Slack (NASDAQ:WORK) Research Coverage Started at Robert W. Baird

Robert W. Baird started coverage on shares of Slack (NASDAQ:WORK) in a report issued on Tuesday, June 25th, Benzinga reports. The brokerage issued an outperform rating and a $44.00 price target on the stock.

A number of other research firms have also recently issued reports on WORK. DA Davidson upped their price objective on shares of Slack to $31.00 and gave the stock an average rating in a research report on Tuesday, June 11th. 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 objective for the company. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $38.78.

Shares of Slack stock traded down $1.46 on Tuesday, reaching $32.00. 6,620,294 shares of the stock were exchanged, compared to its average volume of 9,840,365. Slack has a one year low of $31.93 and a one year high of $42.00.

In related news, insider Cal Henderson sold 1,500 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $36.23, for a total transaction of $54,345.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Parallel Fund Iv-A L.P. Ah sold 3,000,000 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $38.66, for a total transaction of $115,980,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,908,311 shares of company stock valued at $267,290,507.

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Analyst Recommendations for Slack (NASDAQ:WORK)

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