EMS Capital LP Buys 420,000 Shares of Zendesk Inc (NYSE:ZEN)

EMS Capital LP raised its stake in shares of Zendesk Inc (NYSE:ZEN) by 35.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,620,000 shares of the software maker’s stock after acquiring an additional 420,000 shares during the period. Zendesk makes up 4.9% of EMS Capital LP’s investment portfolio, making the stock its 10th biggest holding. EMS Capital LP owned 1.60% of Zendesk worth $54,821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its holdings in shares of Zendesk by 755.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 827,334 shares of the software maker’s stock worth $24,083,000 after acquiring an additional 730,570 shares during the period. Two Sigma Investments LP grew its holdings in Zendesk by 252.0% during the 4th quarter. Two Sigma Investments LP now owns 620,436 shares of the software maker’s stock valued at $20,996,000 after buying an additional 444,180 shares during the last quarter. Whale Rock Capital Management LLC grew its holdings in Zendesk by 24.5% during the 4th quarter. Whale Rock Capital Management LLC now owns 1,805,901 shares of the software maker’s stock valued at $61,112,000 after buying an additional 355,577 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Zendesk during the 3rd quarter valued at $9,017,000. Finally, AXA grew its holdings in Zendesk by 301.0% during the 4th quarter. AXA now owns 388,975 shares of the software maker’s stock valued at $13,163,000 after buying an additional 291,975 shares during the last quarter. 93.22% of the stock is owned by hedge funds and other institutional investors.

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Several research firms have recently issued reports on ZEN. ValuEngine upgraded Zendesk from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $42.00 target price on shares of Zendesk in a research report on Wednesday, January 17th. Piper Jaffray reaffirmed a “buy” rating and issued a $42.00 target price on shares of Zendesk in a research report on Tuesday, January 23rd. Bank of America raised their price objective on Zendesk from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Zacks Investment Research raised Zendesk from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Sunday, January 21st. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Zendesk presently has a consensus rating of “Buy” and an average price target of $42.33.

In other Zendesk news, CFO Elena Gomez sold 5,000 shares of Zendesk stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the transaction, the chief financial officer now directly owns 13,382 shares in the company, valued at approximately $669,100. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Adrian Mcdermott sold 1,593 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $36.27, for a total transaction of $57,778.11. Following the transaction, the insider now owns 81,081 shares in the company, valued at $2,940,807.87. The disclosure for this sale can be found here. Insiders sold 196,936 shares of company stock worth $8,032,434 in the last ninety days. 5.30% of the stock is owned by corporate insiders.

Shares of NYSE:ZEN opened at $45.09 on Friday. Zendesk Inc has a 12 month low of $24.49 and a 12 month high of $50.15. The company has a market cap of $4,842.38, a P/E ratio of -43.78 and a beta of 1.51.

Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The company had revenue of $123.43 million for the quarter, compared to analysts’ expectations of $119.68 million. Zendesk had a negative return on equity of 32.48% and a negative net margin of 25.70%. The firm’s revenue was up 39.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) earnings per share. analysts expect that Zendesk Inc will post -1 EPS for the current year.

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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, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.

Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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