Slack (NASDAQ:WORK) Major Shareholder Sells $115,980,000.00 in Stock

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Slack (NASDAQ:WORK) 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 shares were sold at an average price of $38.66, for a total value of $115,980,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of NASDAQ:WORK opened at $37.19 on Thursday. Slack has a 52-week low of $34.81 and a 52-week high of $42.00.

Several research firms recently commented on WORK. Robert W. Baird began coverage on Slack in a research report on Tuesday. They set an “outperform” rating and a $44.00 price objective on the stock. Atlantic Securities started coverage on Slack in a research report on Wednesday, June 19th. They issued an “overweight” rating and a $37.00 target price on the stock. Finally, DA Davidson raised their target price on Slack to $31.00 and gave the stock an “average” rating in a research report on Tuesday, June 11th.

Read More: Understanding Analyst Recommendations

Insider Buying and Selling by Quarter for Slack (NASDAQ:WORK)

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