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.
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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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