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NYSE:WORK

Slack Technologies Stock Forecast, Price & News

$40.67
-0.03 (-0.07 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$37.50
Now: $40.67
$40.90
50-Day Range
$24.10
MA: $28.82
$40.70
52-Week Range
$15.10
Now: $40.67
$40.99
Volume47.93 million shs
Average Volume16.24 million shs
Market Capitalization$23.20 billion
P/E RatioN/A
Dividend YieldN/A
Beta-0.02
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. Slack Technologies, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.44 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone415-630-7943
Employees2,431

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$630.42 million
Book Value$1.30 per share

Profitability

Net Income$-571,060,000.00

Miscellaneous

Market Cap$23.20 billion
Next Earnings Date12/9/2020 (Confirmed)
OptionableNot Optionable
$40.67
-0.03 (-0.07 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Slack Technologies (NYSE:WORK) Frequently Asked Questions

How has Slack Technologies' stock price been impacted by COVID-19?

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.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Slack Technologies?

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.

What stocks does MarketBeat like better than Slack Technologies?

Wall Street analysts have given Slack Technologies a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Slack Technologies wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Slack Technologies' next earnings date?

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

How can I listen to Slack Technologies' earnings call?

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.

How were Slack Technologies' earnings last quarter?

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
.

What guidance has Slack Technologies issued on next quarter's earnings?

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.

What price target have analysts set for WORK?

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
.

Who are some of Slack Technologies' key competitors?

What other stocks do shareholders of Slack Technologies own?

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).

Who are Slack Technologies' key executives?

Slack Technologies' management team includes the following people:
  • Mr. Daniel Stewart Butterfield, Co-Founder, CEO & Chairman (Age 47, Pay $715.42k)
  • Mr. Allen Shim, CFO & Treasurer (Age 39, Pay $419.63k)
  • Mr. Robert Frati, Sr. VP of Sales & Customer Success (Age 51, Pay $737.46k)
  • Mr. Cal Henderson, Co-Founder & CTO (Age 39)
  • Brandon Zell, Chief Accounting Officer
  • Mr. Jesse Wade Hulsing, VP of Fin. & Investor Relations
  • Mr. David R. Schellhase, Gen. Counsel & Sec. (Age 56)
  • Ms. Julie Liegl, Chief Marketing Officer
  • Mr. Brad Armstrong, VP of Bus. Devel. & Corp. Devel.
  • Ms. Nadia Nicole Rawlinson, Chief People Officer (Age 41)

When did Slack Technologies IPO?

(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.

What is Slack Technologies' stock symbol?

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

Who are Slack Technologies' major shareholders?

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
.

Which institutional investors are selling Slack Technologies stock?

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
.

Which institutional investors are buying Slack Technologies stock?

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
.

How do I buy shares of 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.

What is Slack Technologies' stock price today?

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

How big of a company is Slack Technologies?

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.

What is Slack Technologies' official website?

The official website for Slack Technologies is slack.com.

How can I contact Slack Technologies?

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

This page was last updated on 11/28/2020 by MarketBeat.com Staff

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