Insider Selling: Slack (NYSE:WORK) CTO Sells $37,650.00 in Stock

Slack (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $25.10, for a total value of $37,650.00.

Cal Henderson also recently made the following trade(s):

  • On Tuesday, October 8th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $25.05, for a total value of $37,575.00.
  • On Thursday, October 3rd, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $24.09, for a total value of $36,135.00.
  • On Monday, September 30th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $23.24, for a total value of $34,860.00.
  • On Friday, September 27th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $21.98, for a total value of $32,970.00.
  • On Wednesday, September 25th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $22.26, for a total value of $33,390.00.
  • On Monday, September 23rd, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $24.17, for a total value of $36,255.00.
  • On Friday, September 20th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $25.50, for a total value of $38,250.00.
  • On Wednesday, September 18th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $25.77, for a total value of $38,655.00.
  • On Monday, September 16th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $25.21, for a total value of $37,815.00.
  • On Wednesday, September 11th, Cal Henderson sold 1,500 shares of Slack stock. The stock was sold at an average price of $25.67, for a total value of $38,505.00.

NYSE:WORK traded up $2.17 during trading hours on Friday, reaching $25.99. 15,007,581 shares of the stock were exchanged, compared to its average volume of 8,780,602. Slack has a twelve month low of $21.25 and a twelve month high of $42.00. The company’s 50 day simple moving average is $26.18.

A number of large investors have recently added to or reduced their stakes in WORK. Meadow Creek Investment Management LLC acquired a new position in Slack during the 2nd quarter worth approximately $25,000. Sterling Investment Advisors Ltd. acquired a new position in Slack during the 2nd quarter worth approximately $28,000. Neuburgh Advisers LLC acquired a new position in Slack during the 2nd quarter worth approximately $35,000. Griffin Asset Management Inc. acquired a new position in Slack during the 2nd quarter worth approximately $37,000. Finally, Gables Capital Management Inc. acquired a new position in Slack during the 2nd quarter worth approximately $38,000. 19.35% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on WORK shares. Oppenheimer began coverage on Slack in a research report on Tuesday, July 9th. They set a “market perform” rating and a $35.00 target price for the company. Morgan Stanley began coverage on Slack in a research report on Tuesday, July 16th. They issued an “equal weight” rating and a $38.00 price objective for the company. DA Davidson decreased their price objective on Slack to $26.00 and set a “neutral” rating for the company in a research report on Wednesday. William Blair began coverage on Slack in a research report on Monday, July 15th. They issued an “outperform” rating for the company. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $35.00 price objective (down from $40.00) on shares of Slack in a research report on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Slack presently has a consensus rating of “Buy” and a consensus target price of $35.94.

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

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