Slack (NASDAQ:WORK) CEO Sells $71,025.00 in Stock

Slack (NASDAQ:WORK) CEO Stewart Butterfield sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $28.41, for a total transaction of $71,025.00. Following the sale, the chief executive officer now directly owns 32,755 shares in the company, valued at $930,569.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, July 29th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $33.18, for a total transaction of $82,950.00.
  • On Wednesday, July 31st, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $33.26, for a total transaction of $83,150.00.
  • On Friday, August 2nd, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $31.09, for a total transaction of $77,725.00.
  • On Friday, August 9th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $30.96, for a total transaction of $77,400.00.
  • On Friday, August 16th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $30.15, for a total transaction 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 transaction 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 transaction 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 transaction of $76,800.00.
  • On Thursday, August 22nd, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $30.90, for a total transaction of $77,250.00.
  • On Tuesday, August 13th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $31.35, for a total transaction of $78,375.00.

Shares of NASDAQ WORK traded down $2.63 during midday trading on Friday, reaching $27.38. 14,812,214 shares of the stock were exchanged, compared to its average volume of 7,094,311. The business’s 50-day moving average is $30.97. Slack has a 12 month low of $26.00 and a 12 month high of $42.00.

Slack (NASDAQ:WORK) last announced its quarterly earnings results on Monday, June 10th. The company reported ($0.26) earnings per share for the quarter. The firm had revenue of $134.82 million for the quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. D L Carlson Investment Group Inc. acquired a new stake in shares of Slack during the second quarter worth $2,209,000. Griffin Asset Management Inc. acquired a new stake in shares of Slack during the second quarter worth $37,000. Greylock Xii GP LLC acquired a new stake in shares of Slack during the second quarter worth $2,494,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Slack during the second quarter worth $3,074,000. Finally, KCL Capital L.P. acquired a new stake in shares of Slack during the second quarter worth $8,063,000.

A number of brokerages have issued reports on WORK. Atlantic Securities began coverage on shares of Slack in a research note on Wednesday, June 19th. They issued an “overweight” rating and a $37.00 price objective on the stock. Stephens began coverage on shares of Slack in a research note on Thursday, July 11th. They issued an “overweight” rating and a $43.00 price objective on the stock. KeyCorp set a $44.00 price objective on shares of Slack and gave the company a “buy” rating in a research note on Wednesday. Credit Suisse Group reaffirmed a “neutral” rating and issued a $35.00 price objective (down from $40.00) on shares of Slack in a research note on Thursday. Finally, Oppenheimer began coverage on shares of Slack in a research note on Tuesday, July 9th. They issued a “market perform” rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $37.47.

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

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