Zendesk, Inc. (NYSE:ZEN) CTO Adrian Mcdermott Sells 9,761 Shares

Zendesk, Inc. (NYSE:ZEN – Get Rating) CTO Adrian Mcdermott sold 9,761 shares of Zendesk stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $120.25, for a total value of $1,173,760.25. Following the completion of the transaction, the chief technology officer now directly owns 92,760 shares in the company, valued at approximately $11,154,390. The sale was disclosed in a document filed with the SEC, which is available at this link.

Adrian Mcdermott also recently made the following trade(s):

• On Thursday, February 17th, Adrian Mcdermott sold 607 shares of Zendesk stock. The shares were sold at an average price of $116.09, for a total transaction of $70,466.63.

Shares of ZEN opened at $123.65 on Thursday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $15.07 billion, a PE ratio of -61.83 and a beta of 0.94. The firm’s 50 day moving average price is $120.34 and its 200 day moving average price is $109.83. Zendesk, Inc. has a twelve month low of $87.90 and a twelve month high of $153.43.

Zendesk (NYSE:ZEN – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The software maker reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.03). Zendesk had a negative return on equity of 33.38% and a negative net margin of 16.91%. The business had revenue of $388.30 million for the quarter, compared to analyst estimates of $384.62 million. During the same quarter last year, the company earned ($0.29) EPS. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Zendesk, Inc. will post -0.97 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on ZEN. Piper Sandler boosted their price target on shares of Zendesk from $112.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, February 11th. Zacks Investment Research lowered Zendesk from a “hold” rating to a “strong sell” rating in a report on Thursday, April 14th. UBS Group lifted their price target on Zendesk from $117.00 to $128.00 in a report on Friday, February 11th. Wolfe Research lowered Zendesk from an “outperform” rating to a “peer perform” rating and set a $130.00 price objective for the company. in a research report on Sunday, February 13th. Finally, StockNews.com assumed coverage on Zendesk in a report on Thursday, March 31st. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $134.30.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in Zendesk during the fourth quarter worth approximately $26,000. Quadrant Capital Group LLC lifted its stake in shares of Zendesk by 102.3% in the fourth quarter. Quadrant Capital Group LLC now owns 259 shares of the software maker’s stock worth $27,000 after buying an additional 131 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in shares of Zendesk in the first quarter worth $33,000. Capital Advisory Group Advisory Services LLC bought a new stake in shares of Zendesk during the 1st quarter worth $34,000. Finally, Allworth Financial LP grew its stake in Zendesk by 59.3% in the 1st quarter. Allworth Financial LP now owns 325 shares of the software maker’s stock valued at $39,000 after buying an additional 121 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

About Zendesk (Get Rating)

Zendesk, Inc, a software development company, provides software as a service solutions for organizations in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels.

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