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

Slack (NASDAQ:WORK) CEO Stewart Butterfield sold 2,500 shares of Slack stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $25.11, for a total value of $62,775.00.

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

  • 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 Thursday, August 29th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $29.68, for a total value of $74,200.00.
  • 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.

WORK stock opened at $25.45 on Friday. The stock has a 50 day moving average of $30.37. Slack has a fifty-two week low of $23.93 and a fifty-two week high of $42.00.

Slack (NASDAQ:WORK) last posted 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 for the quarter.

Hedge funds have recently bought and sold shares of the stock. Meadow Creek Investment Management LLC bought a new position in Slack in the 2nd quarter worth approximately $25,000. Sterling Investment Advisors Ltd. bought a new position in Slack in the 2nd quarter worth approximately $28,000. Neuburgh Advisers LLC bought a new position in Slack in the 2nd quarter worth approximately $35,000. Gables Capital Management Inc. bought a new position in Slack in the 2nd quarter worth approximately $38,000. Finally, Winslow Evans & Crocker Inc. bought a new position in Slack in the 2nd quarter worth approximately $38,000.

A number of research analysts have recently issued reports on the stock. Barclays cut their target price on shares of Slack from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Mizuho assumed coverage on shares of Slack in a research note on Thursday. They issued a “neutral” rating and a $26.00 target price for the company. Citigroup cut their target price on shares of Slack from $39.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. DA Davidson lifted their target price on shares of Slack to $31.00 and gave the company an “average” rating in a research note on Tuesday, June 11th. Finally, Atlantic Securities assumed coverage on shares of Slack in a research note on Wednesday, June 19th. They issued an “overweight” rating and a $37.00 target price for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $36.75.

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