Walleye Capital LLC Acquires 1,855 Shares of Zendesk, Inc. (NYSE:ZEN)

Walleye Capital LLC boosted its holdings in shares of Zendesk, Inc. (NYSE:ZENGet Rating) by 21.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,329 shares of the software maker’s stock after buying an additional 1,855 shares during the period. Walleye Capital LLC’s holdings in Zendesk were worth $1,242,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ZEN. Dimensional Fund Advisors LP lifted its stake in Zendesk by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 156,415 shares of the software maker’s stock worth $16,314,000 after purchasing an additional 10,725 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Zendesk during the fourth quarter worth about $26,000. Rhumbline Advisers lifted its stake in Zendesk by 0.9% during the fourth quarter. Rhumbline Advisers now owns 117,541 shares of the software maker’s stock worth $12,258,000 after purchasing an additional 1,094 shares during the last quarter. abrdn plc lifted its stake in Zendesk by 3.6% during the fourth quarter. abrdn plc now owns 10,113 shares of the software maker’s stock worth $1,055,000 after purchasing an additional 355 shares during the last quarter. Finally, Ensign Peak Advisors Inc lifted its stake in Zendesk by 215.2% during the fourth quarter. Ensign Peak Advisors Inc now owns 56,982 shares of the software maker’s stock worth $5,943,000 after purchasing an additional 38,905 shares during the last quarter. Institutional investors own 90.15% of the company’s stock.

Analyst Upgrades and Downgrades

ZEN has been the subject of several research analyst reports. JMP Securities lowered Zendesk from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 26th. Cowen decreased their price objective on Zendesk to $77.50 in a report on Monday, July 4th. Barclays reiterated an “equal weight” rating and issued a $78.00 price objective (down previously from $170.00) on shares of Zendesk in a report on Tuesday, June 28th. Evercore ISI decreased their price objective on Zendesk from $128.00 to $66.00 and set an “in-line” rating on the stock in a report on Friday, June 17th. Finally, Stifel Nicolaus downgraded Zendesk from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Fifteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $95.69.

Insiders Place Their Bets

In other Zendesk news, COO Jeffrey J. Titterton sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $76.75, for a total transaction of $1,535,000.00. Following the transaction, the chief operating officer now owns 687 shares in the company, valued at approximately $52,727.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Mikkel Svane sold 101,930 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $75.28, for a total value of $7,673,290.40. Following the sale, the chief executive officer now directly owns 751,983 shares of the company’s stock, valued at approximately $56,609,280.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey J. Titterton sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $76.75, for a total value of $1,535,000.00. Following the completion of the transaction, the chief operating officer now directly owns 687 shares in the company, valued at $52,727.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 173,743 shares of company stock worth $13,115,598. Company insiders own 2.92% of the company’s stock.

Zendesk Stock Up 0.0 %

ZEN stock opened at $76.60 on Monday. Zendesk, Inc. has a fifty-two week low of $54.16 and a fifty-two week high of $136.30. The business’s 50 day moving average price is $75.97 and its two-hundred day moving average price is $92.23. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of -33.60 and a beta of 0.97.

Zendesk (NYSE:ZENGet Rating) last posted its earnings results on Thursday, July 28th. The software maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.12). Zendesk had a negative return on equity of 42.82% and a negative net margin of 18.33%. The firm had revenue of $407.21 million for the quarter, compared to analysts’ expectations of $404.68 million. During the same quarter last year, the company posted ($0.35) EPS. The firm’s revenue was up 28.0% on a year-over-year basis. As a group, analysts forecast that Zendesk, Inc. will post -0.99 earnings per share for the current fiscal year.

Zendesk Company Profile

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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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Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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