Credit Suisse Group assumed coverage on shares of Slack (NASDAQ:WORK) in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. The firm issued a neutral rating and a $40.00 price target on the stock.
A number of other research firms also recently commented on WORK. DA Davidson lifted their target price on Slack to $31.00 and gave the company an average rating in a research report on Tuesday, June 11th. Barclays set a $330.00 target price on Thermo Fisher Scientific and gave the company a buy rating in a research report on Monday. Robert W. Baird assumed coverage on Slack in a research report on Tuesday, June 25th. They issued an outperform rating and a $44.00 target price on the stock. Goldman Sachs Group downgraded Micro Focus International from a neutral rating to a sell rating in a research report on Tuesday. Finally, Atlantic Securities assumed coverage on Slack in a report on Wednesday, June 19th. They issued an overweight rating and a $37.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Slack has a consensus rating of Buy and an average price target of $38.78.
NASDAQ:WORK opened at $32.00 on Tuesday. Slack has a 52 week low of $31.93 and a 52 week high of $42.00.
In related news, major shareholder Parallel Fund Iv-A L.P. Ah sold 3,000,000 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $38.66, for a total value of $115,980,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Allen Shim sold 502,925 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $38.59, for a total value of $19,407,875.75. The disclosure for this sale can be found here. Insiders sold a total of 6,908,311 shares of company stock worth $267,290,507 in the last quarter.
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