Zendesk, Inc. (NYSE:ZEN) Insider Sells $367,020.00 in Stock

Zendesk, Inc. (NYSE:ZENGet Rating) insider John Geschke sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 11th. The stock was sold at an average price of $122.34, for a total value of $367,020.00. Following the completion of the sale, the insider now directly owns 41,628 shares in the company, valued at $5,092,769.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

John Geschke also recently made the following trade(s):

  • On Friday, March 11th, John Geschke sold 3,000 shares of Zendesk stock. The stock was sold at an average price of $116.33, for a total value of $348,990.00.
  • On Monday, February 14th, John Geschke sold 3,000 shares of Zendesk stock. The stock was sold at an average price of $115.65, for a total value of $346,950.00.
  • On Thursday, February 10th, John Geschke sold 4,800 shares of Zendesk stock. The stock was sold at an average price of $114.34, for a total value of $548,832.00.

Shares of ZEN traded up $3.15 during trading on Wednesday, reaching $126.53. The company’s stock had a trading volume of 2,071,881 shares, compared to its average volume of 2,006,797. Zendesk, Inc. has a twelve month low of $87.90 and a twelve month high of $155.62. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.00. The company has a market cap of $15.42 billion, a price-to-earnings ratio of -67.74 and a beta of 1.00. The company has a fifty day moving average of $116.07 and a two-hundred day moving average of $109.00.

Zendesk (NYSE:ZENGet Rating) last issued its quarterly earnings results on Thursday, February 10th. The software maker reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.05). Zendesk had a negative net margin of 16.71% and a negative return on equity of 30.17%. The firm had revenue of $375.37 million during the quarter, compared to the consensus estimate of $369.81 million. During the same quarter last year, the firm posted ($0.34) earnings per share. Zendesk’s revenue was up 32.4% compared to the same quarter last year. As a group, equities analysts forecast that Zendesk, Inc. will post -0.97 EPS for the current fiscal year.

A number of equities analysts have recently commented on the company. StockNews.com assumed coverage on Zendesk in a report on Thursday, March 31st. They issued a “hold” rating on the stock. UBS Group boosted their price target on Zendesk from $117.00 to $128.00 in a research report on Friday, February 11th. Zacks Investment Research lowered Zendesk from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 17th. Wolfe Research lowered Zendesk from an “outperform” rating to a “peer perform” rating and set a $130.00 price target on the stock. in a research report on Sunday, February 13th. Finally, Piper Sandler boosted their price target on Zendesk from $112.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $134.30.

Several hedge funds and other institutional investors have recently modified their holdings of ZEN. Acadian Asset Management LLC bought a new stake in shares of Zendesk in the 4th quarter valued at approximately $26,000. Quadrant Capital Group LLC increased its holdings in shares of Zendesk by 102.3% in the 4th quarter. Quadrant Capital Group LLC now owns 259 shares of the software maker’s stock valued at $27,000 after acquiring an additional 131 shares during the last quarter. William Allan LLC bought a new stake in shares of Zendesk in the 4th quarter valued at approximately $38,000. National Bank of Canada FI bought a new position in Zendesk during the 4th quarter worth $39,000. Finally, TCTC Holdings LLC bought a new position in Zendesk during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 94.91% of the company’s stock.

Zendesk Company Profile (Get Rating)

Zendesk, Inc engages in the provision of customer service platform which enables companies to provide customer support. Its products and services include support; guide; chat; talk; message; inbox team email; explore; connect plus outbound; integrations and apps; embeddables; insights and analytics; and products update.

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