Slack (NASDAQ:WORK) Receives New Coverage from Analysts at Stephens

Analysts at Stephens started coverage on shares of Slack (NASDAQ:WORK) in a report issued on Thursday, The Fly reports. The firm set an “overweight” rating on the stock.

Several other equities research analysts also recently weighed in on WORK. DA Davidson raised their price target on Slack to $31.00 and gave the stock an “average” rating in a report on Tuesday, June 11th. Atlantic Securities started coverage on Slack in a report on Wednesday, June 19th. They issued an “overweight” rating and a $37.00 price target for the company. Oppenheimer raised their price target on Valeritas from $1.25 to $12.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Robert W. Baird started coverage on Slack in a report on Tuesday, June 25th. They issued an “outperform” rating and a $44.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Slack currently has an average rating of “Buy” and an average price target of $36.75.

NASDAQ WORK traded down $0.19 during trading on Thursday, hitting $35.00. The company’s stock had a trading volume of 4,390,568 shares, compared to its average volume of 10,452,633. Slack has a fifty-two week low of $34.46 and a fifty-two week high of $42.00.

In other news, CFO Allen Shim sold 502,925 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $38.59, for a total value of $19,407,875.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stewart Butterfield sold 1,360,909 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $39.07, for a total value of $53,170,714.63. The disclosure for this sale can be found here. In the last three months, insiders sold 6,896,311 shares of company stock valued at $266,875,107.

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