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

Slack (NASDAQ:WORK) CEO Stewart Butterfield sold 2,500 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $33.18, for a total value of $82,950.00. Following the completion of the sale, the chief executive officer now directly owns 95,905 shares of the company’s stock, valued at approximately $3,182,127.90. 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 stock was sold at an average price of $28.41, for a total value of $71,025.00.
  • 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 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.

Shares of NASDAQ WORK traded down $0.22 during trading hours on Friday, hitting $25.40. 1,040,874 shares of the company traded hands, compared to its average volume of 7,600,375. The firm’s 50 day moving average is $30.37. Slack has a 12 month low of $23.93 and a 12 month high of $42.00.

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

A number of equities research analysts have issued reports on WORK shares. Barclays cut their price target on Slack from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Atlantic Securities initiated coverage on Slack in a research report on Wednesday, June 19th. They set an “overweight” rating and a $37.00 price objective on the stock. KeyCorp set a $44.00 price objective on Slack and gave the company a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research cut Slack from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, Mizuho started coverage on Slack in a report on Thursday. They issued a “neutral” rating and a $26.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. Slack has an average rating of “Hold” and an average target price of $36.75.

Several hedge funds have recently modified their holdings of the business. D L Carlson Investment Group Inc. purchased a new stake in shares of Slack in the 2nd quarter worth $2,209,000. Griffin Asset Management Inc. purchased a new stake in shares of Slack in the 2nd quarter worth $37,000. Greylock Xii GP LLC purchased a new stake in shares of Slack in the 2nd quarter worth $2,494,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Slack during the 2nd quarter worth $3,074,000. Finally, KCL Capital L.P. purchased a new stake in shares of Slack during the 2nd quarter worth $8,063,000.

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Insider Buying and Selling by Quarter for Slack (NASDAQ:WORK)

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