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Slack Technologiess valuation in June 2019 was 15,700M. Only one analyst - Daniel Romanoff of Morningstar, Inc.- has a sell rating on the shares. Slack Technologiess latest funding round was a Acq - P2P for on July 21, 2021. Nine analysts say to buy Slack shares, while seven remain neutral. Wall street analysts that cover the company were unimpressed by the growth, which Mark Moerdler, an analyst at Bernstein, called "anemic." He lowered his price target to $29 from $31. The company added 5,000 paying customers in the quarter to 100,000 total, the growth represents a 37% increase from last year, down from 55%. In addition, the release showed that the company's paid customer base is seeing slowed growth. Issued in the interest of investors."We remain focused on expansion within existing customers and growing our large enterprise customer base, and ended the quarter with 720 Paid Customers greater than $100,000 in annual recurring revenue, which is up 75% year-over-year," said Allen Shim, the chief financial officer at Slack, in a press release. Receive alerts/information of your transaction/all debit and other important transactions in your Trading/ Demat Account directly from Exchange/CDSL at the end of the day.
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