Slack (NYSE:WORK) CEO Stewart Butterfield sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $20.75, for a total transaction of $51,875.00.

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

  • On Wednesday, October 30th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $21.95, for a total transaction of $54,875.00.
  • On Monday, October 28th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $22.00, for a total transaction of $55,000.00.
  • On Friday, October 25th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $23.04, for a total transaction of $57,600.00.
  • On Wednesday, October 23rd, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $21.21, for a total transaction of $53,025.00.
  • On Monday, October 21st, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $21.12, for a total transaction of $52,800.00.
  • On Thursday, October 17th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $22.58, for a total transaction of $56,450.00.
  • On Friday, October 11th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $24.00, for a total transaction of $60,000.00.
  • On Tuesday, October 15th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $24.00, for a total transaction of $60,000.00.
  • On Tuesday, October 8th, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $25.05, for a total transaction of $62,625.00.
  • On Thursday, October 3rd, Stewart Butterfield sold 2,500 shares of Slack stock. The stock was sold at an average price of $24.12, for a total transaction of $60,300.00.

NYSE:WORK opened at $20.34 on Friday. The business has a 50 day moving average of $23.05. Slack has a 12 month low of $19.83 and a 12 month high of $42.00.

Slack (NYSE:WORK) last posted its quarterly earnings results on Wednesday, September 4th. The company reported ($0.98) EPS for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.05. The company had revenue of $144.97 million during the quarter, compared to the consensus estimate of $140.60 million. On average, analysts expect that Slack will post -0.43 earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. DA Davidson dropped their target price on shares of Slack to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Morgan Stanley dropped their target price on shares of Slack from $38.00 to $28.00 and set a “weight” rating on the stock in a research report on Wednesday, October 16th. Credit Suisse Group reissued a “neutral” rating and set a $35.00 target price (down previously from $40.00) on shares of Slack in a research report on Thursday, September 5th. Wedbush assumed coverage on shares of Slack in a research report on Thursday. They set an “underperform” rating on the stock. Finally, William Blair assumed coverage on shares of Slack in a research report on Monday, July 15th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. Slack currently has a consensus rating of “Buy” and an average price target of $34.22.

Large investors have recently bought and sold shares of the stock. Winslow Evans & Crocker Inc. purchased a new position in Slack in the 2nd quarter valued at approximately $38,000. Commonwealth Equity Services LLC bought a new stake in Slack in the second quarter worth $1,083,000. Bessemer Group Inc. bought a new stake in Slack in the second quarter worth $1,358,000. SeaCrest Wealth Management LLC bought a new stake in Slack in the second quarter worth $225,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Slack in the second quarter worth $41,000. 19.58% of the stock is currently owned by institutional investors.

Slack Company Profile

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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