Slack Technologies Stock Forecast, Price & News

Slack Technologies' stock was trading at $23.62 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WORK stock has increased by 72.2% and is now trading at $40.67.
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21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Slack Technologies in the last year. There are currently 3 sell ratings, 6 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Slack Technologies or view MarketBeat's top 5 stock picks.

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Slack Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, December 9th 2020.
View our earnings forecast for Slack Technologies.

Slack Technologies will be holding an earnings conference call on Wednesday, December 9th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Slack Technologies, Inc. (NYSE:WORK) posted its earnings results on Tuesday, September, 8th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.03. The firm earned $215.90 million during the quarter, compared to analysts' expectations of $209.22 million. Slack Technologies had a negative return on equity of 39.14% and a negative net margin of 42.73%. Slack Technologies's quarterly revenue was up 48.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.14) EPS.
View Slack Technologies' earnings history.

Slack Technologies updated its FY21 earnings guidance on Tuesday, September, 8th. The company provided earnings per share guidance of ($0.14)-($0.13) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.22). The company issued revenue guidance of $870-$876 million, compared to the consensus revenue estimate of $847.91 million.

21 Wall Street analysts have issued 12 month price targets for Slack Technologies' stock. Their forecasts range from $20.00 to $45.00. On average, they expect Slack Technologies' share price to reach $32.68 in the next year. This suggests that the stock has a possible downside of 19.6%.
View analysts' price targets for Slack Technologies.

Some companies that are related to Slack Technologies include Snowflake (SNOW), Activision Blizzard (ATVI), Autodesk (ADSK), VMware (VMW), Palantir Technologies (PLTR), Dassault Systèmes (DASTY), Twilio (TWLO), DocuSign (DOCU), Veeva Systems (VEEV), Electronic Arts (EA), Synopsys (SNPS), CrowdStrike (CRWD), Splunk (SPLK), Cadence Design Systems (CDNS) and Okta (OKTA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Slack Technologies investors own include NVIDIA (NVDA), Zoom Video Communications (ZM), Tesla (TSLA), Square (SQ), salesforce.com (CRM), Advanced Micro Devices (AMD), DocuSign (DOCU), PayPal (PYPL), The Walt Disney (DIS) and Alibaba Group (BABA).

(WORK) raised $4.8 billion in an initial public offering on Thursday, June 20th 2019. The company issued 118,400,000 shares at a price of $38.25-$42.00 per share. DPO (Direct Public Offering) acted as the underwriter for the IPO.

Slack Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "WORK."

Slack Technologies' stock is owned by a number of institutional and retail investors. Top institutional investors include Morgan Stanley (11.54%), ARK Investment Management LLC (2.46%), Nikko Asset Management Americas Inc. (1.69%), Allianz Asset Management GmbH (1.50%), State Street Corp (1.38%) and Nuveen Asset Management LLC (1.10%). Company insiders that own Slack Technologies stock include Allen Shim, Andrew Braccia, Brandon Zell, Cal Henderson, Chamath Palihapitiya, David Schellhase, Graham Smith, John Ofarrell, Marc L Andreessen, Parallel Fund Iv-A LP Ah, Robert Frati, Stewart Butterfield, Tamar Yehoshua and Thomas C Leonard.
View institutional ownership trends for Slack Technologies.

WORK stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Raymond James & Associates, Wells Fargo & Company MN, Mission Creek Capital Partners Inc., Hamilton Lane Advisors LLC, AlpInvest Partners B.V., Standard Life Aberdeen plc, and Andra AP fonden. Company insiders that have sold Slack Technologies company stock in the last year include Allen Shim, Andrew Braccia, Brandon Zell, Cal Henderson, David Schellhase, Graham Smith, John Ofarrell, Marc L Andreessen, Robert Frati, Stewart Butterfield, and Tamar Yehoshua.
View insider buying and selling activity for Slack Technologies.

WORK stock was purchased by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Nikko Asset Management Americas Inc., Charles Schwab Investment Management Inc., State Street Corp, TD Asset Management Inc., Morgan Stanley, Allianz Asset Management GmbH, and Investmentaktiengesellschaft Fuer Langfristige Investoren TGV.
View insider buying and selling activity for Slack Technologies.

Shares of WORK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of WORK stock can currently be purchased for approximately $40.67.

Slack Technologies has a market capitalization of $23.20 billion and generates $630.42 million in revenue each year. The company earns $-571,060,000.00 in net income (profit) each year or ($1.42) on an earnings per share basis. Slack Technologies employs 2,431 workers across the globe.

The official website for Slack Technologies is slack.com.

Slack Technologies' mailing address is 500 HOWARD STREET, SAN FRANCISCO CA, 94105. The company can be reached via phone at 415-630-7943.