WORK - Slack Technologies, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
34.54
-0.21 (-0.60%)
As of 1:22PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close34.75
Open34.57
Bid34.71 x 900
Ask34.72 x 900
Day's Range34.35 - 35.15
52 Week Range33.37 - 42.00
Volume4,047,473
Avg. Volume18,070,200
Market Cap17.426B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-1.21
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est40.00
Trade prices are not sourced from all markets
  • Slack Stock Runs Into Microsoft Team Competition Worries Post IPO
    Investor's Business Daily2 hours ago

    Slack Stock Runs Into Microsoft Team Competition Worries Post IPO

    Shares in Slack Technologies have cooled off since its initial public offering in June. Slack stock continues to win buy ratings, amid competition with Microsoft's Team collaboration software.

  • Don't Trust the New Slack Bulls
    Motley Fool22 hours ago

    Don't Trust the New Slack Bulls

    Analysts who helped bring the email disruptor to market last month are chiming in with upbeat opinions, but the real story is Slack itself.

  • 3 Analysts Start Slack at Buy
    Motley Fool22 hours ago

    3 Analysts Start Slack at Buy

    All three advised Slack for its direct listing.

  • American City Business Journals23 hours ago

    These Silicon Valley venture investors did the most deals in Q2

    The top two in PitchBook's second-quarter ranking aren't investors that most people would think of as the region's top startup backers.

  • New Slack Bulls Cite Its Potential to ‘Severely Displace Email’
    Bloombergyesterday

    New Slack Bulls Cite Its Potential to ‘Severely Displace Email’

    (Bloomberg) -- Slack Technologies Inc. added three new bulls as hopes are high for the company that makes software for workers to chat and collaborate on projects.“Slack will replace or severely displace email over the next several years,” William Blair analyst Bhavan Suri wrote. “Unlike email, Slack has been purposefully architected to support integrations with other software applications and is designed to foster collaborative team communication.”Barclays and Canaccord also started coverage of the company that opted for a direct listing on the New York Stock Exchange. By doing so, Slack bypassed the usual fundraising process of an initial public offering and allowed shareholders to sell right away without a lockup period. The shares climbed as much as 3.6% on Monday after falling in six of the prior seven sessions.William Blair sees the addressable market near $46 billion, much higher than the $28 billion that the firm said the company is projecting. Suri sees a high growth rate over the next several years.Slack’s product offers workers another tool that may boost productivity, wrote Raimo Lenschow at Barclays, who set a Street-high $45 target on the stock. The potential is enormous if the company succeeds in supplanting email as the dominant way to interact.“If successful, this would create a new, very large market (millions of email users) enabling Slack to be one of the very large, future software leaders -- hence our excitement on this name,” Lenschow said.Meanwhile, Canaccord analyst Richard Davis called Slack’s real-time chat engine “the most advanced, easiest to use and most integrated to other applications” in the market.Slack now has six buys, two holds and no sell ratings, with an average price target of $40, according to data compiled by Bloomberg. The shares have fallen about 10% since their first-day pop.To contact the reporter on this story: Derek Hall in Chicago at dhall129@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Will DaleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • American City Business Journalsyesterday

    10 Bay Area startups that reached unicorn status in Q2

    Across the globe, 23 startups achieved unicorn status in the second quarter, of which 19 are in the U.S. Bay Area startups accounted for nearly half of all unicorns created worldwide.

  • American City Business Journals4 days ago

    Here are the Bay Area's 10 biggest venture-backed exits from a record Q2

    The $165.2 billion exit value from IPOs and M&A; in the first half of this year has already surpassed every full year total on record, according to PitchBook Data and the National Venture Capital Association. Here are the Bay Area's 10 biggest exits in Q2.

  • TheStreet.com5 days ago

    [video]Microsoft Says That Teams Has More Users Than Slack Now

    Microsoft said that Teams has more than 13 million daily users, compared to Slack's last reported user count of 10 million.

  • New Survey Doesn't Bode Well for Slack
    Motley Fool6 days ago

    New Survey Doesn't Bode Well for Slack

    It's hard to compete with free.

  • How Slack Makes Money: Subscription Plans
    Investopedia8 days ago

    How Slack Makes Money: Subscription Plans

    Slack primarily makes money selling annual or monthly subscriptions to large organizations. Slack says its product helps to increase collaboration, transparency and organizational agility. Apart from providing a chat room for office teams, Slack has become more of an operating system for the workplace. Just like Facebook is the foundation for many consumer logins, Slack’s chat interface has the potential to be the basis for digital services and apps used at work.

  • PagerDuty’s Jennifer Tejada is ‘not your typical CEO’ in Silicon Valley, but hopes to change that
    MarketWatch11 days ago

    PagerDuty’s Jennifer Tejada is ‘not your typical CEO’ in Silicon Valley, but hopes to change that

    Jennifer Tejada is an improbable Silicon Valley CEO but a likely template for its foreseeable future. She’s part of a wave of executives at enterprise-software companies in the San Francisco Bay Area that are leaving an imprint with flashy financial results, business models that resonate with investors, and socially conscious policies.

  • GuruFocus.com12 days ago

    Slack Technologies Inc (WORK) CEO Stewart Butterfield Sold $4.2 million of Shares

    CEO of Slack Technologies Inc (NYSE:WORK) Stewart Butterfield sold 113,763 shares of WORK on 07/02/2019 at an average price of $37.06 a share.

  • Slack listing comes during banner year for tech IPOs despite Uber and Lyft’s troubled debuts
    MarketWatch14 days ago

    Slack listing comes during banner year for tech IPOs despite Uber and Lyft’s troubled debuts

    What has so far been a banner year for tech initial public offerings is expected to receive a substantial jolt Thursday when messaging platform Slack Technologies Inc. debuts in a direct listing.

  • GuruFocus.com14 days ago

    Weekly CFO Sales Highlight

    Recent sales from company CFOs

  • 'Tariff-proof': One class of recent IPOs is seen as immune to the trade war
    Yahoo Finance14 days ago

    'Tariff-proof': One class of recent IPOs is seen as immune to the trade war

    Shares of business-to-business SAAS (software as a service) companies like Slack and PagerDuty have outperformed consumer tech firms.

  • Keeping Up with Sharing Economy IPOs Fiverr, Slack, and RealReal
    Market Realist15 days ago

    Keeping Up with Sharing Economy IPOs Fiverr, Slack, and RealReal

    While May was marked by Uber’s (UBER) flop IPO, June saw three sharing economy IPOs do great on their debuts, meaning windfall gains for early investors.

  • Weekly Tech Stock News: Key Apple Exec Leaves, Slack Stock Gets a Buy Rating, and More
    Motley Fool17 days ago

    Weekly Tech Stock News: Key Apple Exec Leaves, Slack Stock Gets a Buy Rating, and More

    BlackBerry, Apple, and Slack were some of this week's biggest headlines.

  • 3 Under-the-Radar Stories in the Stock Market This Week
    Motley Fool17 days ago

    3 Under-the-Radar Stories in the Stock Market This Week

    Amazon's user experience isn't all that, lessons from the history of the handheld calculator business, and why business-to-business technology firms don't get the credit they deserve.

  • Barrons.com17 days ago

    Slack Executives and Early Investors Sold Half-a-Billion in Stock When It Went Public

    Slack Technologies stock recently went public in a direct listing on the New York Stock Exchange, and that also meant company insiders and early Slack investors could sell their shares immediately.

  • Nasdaq Today: Apple Loses Ive and the Nasdaq’s Q3 Outlook
    InvestorPlace18 days ago

    Nasdaq Today: Apple Loses Ive and the Nasdaq’s Q3 Outlook

    Stocks initially rallied on Friday, but pared a lot of those gains in the afternoon session. Thanks to a late-day surge, we saw a 0.46% gain on the Nasdaq today. Investors are trying to position themselves ahead of the weekend as the G20 summit is underway and President Trump is set to meet with President Xi to discuss trade.Source: Shutterstock Further, the end of Friday's trading session marks the end of the second quarter for the stock market. While it seems long forgotten, the markets are still trying to stabilize following the fourth quarter volatility.From peak to trough, the Nasdaq fell about 20% in the fourth quarter. But it set up a wicked first-quarter bounce. The index rallied 16.5% in the first quarter and briefly hit new highs in the second quarter. With a wavering trade-war situation though, Q2 has been more of a digestion quarter, with the index up about 2%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Worst S&P 500 Stocks of 2019 (So Far) Where does that leave it for the second half of the year? The Nasdaq's Third-Quarter Outlook Click to EnlargeAs much as I don't want to say it, so much of how the index will do next quarter may depend on the trade war situation. I'm sick of it and so is everyone else. But if we get some progress toward a deal, semiconductors, memory makers and global economies can all see a recovery. This could pave the way for the Nasdaq to hit new highs sometime in the next 90 days.If the trade situations worsens -- perhaps with Trump ratcheting up more tariffs or with China trying to play the waiting game for the next U.S. election -- then we very well could see some selling pressure.From a purely technical outlook, the Nasdaq looks good. 8,100 has been resistance, but the sharp rally from 7,300 to 8,100 and slight pullback has the index looking primed for more upside. Unfortunately though, there's more to consider than the charts.If the trade situation worsens, I expect the Nasdaq to lose the 50-day moving average. If it does, a decline down to the 200-day moving average at 7,512 could be in the cards. Below that is range support near 7,300, which would mark a near-10% decline from the recent highs at 8,088. Winners in the Nasdaq TodayThe RealReal (NASDAQ:REAL) hit the public markets on Friday. Shares priced at $20 apiece, above its initial range of $18 to $19. Even then, the stock was able to maintain momentum, closing at $28.90 and up 44.5% on its first day of trading. The IPO market remains red hot, but investors are likely wondering if REAL will cool off a bit like Chewy (NYSE:CHWY), Slack (NYSE:WORK) and Fiverr (NYSE:FVRR) -- all of which logged nice gains on Friday too.Western Digital (NASDAQ:WDC) caught a big boost, rising 6.7% on more than two-times regular volume. Despite a bearish analyst call on Thursday, the stock is storming higher after a power outage at one of its production facilities in Japan. Analysts at Morgan Stanley -- which has an equal-weight rating and $46 price target -- said it shouldn't have a big impact.More momentum in biotech continued. Invitae (NASDAQ:NVTA) logged massive gains on Friday, up 8.9%. Sarepta Therapeutics (NASDAQ:SRPT) surged 17.1%, while Alexion Pharmaceuticals (NASDAQ:ALXN), Illumina (NASDAQ:ILMN) all sported solid gains on the day. The genomics trade is doing well over the past few days. Losers in the Nasdaq TodayCisco Systems (NASDAQ:CSCO) took a tumble on Friday, falling 3% at one point. While support is nearby, one can't help but wonder if Micron's (NASDAQ:MU) newfound momentum is bad news for CSCO. The company is a DRAM buyer, which has been under pressure for the past few quarters. While a rise in cost wouldn't be a death-blow to Cisco, it could create a solid buying opportunity in the name on further weakness.Apple (NASDAQ:AAPL) stock slipped about 1% on Friday on news that its chief design officer (CDO) Jony Ive is leaving the company to start his own company. Don't worry, everyone. Apple will be a client of Ive's new company. After 27 years at Apple and 23 years as its CDO, Ive has earned the right to call his own shots. Apple should still be okay too, given its powerful balance sheet.Unlike many others in the biotech sector -- which rallied 1.75% on Friday -- Biogen (NASDAQ:BIIB) wasn't feeling too hot. Shares slipped over 2% after the stock was downgraded to neutral by Piper Jaffray analysts. * 10 Small-Cap Stocks That Look Like Bargains Last but not least, there's Roku (NASDAQ:ROKU). For a stock that's still up 31% in Q2 and 195% for the year, the stock isn't ending the quarter on a particularly high note. The stock is now about 15% off its highs and slipping almost 3% on Friday alone. News of a competing smart TV from Amazon (NASDAQ:AMZN) earlier in the week continues to hang over the stock. How long into Q3 before Roku shakes off this news?Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN, ROKU, NVTA and AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post Nasdaq Today: Apple Loses Ive and the Nasdaqa€™s Q3 Outlook appeared first on InvestorPlace.

  • Atlassian Keeps Moving Forward with M&A
    InvestorPlace18 days ago

    Atlassian Keeps Moving Forward with M&A

    Atlassian (NASDAQ:TEAM) is a London-based firm that began in Australia. Initially, TEAM was interested in developing software for developers so they could communicate in real time with one another as they were creating code.Source: Peter Hershey via UnsplashWhen that started to bear fruit, they began to see the potential for building these types of platforms for project management and content management. Atlassian's two most popular platforms are Jira -- an issue-tracking product -- and collaboration program Confluence.The most unique aspect of TEAM's success is the fact that it has grown by acquisition since 2011. In that time, it has spent $1 billion on 20 acquisitions, which is pretty good for a company that started in Sydney with $10,000 in credit card debt in 2002.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTEAM continues to see acquisition as its strategy moving forward. As a matter of fact, it recently began to streamline its acquisition strategy so that Atlassian doesn't have to waste time with the deal and can focus on the integration.Earlier this month, Atlassian published a term sheet document for acquisitions to lay out fundamentals like how much will be placed in escrow, and for how long. * The 7 Top Small-Cap Stocks Of 2019 It wasn't that there was a problem getting deals done, it was the fact that most of the time and energy was spent negotiating terms rather than integration. TEAM leadership thought that they could improve this process by streamlining the front end so that they could integrate the new company faster, which is what makes acquisitions succeed.By lowering the friction of acquisition and opening up the process, TEAM stock can compete for companies with big players like Microsoft (NASDAQ:MSFT) and Salesforce (NYSE:CRM). TEAM Stock Takes Strategic ApproachThis productivity software space is very hot these days, and Atlassian one of the leaders. As a result it does things a bit differently than the average budding enterprise software giant.For example, TEAM launched Stride as a competitor to Slack's (NYSE:WORK) eponymous productivity platform. But after competing in a space that wasn't a core market for TEAM to begin with, it did something rarely done.TEAM stock cut a deal to sell its Stride platform to WORK for a small equity stake. Both companies agreed to work to integrate the Stride platform into Slack.That way, Slack would get rid of what could have been significant competition and get a channel partner out of the deal.And instead of Altassian pumping time and energy into a space it wasn't growing in, the company quickly admitted defeat and built a strategic position from it. Now, WORK has gone public and has a market cap around $31 billion. The value of TEAM's equity stake has quadrupled in value.TEAM stock is up 49% year to date and 114% in the past 12 months. It can be a bouncy ride, but this unique company continues to fire on all cylinders.My Portfolio Grader gives TEAM stock an overall A rating.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post Atlassian Keeps Moving Forward with M&A appeared first on InvestorPlace.

  • Barrons.com19 days ago

    The Big Early Investors Who Sold Slack Stock When It Went Public

    Three of the company’s venture investors have been actively selling shares—and distributing shares to their limited partners.