.
  • On Monday, August 26th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $30.72, for a total value of $76,800.00.

Shares of WORK stock traded down $0.22 during mid-day trading on Friday, hitting $25.40. The stock had a trading volume of 1,040,874 shares, compared to its average volume of 7,600,375. Slack has a 12-month low of $23.93 and a 12-month high of $42.00. The stock has a 50-day moving average of $30.37.

Slack (NASDAQ:WORK) last issued its quarterly earnings data on Monday, June 10th. The company reported ($0.26) earnings per share for the quarter. The company had revenue of $134.82 million during the quarter.

A number of hedge funds have recently bought and sold shares of WORK. Meadow Creek Investment Management LLC acquired a new stake in shares of Slack in the second quarter valued at $25,000. Sterling Investment Advisors Ltd. acquired a new stake in shares of Slack in the second quarter valued at $28,000. Neuburgh Advisers LLC acquired a new stake in shares of Slack in the second quarter valued at $35,000. Griffin Asset Management Inc. acquired a new stake in shares of Slack in the second quarter valued at $37,000. Finally, Gables Capital Management Inc. acquired a new position in Slack during the 2nd quarter worth $38,000.

A number of equities research analysts have issued reports on WORK shares. KeyCorp set a $44.00 price target on Slack and gave the company a “buy” rating in a research note on Wednesday, September 4th. Mizuho initiated coverage on Slack in a research report on Thursday. They set a “neutral” rating and a $26.00 price objective on the stock. Barclays lowered their price objective on Slack from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley started coverage on Slack in a report on Tuesday, July 16th. They issued an “equal weight” rating and a $38.00 price target on the stock. Finally, Sanford C. Bernstein started coverage on Slack in a report on Wednesday, August 14th. They issued a “market perform” rating and a $31.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Slack has an average rating of “Hold” and an average target price of $36.75.

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