Slack (NASDAQ:WORK) CEO Stewart Butterfield sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $35.38, for a total value of $88,450.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Monday, July 8th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $35.11, for a total value of $87,775.00.
  • On Friday, July 5th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $35.70, for a total value of $89,250.00.
  • On Tuesday, July 2nd, Stewart Butterfield sold 113,763 shares of Slack stock. The shares were sold at an average price of $37.06, for a total value of $4,216,056.78.
  • On Friday, June 28th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $36.70, for a total value of $91,750.00.
  • On Wednesday, June 26th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $36.80, for a total value of $92,000.00.
  • On Monday, June 24th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $36.17, for a total value of $90,425.00.
  • On Friday, June 21st, Stewart Butterfield sold 1,360,909 shares of Slack stock. The shares were sold at an average price of $39.07, for a total value of $53,170,714.63.

Shares of NASDAQ:WORK traded down $1.27 during mid-day trading on Friday, hitting $33.73. 14,958,220 shares of the company traded hands, compared to its average volume of 10,753,301. Slack has a 12-month low of $33.37 and a 12-month high of $42.00.

A number of equities research analysts have commented on WORK shares. Robert W. Baird started coverage on Slack in a research note on Tuesday, June 25th. They issued an “outperform” rating and a $44.00 price objective for the company. Stephens started coverage on Slack in a research note on Thursday. They issued an “overweight” rating and a $43.00 price objective for the company. DA Davidson raised their price objective on Slack to $31.00 and gave the company an “average” rating in a research note on Tuesday, June 11th. Oppenheimer raised their price objective on Valeritas from $1.25 to $12.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Atlantic Securities started coverage on Slack in a research note on Wednesday, June 19th. They issued an “overweight” rating and a $37.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.00.

Further Reading: Insider Trading – What You Need to Know

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

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