Slack (NASDAQ:WORK) CEO Sells $86,225.00 in Stock

Slack (NASDAQ:WORK) CEO Stewart Butterfield sold 2,500 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $34.49, for a total value of $86,225.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, July 17th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $33.97, for a total value of $84,925.00.
  • On Friday, July 12th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $33.95, for a total value of $84,875.00.
  • On Wednesday, July 10th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $35.38, for a total value of $88,450.00.
  • On Monday, July 8th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $35.11, for a total value of $87,775.00.
  • On Friday, July 5th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $35.70, for a total value of $89,250.00.
  • On Tuesday, July 2nd, Stewart Butterfield sold 113,763 shares of Slack stock. The shares were sold at an average price of $37.06, for a total value of $4,216,056.78.
  • On Friday, June 28th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $36.70, for a total value of $91,750.00.
  • On Wednesday, June 26th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $36.80, for a total value of $92,000.00.
  • On Monday, June 24th, Stewart Butterfield sold 2,500 shares of Slack stock. The shares were sold at an average price of $36.17, for a total value of $90,425.00.
  • On Friday, June 21st, Stewart Butterfield sold 1,360,909 shares of Slack stock. The shares were sold at an average price of $39.07, for a total value of $53,170,714.63.

Shares of Slack stock opened at $31.30 on Friday. Slack has a one year low of $31.22 and a one year high of $42.00.

Institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC bought a new stake in shares of Slack during the 2nd quarter valued at about $1,083,000. Bessemer Group Inc. bought a new stake in shares of Slack during the 2nd quarter valued at about $1,358,000. SeaCrest Wealth Management LLC bought a new stake in shares of Slack during the 2nd quarter valued at about $225,000. Finally, Winslow Evans & Crocker Inc. bought a new stake in shares of Slack during the 2nd quarter valued at about $38,000.

WORK has been the topic of a number of analyst reports. Atlantic Securities initiated coverage on Slack in a research report on Wednesday, June 19th. They issued an “overweight” rating and a $37.00 price target on the stock. Goldman Sachs Group lowered Micro Focus International from a “neutral” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley reduced their price target on Neon Therapeutics from $19.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday. Robert W. Baird began coverage on Slack in a research report on Tuesday, June 25th. They issued an “outperform” rating and a $44.00 price target on the stock. Finally, Stephens began coverage on Slack in a research report on Thursday, July 11th. They set an “overweight” rating and a $43.00 target price on the stock. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $38.78.

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