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

Equities researchers at Oppenheimer began coverage on shares of Slack (NASDAQ:WORK) in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage set a “market perform” rating and a $35.00 price target on the stock. Oppenheimer also issued estimates for Slack’s Q2 2020 earnings at ($0.20) EPS, Q3 2020 earnings at ($0.07) EPS, Q4 2020 earnings at ($0.06) EPS, FY2020 earnings at ($0.43) EPS, Q1 2021 earnings at ($0.07) EPS, Q2 2021 earnings at ($0.07) EPS, Q3 2021 earnings at ($0.07) EPS, Q4 2021 earnings at ($0.05) EPS and FY2021 earnings at ($0.26) EPS.

A number of other research analysts also recently weighed in on WORK. Atlantic Securities assumed coverage on shares of Slack in a research report on Wednesday, June 19th. They issued an “overweight” rating and a $37.00 price objective for the company. Robert W. Baird assumed coverage on shares of Slack in a research report on Tuesday, June 25th. They issued an “outperform” rating and a $44.00 price objective for the company. Finally, DA Davidson boosted their target price on shares of Slack to $31.00 and gave the stock an “average” rating in a research note on Tuesday, June 11th.

Shares of Slack stock traded down $0.19 during trading hours on Tuesday, reaching $35.00. The stock had a trading volume of 4,390,568 shares, compared to its average volume of 10,452,633. Slack has a twelve month low of $34.46 and a twelve month high of $42.00.

In other news, insider Cal Henderson sold 1,500 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $35.13, for a total transaction of $52,695.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stewart Butterfield sold 2,500 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $35.11, for a total transaction of $87,775.00. The disclosure for this sale can be found here. Insiders have sold 6,896,311 shares of company stock valued at $266,875,107 in the last three months.

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