Insider Selling: Zendesk Inc (NYSE:ZEN) Insider Sells 1,353 Shares of Stock

Zendesk Inc (NYSE:ZEN) insider Adrian Mcdermott sold 1,353 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $34.19, for a total transaction of $46,259.07. Following the completion of the sale, the insider now directly owns 80,948 shares of the company’s stock, valued at $2,767,612.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Adrian Mcdermott also recently made the following trade(s):

  • On Monday, November 20th, Adrian Mcdermott sold 1,679 shares of Zendesk stock. The shares were sold at an average price of $34.39, for a total transaction of $57,740.81.
  • On Thursday, October 19th, Adrian Mcdermott sold 1,767 shares of Zendesk stock. The stock was sold at an average price of $30.10, for a total transaction of $53,186.70.

Shares of Zendesk Inc (NYSE ZEN) opened at $37.51 on Friday. The company has a market cap of $3,807.53, a P/E ratio of -33.79 and a beta of 1.83. Zendesk Inc has a 1 year low of $22.20 and a 1 year high of $37.71.

Zendesk (NYSE:ZEN) last released its quarterly earnings results on Wednesday, November 1st. The software maker reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.04. The business had revenue of $112.79 million for the quarter, compared to analyst estimates of $109.19 million. Zendesk had a negative net margin of 27.43% and a negative return on equity of 32.50%. The company’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) earnings per share. research analysts expect that Zendesk Inc will post -1.03 EPS for the current fiscal year.

A number of brokerages have recently issued reports on ZEN. ValuEngine lowered shares of Zendesk from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. UBS Group reiterated a “neutral” rating and set a $38.00 price target (up from $37.00) on shares of Zendesk in a research note on Thursday, November 9th. Canaccord Genuity boosted their price target on shares of Zendesk from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research lowered shares of Zendesk from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Royal Bank of Canada restated a “buy” rating and set a $35.00 target price on shares of Zendesk in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.13.

Several institutional investors and hedge funds have recently made changes to their positions in ZEN. Public Employees Retirement Association of Colorado purchased a new position in shares of Zendesk during the second quarter valued at approximately $380,000. Sei Investments Co. purchased a new position in shares of Zendesk during the second quarter valued at approximately $425,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Zendesk by 13.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 373,968 shares of the software maker’s stock valued at $10,389,000 after buying an additional 42,929 shares during the period. First Trust Advisors LP purchased a new position in shares of Zendesk during the second quarter valued at approximately $1,059,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Zendesk during the second quarter valued at approximately $216,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Insider Selling: Zendesk Inc (NYSE:ZEN) Insider Sells 1,353 Shares of Stock” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/14/zendesk-inc-zen-insider-adrian-mcdermott-sells-1353-shares-of-stock.html.

About Zendesk

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.

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

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

Leave a Reply