Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Slack (NASDAQ:WORK) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 8,700 shares of the company’s stock, valued at approximately $326,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of WORK. Gables Capital Management Inc. bought a new position in Slack during the second quarter valued at about $38,000. Winslow Evans & Crocker Inc. bought a new position in Slack during the second quarter worth about $38,000. Flagship Harbor Advisors LLC bought a new position in Slack during the second quarter worth about $41,000. Advisor Group Inc. bought a new position in Slack during the second quarter worth about $198,000. Finally, Janney Montgomery Scott LLC bought a new position in Slack during the second quarter worth about $211,000.

A number of brokerages have recently issued reports on WORK. Robert W. Baird began coverage on shares of Slack in a report on Tuesday, June 25th. They issued an “outperform” rating and a $44.00 price target on the stock. Morgan Stanley began coverage on shares of Slack in a research note on Tuesday, July 16th. They issued an “equal weight” rating and a $38.00 target price on the stock. Barclays began coverage on shares of Slack in a research note on Monday, July 15th. They issued an “overweight” rating and a $45.00 target price on the stock. Oppenheimer began coverage on shares of Slack in a research note on Tuesday, July 9th. They issued a “market perform” rating and a $35.00 target price on the stock. Finally, Credit Suisse Group began coverage on shares of Slack in a research note on Tuesday, July 16th. They issued a “neutral” rating and a $40.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Slack presently has a consensus rating of “Hold” and a consensus price target of $38.18.

In other Slack news, General Counsel David Schellhase sold 349,339 shares of Slack stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $38.28, for a total transaction of $13,372,696.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Cal Henderson sold 1,500 shares of Slack stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $30.67, for a total transaction of $46,005.00. The disclosure for this sale can be found here. Insiders have sold 6,936,311 shares of company stock worth $268,197,602 over the last three months.

Shares of WORK stock traded down $0.43 during trading hours on Thursday, hitting $30.33. 149,732 shares of the company’s stock were exchanged, compared to its average volume of 6,884,722. Slack has a 12-month low of $29.10 and a 12-month high of $42.00. The stock has a 50 day simple moving average of $33.54.

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Institutional Ownership by Quarter for Slack (NASDAQ:WORK)

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