Stewart Butterfield Sells 1,360,909 Shares of Slack (NASDAQ:WORK) Stock

Slack (NASDAQ:WORK) CEO Stewart Butterfield sold 1,360,909 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $39.07, for a total transaction of $53,170,714.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

WORK stock opened at $35.20 on Wednesday. Slack has a fifty-two week low of $34.81 and a fifty-two week high of $42.00.

A number of research analysts recently weighed in on the stock. Robert W. Baird assumed coverage on shares of Slack in a report on Tuesday. They issued an “outperform” rating for the company. Atlantic Securities assumed coverage on shares of Slack in a report on Wednesday, June 19th. They issued an “overweight” rating and a $37.00 target price for the company. Finally, DA Davidson raised their target price on shares of Slack to $31.00 and gave the company an “average” rating in a report on Tuesday, June 11th.

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