Zendesk Inc (NYSE:ZEN) CFO Elena Gomez sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $41.99, for a total value of $20,995.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Elena Gomez also recently made the following trade(s):
- On Wednesday, December 20th, Elena Gomez sold 1,200 shares of Zendesk stock. The stock was sold at an average price of $33.66, for a total value of $40,392.00.
Zendesk Inc (ZEN) traded down $0.48 on Friday, reaching $42.47. The company’s stock had a trading volume of 223,971 shares, compared to its average volume of 977,295. The firm has a market capitalization of $4,360.00, a P/E ratio of -38.32 and a beta of 1.87. Zendesk Inc has a 12-month low of $24.49 and a 12-month high of $43.83.
Zendesk (NYSE:ZEN) last released its earnings results on Tuesday, February 6th. The software maker reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $123.43 million during the quarter, compared to the consensus estimate of $119.68 million. Zendesk had a negative return on equity of 32.88% and a negative net margin of 25.70%. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) earnings per share. analysts forecast that Zendesk Inc will post -1 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. acquired a new stake in shares of Zendesk during the 3rd quarter valued at $9,017,000. New York State Common Retirement Fund lifted its position in shares of Zendesk by 9.1% during the 3rd quarter. New York State Common Retirement Fund now owns 113,308 shares of the software maker’s stock valued at $3,298,000 after acquiring an additional 9,408 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Zendesk by 12.5% during the 3rd quarter. Legal & General Group Plc now owns 40,365 shares of the software maker’s stock valued at $1,170,000 after acquiring an additional 4,488 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Zendesk by 15.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 604,805 shares of the software maker’s stock valued at $17,605,000 after acquiring an additional 82,956 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Zendesk by 54.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 110,492 shares of the software maker’s stock valued at $3,069,000 after acquiring an additional 38,859 shares during the last quarter. Hedge funds and other institutional investors own 92.33% of the company’s stock.
ZEN has been the subject of several analyst reports. Zacks Investment Research downgraded Zendesk from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Wells Fargo & Co reiterated an “outperform” rating and set a $40.00 price objective (up from $32.00) on shares of Zendesk in a research report on Thursday, November 2nd. Stifel Nicolaus reiterated a “neutral” rating on shares of Zendesk in a research report on Friday, November 3rd. UBS Group reiterated a “neutral” rating and set a $38.00 price objective (up from $37.00) on shares of Zendesk in a research report on Thursday, November 9th. Finally, Morgan Stanley boosted their price objective on Zendesk from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $40.31.
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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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