Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 8,334 shares of Zendesk stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $30.06, for a total transaction of $250,520.04. Following the completion of the transaction, the senior vice president now directly owns 16,380 shares in the company, valued at approximately $492,382.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Zendesk Inc (NYSE:ZEN) traded down 1.58% during trading on Friday, hitting $24.89. 1,151,773 shares of the company traded hands. The company’s 50-day moving average is $27.71 and its 200 day moving average is $25.28. Zendesk Inc has a 52-week low of $19.77 and a 52-week high of $31.88. The firm’s market cap is $2.46 billion.
Zendesk (NYSE:ZEN) last released its quarterly earnings results on Thursday, May 4th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Zendesk had a negative return on equity of 32.71% and a negative net margin of 33.27%. The company had revenue of $93.01 million during the quarter, compared to analysts’ expectations of $92.46 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. On average, equities analysts anticipate that Zendesk Inc will post ($0.18) earnings per share for the current year.
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ZEN has been the subject of a number of recent analyst reports. William Blair reiterated an “outperform” rating on shares of Zendesk in a research note on Monday, January 30th. Zacks Investment Research cut shares of Zendesk from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Cowen and Company lifted their target price on shares of Zendesk from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. Stifel Nicolaus lifted their target price on shares of Zendesk from $28.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, February 9th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $32.00 target price on shares of Zendesk in a research note on Friday, February 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. Zendesk currently has a consensus rating of “Buy” and an average target price of $32.75.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZEN. BlackRock Inc. boosted its position in Zendesk by 81,570.3% in the first quarter. BlackRock Inc. now owns 5,702,221 shares of the software maker’s stock valued at $159,888,000 after buying an additional 5,695,239 shares during the last quarter. Janus Capital Management LLC boosted its position in Zendesk by 432.1% in the fourth quarter. Janus Capital Management LLC now owns 4,017,393 shares of the software maker’s stock valued at $85,169,000 after buying an additional 3,262,384 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Zendesk by 35.1% in the fourth quarter. Franklin Resources Inc. now owns 4,676,709 shares of the software maker’s stock valued at $99,146,000 after buying an additional 1,214,144 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Zendesk during the fourth quarter valued at $20,690,000. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Zendesk by 468.2% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 900,570 shares of the software maker’s stock valued at $27,656,000 after buying an additional 742,070 shares during the period. 87.19% of the stock is owned by institutional investors.
Zendesk Company Profile
Zendesk, Inc (Zendesk) is a software development company. The Zendesk family of products is built to work together to help organizations understand and manage customer relationships. All Zendesk products share a common interface and are being developed to support a shared services infrastructure and common customer data platform.
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