Zendesk Inc (ZEN) SVP John Geschke Sells 8,334 Shares

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.

Insider Buying and Selling by Quarter for Zendesk (NYSE:ZEN)

ILLEGAL ACTIVITY WARNING: “Zendesk Inc (ZEN) SVP John Geschke Sells 8,334 Shares” was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.chaffeybreeze.com/2017/05/20/john-geschke-sells-8334-shares-of-zendesk-inc-zen-stock-updated.html.

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.

12 Month Chart for NYSE:ZEN

Receive News & Ratings for Zendesk Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply