Jeffrey J. Titterton Sells 3,000 Shares of Zendesk Inc (NYSE:ZEN) Stock

Zendesk Inc (NYSE:ZEN) CMO Jeffrey J. Titterton sold 3,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $89.31, for a total transaction of $267,930.00. Following the completion of the transaction, the chief marketing officer now owns 13,141 shares in the company, valued at $1,173,622.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Zendesk stock opened at $88.05 on Thursday. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of -92.68 and a beta of 1.59. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54. Zendesk Inc has a 12-month low of $45.60 and a 12-month high of $93.72.

Zendesk (NYSE:ZEN) last posted its earnings results on Tuesday, April 30th. The software maker reported ($0.28) EPS for the quarter, hitting analysts’ consensus estimates of ($0.28). The firm had revenue of $181.48 million during the quarter, compared to analysts’ expectations of $179.53 million. Zendesk had a negative net margin of 22.52% and a negative return on equity of 25.37%. The business’s revenue for the quarter was up 39.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 earnings per share. On average, analysts predict that Zendesk Inc will post -1.07 EPS for the current fiscal year.

ZEN has been the topic of several research reports. Zacks Investment Research downgraded shares of Zendesk from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Deutsche Bank increased their price objective on shares of Zendesk from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, March 29th. Wedbush reiterated an “outperform” rating and set a $93.00 price objective on shares of Zendesk in a research note on Monday, April 29th. Jefferies Financial Group increased their price objective on shares of Zendesk from $90.00 to $102.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 1st. Finally, JMP Securities increased their price objective on shares of Zendesk from $82.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $92.14.

Hedge funds have recently bought and sold shares of the company. Flinton Capital Management LLC bought a new position in shares of Zendesk in the fourth quarter worth about $30,000. Capital Investment Advisory Services LLC bought a new position in shares of Zendesk in the first quarter worth about $34,000. Sageworth Trust Co bought a new position in shares of Zendesk in the first quarter worth about $42,000. Fifth Third Bancorp lifted its holdings in shares of Zendesk by 66.6% in the first quarter. Fifth Third Bancorp now owns 513 shares of the software maker’s stock worth $44,000 after acquiring an additional 205 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Zendesk by 90.0% in the first quarter. CWM LLC now owns 532 shares of the software maker’s stock worth $45,000 after acquiring an additional 252 shares during the last quarter. 97.45% of the stock is owned by hedge funds and other institutional investors.

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About Zendesk

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.

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

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