Slack Technologies, Inc. (NYSE:WORK) insider Tamar Yehoshua sold 49,082 shares of the business’s stock in a transaction dated Thursday, April 1st. The shares were sold at an average price of $41.20, for a total value of $2,022,178.40. Following the sale, the insider now owns 221,153 shares of the company’s stock, valued at $9,111,503.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
NYSE:WORK opened at $41.50 on Thursday. The company has a market capitalization of $23.91 billion, a P/E ratio of -71.55 and a beta of -0.02. The business’s 50-day moving average is $41.19 and its 200 day moving average is $37.38. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.73. Slack Technologies, Inc. has a 12 month low of $23.35 and a 12 month high of $44.57.
Slack Technologies (NYSE:WORK) last issued its quarterly earnings data on Thursday, March 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Slack Technologies had a negative return on equity of 39.14% and a negative net margin of 42.73%. The business had revenue of $250.60 million for the quarter, compared to analysts’ expectations of $240.31 million. During the same period in the prior year, the firm earned ($0.04) EPS. The company’s revenue for the quarter was up 37.8% on a year-over-year basis. On average, research analysts forecast that Slack Technologies, Inc. will post -0.55 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in WORK. Arkadios Wealth Advisors grew its stake in shares of Slack Technologies by 42.9% in the 4th quarter. Arkadios Wealth Advisors now owns 1,000 shares of the company’s stock worth $42,000 after buying an additional 300 shares in the last quarter. Bedell Frazier Investment Counseling LLC increased its stake in Slack Technologies by 0.6% during the fourth quarter. Bedell Frazier Investment Counseling LLC now owns 53,945 shares of the company’s stock worth $2,279,000 after acquiring an additional 335 shares during the last quarter. Thoroughbred Financial Services LLC raised its position in Slack Technologies by 0.7% during the fourth quarter. Thoroughbred Financial Services LLC now owns 49,148 shares of the company’s stock valued at $2,076,000 after purchasing an additional 345 shares during the period. Westside Investment Management Inc. lifted its stake in shares of Slack Technologies by 4.2% in the 4th quarter. Westside Investment Management Inc. now owns 10,000 shares of the company’s stock valued at $29,960,000 after purchasing an additional 400 shares during the last quarter. Finally, KMG Fiduciary Partners LLC boosted its holdings in shares of Slack Technologies by 2.2% in the 4th quarter. KMG Fiduciary Partners LLC now owns 27,029 shares of the company’s stock worth $1,135,000 after purchasing an additional 573 shares during the period. Institutional investors and hedge funds own 65.92% of the company’s stock.
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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