Slack (NASDAQ:WORK) CEO Stewart Butterfield sold 2,500 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $30.15, for a total value of $75,375.00. Following the completion of the transaction, the chief executive officer now owns 60,255 shares of the company’s stock, valued at $1,816,688.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, September 3rd, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $28.41, for a total value of $71,025.00.
  • 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 value 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 value 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 value 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 value of $77,400.00.
  • 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 value 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 value 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 value 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 value 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 value of $78,375.00.

Shares of WORK stock traded down $2.63 during trading hours on Friday, hitting $27.38. 14,812,214 shares of the company’s stock were exchanged, compared to its average volume of 7,094,311. The company has a 50-day moving average price of $30.97. Slack has a 52 week low of $26.00 and a 52 week high of $42.00.

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

Hedge funds have recently made changes to their positions in the company. Atika Capital Management LLC acquired a new position in Slack in the second quarter valued at about $4,837,000. Commonwealth Equity Services LLC bought a new position in shares of Slack during the 2nd quarter worth approximately $1,083,000. First Republic Investment Management Inc. bought a new position in shares of Slack during the 2nd quarter worth approximately $1,625,000. Golden State Wealth Management LLC bought a new position in shares of Slack during the 2nd quarter worth approximately $449,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Slack during the 2nd quarter worth approximately $41,000.

A number of brokerages have weighed in on WORK. Morgan Stanley began coverage on Slack in a research report on Tuesday, July 16th. They issued an “equal weight” rating and a $38.00 price target on the stock. Zacks Investment Research cut Slack from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Canaccord Genuity began coverage on Slack in a research report on Monday, July 15th. They issued a “buy” rating and a $40.00 price target on the stock. Sanford C. Bernstein began coverage on Slack in a research report on Wednesday, August 14th. They issued a “market perform” rating and a $31.00 price target on the stock. Finally, Barclays lowered their price target on Slack from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $37.47.

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

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