Slack Technologies Inc (WORK) News

* * $WORK Video Chart 11-27-2020 * *

Link to Video - click here to watch the technical chart video

So pleased I held, and added to WORK, Slack.

I also, have a stake in CRM, Salesforce.

* * $WORK Video Chart 11-25-2020 * *

Link to Video - click here to watch the technical chart video

Cheers Stockguard. I exited today thank you for that tip a few months back!! I think it was from another board you mentioned this one. Maybe doc u.

Back in WORK at $ 27.95 . imo will compete with Zoom if we get big second covid wave. Think this is bottom.

added few more WORK this morning .g/l to all.

picked up few WORK @ $ 31.36 think going much higher . g/l to all.

$WORK | #Slack Technologies Day Trade



Potential gap fill trade to $28.00

definitely a bounce play. adding here

* * $WORK Video Chart 09-09-2020 * *

Link to Video - click here to watch the technical chart video

CEO donates to defunding police, makes me want to defund slack!

WORK whacked on earnings, bounce play ~

... looking for the teens to emerge ... $WORK

Rip commons

Good move!

Wow huge dip afterhours. Might be ugly tomorrow.

I've only played this stock for bounces..but long term this may be good.

No position currently.

Smart Move!

JohnCM
I took my profits.Am getting cash ready for a possible pullback in the markets. Just a gut feeling. Any profit is a good profit. (-:

Showing signs of life.

Nice looking inverse head & shoulders.
https://www.barchart.com/stocks/quotes/WORK/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=0&indicators=HLMA(13,5);SRSI(14,20)&sym=WORK&grid=1&height=500&studyheight=150

Time for that upper gap fill.......

Slack shares are trading higher. Strength potentially related to increased usage of virtual communications platforms as businesses continue to adopt a work-from-home model.


Aug 3, 2020 2:30p ETBenzinga Stock Analysis

Broke the $30 support level. Uhg...I guess I need to buy more if it dips lower.

Slack (NYSE:WORK) Shares Purchased by Raymond James Financial Services Advisors Inc.
Posted by Shane Hupp on Jul 23rd, 2020


Raymond James Financial Services Advisors Inc. boosted its stake in Slack (NYSE:WORK) by 47.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 185,133 shares of the company’s stock after purchasing an additional 59,502 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Slack were worth $5,756,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WORK. Morgan Stanley increased its holdings in Slack by 61.1% in the 1st quarter. Morgan Stanley now owns 57,901,739 shares of the company’s stock valued at $1,554,083,000 after purchasing an additional 21,959,800 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Slack by 376.7% in the 4th quarter. Alliancebernstein L.P. now owns 6,620,586 shares of the company’s stock valued at $148,831,000 after purchasing an additional 5,231,846 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Slack by 16.9% in the first quarter. Wellington Management Group LLP now owns 31,474,971 shares of the company’s stock worth $844,789,000 after acquiring an additional 4,556,329 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Slack in the fourth quarter worth $58,993,000. Finally, Yale University acquired a new position in shares of Slack in the first quarter worth $45,103,000. Hedge funds and other institutional investors own 51.75% of the company’s stock.

Several research firms have commented on WORK. Credit Suisse Group boosted their price target on shares of Slack from $26.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, June 5th. William Blair restated a “buy” rating on shares of Slack in a research note on Friday, March 27th. Oppenheimer restated a “hold” rating on shares of Slack in a research note on Friday, June 5th. Stephens boosted their price target on shares of Slack from $32.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, Goldman Sachs Group downgraded shares of Slack from a “neutral” rating to a “sell” rating and set a $30.00 target price for the company. in a research note on Friday, June 19th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. Slack presently has an average rating of “Buy” and an average target price of $34.17.

In related news, CTO Cal Henderson sold 1,500 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $33.02, for a total transaction of $49,530.00. Following the completion of the transaction, the chief technology officer now directly owns 43,560 shares of the company’s stock, valued at $1,438,351.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert Frati sold 33,623 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $25.93, for a total transaction of $871,844.39. Following the transaction, the senior vice president now directly owns 386,822 shares of the company’s stock, valued at $10,030,294.46. The disclosure for this sale can be found here. Insiders sold 2,304,610 shares of company stock valued at $76,115,631 over the last ninety days. Corporate insiders own 26.82% of the company’s stock.
Shares of WORK opened at $30.94 on Thursday. The firm has a fifty day moving average price of $32.65 and a 200 day moving average price of $27.60. Slack has a 1-year low of $15.10 and a 1-year high of $40.07. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.32 and a quick ratio of 3.32. The stock has a market cap of $17.23 billion and a PE ratio of -21.64.



Slack (NYSE:WORK) last announced its earnings results on Thursday, June 4th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.12. Slack had a negative net margin of 87.91% and a negative return on equity of 79.21%. The business had revenue of $201.65 million during the quarter, compared to analysts’ expectations of $188.12 million. Slack’s revenue was up 49.6% compared to the same quarter last year. As a group, equities analysts expect that Slack will post -0.58 EPS for the current fiscal year.

About Slack

Slack Technologies, Inc operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model. The company was formerly known as Tiny Speck, Inc and changed its name to Slack Technologies, Inc in 2014.

https://www.tickerreport.com/banking-finance/5993509/slack-nysework-shares-purchased-by-raymond-james-financial-services-advisors-inc.html

Concerns about competitive pressure from Microsoft Teams are "overblown" for Slack (NYSE:WORK), says FBN Securities analyst Shebly Seyrafi.

FBN starts Slack at Outperform and a Street-high $45 price target.

Seyrafi says the market has room for both collaboration offerings to "thrive" and notes Slack's "healthy" growth in paid customers and ARPU last quarter.

The analyst sees "good upside" in Slack shares due to the revenue multiple, and the fact that Slack hasn't rallied as much as other remote work-related stocks.

Slack shares are up 1.1% pre-market to $31.94. WORK shares are up 41% YTD compared to Zoom Video's 265% growth.


https://seekingalpha.com/news/3592233-slack-gets-street-high-target-on-overblown-teams-competition

A lot of upper gap to fill/ enjoy the ride.....

Support at 30.

Cheers Stockguard n JohnCM. I finally opened a position here this morning in at $30.22. GL guys

CloudRevolutionUpdate
Amazon May Be Looking to Acquire Slack
https://www.webpronews.com/amazon-may-be-looking-to-acquire-slack/

Slack Technologies(WORK:NSD) Goldman downgrades on churn rate to Microsoft
STA Research
by: STA Research
June 19th, 2020
https://www.stocktargetadvisor.com/blog/slack-technologiesworknsd-goldman-downgrades-on-churn-rate-to-microsoft/

The CEO of Slack on Adapting in Response to a Global Crisis
https://hbr.org/2020/07/the-ceo-of-slack-on-adapting-in-response-to-a-global-crisis

Your anus

$WORK | #Slack Finds Some #Buyers


Nice reversal today as many of the cloud and work from home stocks rallied.
The post earnings collapse found support on the $30 level which acted as strong resistance in the past.
Bulls will look to get into the gap.

Amazon said recently that its Amazon Web Services (AWS) team will start using Slack as part of a multi-year deal between the two companies. Slack, in return, will begin using Amazon Chime to power audio, video, and screen-sharing capabilities in its Slack Calls feature.

The new partnership shows just how committed Slack is to becoming the go-to service for online employee communication. With Amazon's help, Slack could become an even larger threat to Microsoft's dominance in the business software space. 

WORK

Done and done.

Slack is back!

Lol, today let's turn red to green. WORK

Even for the day. Impressive!

WORK, I guess I am now a slack -er.

Agreed great minds think alike. Gltus.

Perfect timing ...

A few days old but you still get that a ha meaning:
Will Amazon Buy Slack?
The war for video meetings heats up, and Slack lines up with Amazon Chime.
Institutional Owners 600
Institutional Shares 288,682,751
https://medium.com/gigaom/will-amazon-buy-slack-397b082f05ca

I got lucky, bought today. WORK

IT's ALIVE!!

I just bought in this morning. WORK :)

Good timing. Finally found it's feet.

Joined here this morning also gltus.

WORK is back!

Tomorrow is a big day for WORK.

Hold $31.00 and finish slightly green or better.