Slack (NASDAQ:WORK) SVP Robert Frati Sells 50,000 Shares

Slack (NASDAQ:WORK) SVP Robert Frati sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $37.04, for a total transaction of $1,852,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Robert Frati also recently made the following trade(s):

  • On Friday, June 21st, Robert Frati sold 376,238 shares of Slack stock. The shares were sold at an average price of $38.30, for a total transaction of $14,409,915.40.

Shares of Slack stock traded down $0.70 during trading on Friday, reaching $31.30. The company’s stock had a trading volume of 5,724,814 shares, compared to its average volume of 9,635,170. Slack has a 52-week low of $31.22 and a 52-week high of $42.00.

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

WORK has been the topic of several research reports. Citigroup lowered shares of Lear from a “buy” rating to a “neutral” rating and lowered their price target for the company from $188.00 to $144.00 in a research report on Wednesday. Atlantic Securities started coverage on shares of Slack in a research note on Wednesday, June 19th. They issued an “overweight” rating and a $37.00 price target for the company. KeyCorp started coverage on shares of Pluralsight in a research note on Tuesday, July 16th. They issued an “overweight” rating and a $40.00 price target for the company. Credit Suisse Group cut shares of Kingfisher from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 16th. Finally, DA Davidson boosted their price target on shares of Slack to $31.00 and gave the stock an “average” rating in a research note on Tuesday, June 11th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $38.78.

Further Reading: Capital gains and your 401(k) or IRA

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

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