Cal Henderson Sells 1,500 Shares of Slack (NYSE:WORK) Stock

Slack (NYSE:WORK) CTO Cal Henderson sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $20.97, for a total value of $31,455.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Cal Henderson also recently made the following trade(s):

  • On Monday, December 9th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.87, for a total value of $34,305.00.
  • On Friday, December 6th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.75, for a total value of $34,125.00.
  • On Wednesday, December 4th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.02, for a total value of $33,030.00.
  • On Monday, December 2nd, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $21.87, for a total value of $32,805.00.
  • On Friday, November 29th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.91, for a total value of $34,365.00.
  • On Wednesday, November 27th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.42, for a total value of $33,630.00.
  • On Monday, November 25th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $22.07, for a total value of $33,105.00.
  • On Friday, November 22nd, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $21.16, for a total value of $31,740.00.
  • On Wednesday, November 20th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $21.51, for a total value of $32,265.00.
  • On Monday, November 18th, Cal Henderson sold 1,500 shares of Slack stock. The shares were sold at an average price of $23.09, for a total value of $34,635.00.

NYSE WORK opened at $21.39 on Friday. Slack has a twelve month low of $19.53 and a twelve month high of $42.00. The company’s 50 day moving average price is $21.73.

Slack (NYSE:WORK) last released its quarterly earnings results on Wednesday, December 4th. The company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.07. Slack had a negative return on equity of 554.57% and a negative net margin of 90.86%. The company had revenue of $168.70 million for the quarter, compared to analyst estimates of $156.14 million. The firm’s quarterly revenue was up 59.8% compared to the same quarter last year. On average, research analysts predict that Slack will post -0.33 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the company. Piper Jaffray Companies assumed coverage on Slack in a report on Monday, October 28th. They set an “overweight” rating and a $30.00 price objective on the stock. Mizuho boosted their target price on Slack from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. William Blair reissued a “buy” rating on shares of Slack in a research note on Wednesday, November 20th. Stephens started coverage on Slack in a research note on Thursday, December 5th. They set a “buy” rating and a $37.00 target price on the stock. Finally, DA Davidson reduced their target price on Slack to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.05.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers bought a new position in shares of Slack during the third quarter valued at $200,000. Gainplan LLC purchased a new stake in Slack during the third quarter valued at $712,000. Kessler Investment Group LLC purchased a new stake in Slack during the third quarter valued at $342,000. Atika Capital Management LLC purchased a new stake in Slack during the second quarter valued at $4,837,000. Finally, Wedbush Securities Inc. increased its position in Slack by 49.6% during the third quarter. Wedbush Securities Inc. now owns 8,450 shares of the company’s stock valued at $201,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors own 33.78% of the company’s stock.

About Slack

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.

See Also: Liquidity

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

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