Barclays Begins Coverage on Slack (NASDAQ:WORK)

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Barclays assumed coverage on shares of Slack (NASDAQ:WORK) in a research note published on Monday morning, Benzinga reports. The firm issued an overweight rating and a $45.00 price objective on the stock.

A number of other research firms have also recently commented on WORK. Atlantic Securities started coverage on Slack in a research note on Wednesday, June 19th. They set an overweight rating and a $37.00 target price on the stock. DA Davidson lifted their target price on Slack to $31.00 and gave the stock an average rating in a research note on Tuesday, June 11th. Robert W. Baird started coverage on Slack in a research note on Tuesday, June 25th. They set an outperform rating and a $44.00 target price on the stock. Stephens started coverage on Slack in a research note on Thursday, July 11th. They set an overweight rating and a $43.00 target price on the stock. Finally, Oppenheimer lifted their target price on Valeritas from $1.25 to $12.00 and gave the stock an outperform rating in a research note on Tuesday, July 9th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $38.78.

NASDAQ WORK opened at $33.46 on Monday. Slack has a one year low of $33.37 and a one year high of $42.00.

In other news, SVP Robert Frati sold 376,238 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $38.30, for a total transaction of $14,409,915.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stewart Butterfield sold 1,360,909 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $39.07, for a total value of $53,170,714.63. The disclosure for this sale can be found here. Insiders have sold a total of 6,908,311 shares of company stock valued at $267,290,507 in the last ninety days.

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