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Weekly CFO Sells Highlight

According to GuruFocus Insider Data, the recent Chief Financial Officer (CFO) sells were for Slack Technologies Inc. (NYSE:WORK) and Okta Inc. (NASDAQ:OKTA).

Slack Technologies Inc: CFO Allen Shim sold 3,857 shares

CFO Allen Shim sold 3,857 shares for $26.32 per share on April 1. Since then, the stock price has decreased by 0.27%.

Slack Technologies Inc. has a market cap of $14.62 billion and its shares were traded around $26.25. The company has a price-sales ratio of 20.36.


Slack Technologies announced its first-quarter results with revenue of $181.90 million and gross profit of $157.53 million, while the net loss was $83.00 million. The 2019 total revenue was $630.42 million, a 57% increase from 2018. The gross profit was $533.23 million, a 53% increase from the year prior. The net loss was $571.06 million.

CEO Stewart Butterfield sold 117,000 shares for $26.03 per share on April 1. Since then, the stock price has increased by 0.85%.

Chief Technology Officer Cal Henderson sold 3,000 shares for $30.02 per share on April 21. Since then, the stock price has decreased by 12.56%.

Director Andrew Braccia sold 318,486 shares for $29.98 per share on April 21. Since then, the stock price has decreased by 12.44%.

General Counsel and Secretary David Schellhase sold 8,166 shares for $30 per share on April 20. Since then, the stock price has decreased by 12.5%.

Okta Inc: CFO William E. Losch sold 30,000 shares

CFO William E. Losch sold 30,000 shares for $133.21 per share on April 13. Since then, the stock price has increased by 13.32%.

Okta Inc. has a market cap of $18.53 billion and its shares were traded around $150.95. The company has a price-sales ratio of 30.26.

Okta announced its first-quarter results with revenue of $167.33 million and gross profit of $122.64 million, while the net loss was $50.47 million. The 2019 total revenue was $586.07 million, a 47% increase from 2018. The gross profit was $426.69 million, a 49% increase from the year prior. The net loss was $208.91 million.

Director Patrick W. Grady sold 50,000 shares for $152.03 per share on April 20. Since then, the stock price has decreased by 0.71%.

Director L. Michelle Wilson sold 10,000 shares for $148.28 per share on April 16. Since then, the stock price has increased by 1.8%.

Chief Accounting Officer Christopher K. Kramer sold 1,730 shares for $138.24 per share on April 15. Since then, the stock price has increased by 9.19%.

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This article first appeared on GuruFocus.