Zendesk, Inc. (NYSE:ZEN) SVP John Geschke sold 4,800 shares of Zendesk stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $35.46, for a total transaction of $170,208.00. Following the completion of the transaction, the senior vice president now owns 15,995 shares in the company, valued at $567,182.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
John Geschke also recently made the following trade(s):
- On Thursday, November 2nd, John Geschke sold 30,200 shares of Zendesk stock. The shares were sold at an average price of $34.36, for a total transaction of $1,037,672.00.
- On Monday, September 11th, John Geschke sold 10,000 shares of Zendesk stock. The stock was sold at an average price of $29.33, for a total transaction of $293,300.00.
Shares of Zendesk, Inc. (ZEN) opened at $34.99 on Tuesday. Zendesk, Inc. has a 1 year low of $19.77 and a 1 year high of $35.89.
Zendesk (NYSE:ZEN) last released its quarterly earnings data on Wednesday, November 1st. The software maker reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. Zendesk had a negative net margin of 24.55% and a negative return on equity of 36.17%. The business had revenue of $112.79 million for the quarter, compared to analyst estimates of $109.19 million. During the same period in the previous year, the firm earned ($0.04) EPS. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. equities research analysts predict that Zendesk, Inc. will post -1.03 earnings per share for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in Zendesk by 28.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 337,329 shares of the software maker’s stock valued at $9,458,000 after purchasing an additional 75,286 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Zendesk in the 2nd quarter valued at about $216,000. JPMorgan Chase & Co. raised its stake in Zendesk by 77.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,110,503 shares of the software maker’s stock valued at $58,629,000 after purchasing an additional 923,875 shares during the last quarter. Legato Capital Management LLC acquired a new position in Zendesk in the 2nd quarter valued at about $492,000. Finally, Teachers Advisors LLC raised its stake in Zendesk by 24.5% in the 2nd quarter. Teachers Advisors LLC now owns 175,967 shares of the software maker’s stock valued at $4,888,000 after purchasing an additional 34,599 shares during the last quarter. 95.49% of the stock is owned by hedge funds and other institutional investors.
ZEN has been the topic of several research analyst reports. Stephens lowered shares of Zendesk from an “equal weight” rating to an “underweight” rating and set a $25.00 target price on the stock. in a research report on Monday, October 9th. Morgan Stanley boosted their target price on shares of Zendesk from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, October 23rd. Zacks Investment Research upgraded shares of Zendesk from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Thursday, October 5th. Stifel Nicolaus restated a “hold” rating on shares of Zendesk in a research report on Friday, July 21st. Finally, Piper Jaffray Companies restated a “buy” rating and set a $33.00 target price on shares of Zendesk in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. Zendesk currently has a consensus rating of “Buy” and an average target price of $34.13.
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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