Slack doesn’t currently pay shareholders a dividend and it isn’t clear if there are plans to do so in the future. The average 12-month stock forecast according to 23 Wall Street analysts is $28.95, this represents an 8.94% increase on the current price of $26.58.
Is Slack Technologies efficiently growing its dividend?
Slack Technologies does not have a long track record of dividend growth. In the past three months, Slack Technologies insiders have not sold or bought any company stock. 26.82% of the stock of Slack Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.
How slack make money?
Slack makes money a few different ways. First off, they have paid subscription plans. It is through the paid subscriptions that Slack generates the majority of its revenue. With more than 100,000 paid subscribers, the subscription money they get makes up around 40% of their annual revenue. That’s not a small amount.
How does slack work?
At Slack, information flows in channels. 2 Trackable history. Slack keeps a track of all the work and makes it easier to go back to a channel and see what has been posted before. A few additional ideas to examine are 3 secure working environment, 4 integration, 5 custom shortcuts and commands, or 6 audio and video calls.
The company has over 500,000 organizations on its free subscription plan and around 575 companies which pay $100,000 per year to the company for using its services. Other paid customers contributed to about 40% of Slack’s revenue in 2019.
Yet another inquiry we ran across in our research was “What is Slack’s business model?”.
The company utilizes a freemium business model to attract users. This means that everyone interested can try out Slack and its applications for free – as long as they please.
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.
How many users does slack have?
As of April 30, 2019, Slack had more than 95,000 organization with three or more users on a paid subscription plan. The company calls these “paid customers” and they make up about 16% of the total user base, which is 600,000. The company says 575 of these paid customers accounted for approximately 40% of its revenue in FY 2019.
What is the ticker symbol for Slack Technologies?
Shares of WORK can be purchased through any online brokerage account.
What does a hold rating mean for Slack Technologies stock?
A hold rating indicates that analysts believe investors should maintain any existing positions they have in WORK, but not buy additional shares or sell existing shares. View analyst ratings for Slack Technologies or view top-rated stocks. How were Slack Technologies’ earnings last quarter?