Slack Technologies, Inc. (NYSE:WORK) SVP Robert Frati sold 2,725 shares of the business’s stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $41.20, for a total transaction of $112,270.00. Following the completion of the sale, the senior vice president now directly owns 303,357 shares in the company, valued at approximately $12,498,308.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of NYSE WORK opened at $41.50 on Thursday. Slack Technologies, Inc. has a fifty-two week low of $23.35 and a fifty-two week high of $44.57. The firm has a market capitalization of $23.91 billion, a P/E ratio of -71.55 and a beta of -0.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.29 and a quick ratio of 3.29. The company’s 50 day simple moving average is $41.19 and its 200 day simple moving average is $37.38.
Slack Technologies (NYSE:WORK) last issued its earnings results on Thursday, March 4th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. The company had revenue of $250.60 million during the quarter, compared to analysts’ expectations of $240.31 million. Slack Technologies had a negative net margin of 42.73% and a negative return on equity of 39.14%. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) EPS. Sell-side analysts expect that Slack Technologies, Inc. will post -0.55 EPS for the current fiscal year.
WORK has been the topic of several analyst reports. Morgan Stanley raised shares of Slack Technologies from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $27.00 to $44.00 in a report on Wednesday, December 9th. Zacks Investment Research lowered shares of Slack Technologies from a “hold” rating to a “sell” rating in a report on Saturday, March 6th. Finally, DA Davidson lowered their target price on shares of Slack Technologies from $46.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, March 5th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $41.16.
Slack Technologies 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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