Stephens initiated coverage on shares of Slack (NASDAQ:WORK) in a research note released on Thursday, Benzinga reports. The firm issued an overweight rating and a $43.00 price objective on the stock.
Several other brokerages also recently issued reports on WORK. Atlantic Securities began coverage on shares of Slack in a research report on Wednesday, June 19th. They set an overweight rating and a $37.00 price target on the stock. Robert W. Baird began coverage on shares of Slack in a research report on Tuesday, June 25th. They set an outperform rating and a $44.00 price target on the stock. Oppenheimer upped their price target on shares of Valeritas from $1.25 to $12.00 and gave the stock an outperform rating in a research report on Tuesday, July 9th. Finally, DA Davidson upped their price target on shares of Slack to $31.00 and gave the stock an average rating in a research report on Tuesday, June 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $38.00.
Shares of NASDAQ WORK opened at $33.73 on Thursday. Slack has a 12-month low of $33.37 and a 12-month high of $42.00.
In other Slack news, CEO Stewart Butterfield sold 1,360,909 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $39.07, for a total transaction of $53,170,714.63. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Cal Henderson sold 1,500 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $35.45, for a total transaction of $53,175.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,900,311 shares of company stock worth $267,016,732.
Read More: Limitations to arbitrage trading
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.