Weekly Analysts’ Ratings Changes for Slack (WORK)

Slack (NASDAQ: WORK) recently received a number of ratings updates from brokerages and research firms:

  • 7/17/2019 – Slack is now covered by analysts at Citigroup Inc. They set a “neutral” rating and a $34.40 price target on the stock.
  • 7/16/2019 – Slack is now covered by analysts at KeyCorp. They set an “overweight” rating and a $44.00 price target on the stock.
  • 7/16/2019 – Slack is now covered by analysts at Credit Suisse Group AG. They set a “neutral” rating and a $40.00 price target on the stock.
  • 7/16/2019 – Slack is now covered by analysts at Goldman Sachs Group Inc. They set a “neutral” rating and a $34.00 price target on the stock.
  • 7/16/2019 – Slack is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $38.00 price target on the stock.
  • 7/15/2019 – Slack is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $45.00 price target on the stock.
  • 7/15/2019 – Slack is now covered by analysts at William Blair. They set an “outperform” rating on the stock.
  • 7/15/2019 – Slack is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $40.00 price target on the stock.
  • 7/11/2019 – Slack is now covered by analysts at Stephens. They set an “overweight” rating and a $43.00 price target on the stock.
  • 7/9/2019 – Slack is now covered by analysts at Oppenheimer Holdings Inc.. They set a “market perform” rating and a $35.00 price target on the stock.
  • 6/25/2019 – Slack is now covered by analysts at Robert W. Baird. They set an “outperform” rating and a $44.00 price target on the stock.
  • 6/19/2019 – Slack is now covered by analysts at Atlantic Securities. They set an “overweight” rating and a $37.00 price target on the stock.
  • 6/11/2019 – Slack had its price target raised by analysts at DA Davidson to $31.00. They now have an “average” rating on the stock.

NASDAQ:WORK traded down $1.13 on Friday, hitting $30.87. The company had a trading volume of 5,240,437 shares, compared to its average volume of 7,928,394. Slack has a 52 week low of $30.77 and a 52 week high of $42.00.

In related news, CEO Stewart Butterfield sold 1,360,909 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $39.07, for a total value of $53,170,714.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cal Henderson sold 1,500 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $31.99, for a total transaction of $47,985.00. The disclosure for this sale can be found here. In the last three months, insiders sold 6,928,311 shares of company stock valued at $267,954,737.

A number of large investors have recently modified their holdings of the stock. Gables Capital Management Inc. acquired a new position in Slack in the 2nd quarter valued at approximately $38,000. Winslow Evans & Crocker Inc. acquired a new position in Slack in the 2nd quarter valued at approximately $38,000. Flagship Harbor Advisors LLC acquired a new position in Slack in the 2nd quarter valued at approximately $41,000. Advisor Group Inc. acquired a new position in Slack in the 2nd quarter valued at approximately $198,000. Finally, Janney Montgomery Scott LLC acquired a new position in Slack in the 2nd quarter valued at approximately $211,000.

Read More: Moving Average Convergence Divergence (MACD)

Receive News & Ratings for Slack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Slack and related companies with MarketBeat.com's FREE daily email newsletter.