Pendal Group Ltd bought a new position in shares of Zendesk (NYSE:ZEN) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,930 shares of the software maker’s stock, valued at approximately $188,000.
Several other institutional investors and hedge funds have also made changes to their positions in ZEN. Cerebellum GP LLC acquired a new stake in shares of Zendesk during the fourth quarter worth about $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Zendesk by 47.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock worth $194,000 after buying an additional 1,836 shares during the period. First Mercantile Trust Co. acquired a new stake in shares of Zendesk during the fourth quarter worth about $210,000. Zeke Capital Advisors LLC acquired a new stake in shares of Zendesk during the first quarter worth about $263,000. Finally, Invictus RG acquired a new stake in shares of Zendesk during the fourth quarter worth about $268,000. Institutional investors and hedge funds own 89.75% of the company’s stock.
In other news, CFO Elena Gomez sold 2,500 shares of Zendesk stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $50.00, for a total transaction of $125,000.00. Following the completion of the sale, the chief financial officer now directly owns 11,298 shares in the company, valued at approximately $564,900. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John Geschke sold 5,000 shares of Zendesk stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $48.74, for a total transaction of $243,700.00. Following the sale, the senior vice president now owns 13,850 shares of the company’s stock, valued at $675,049. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,771 shares of company stock valued at $2,870,582. Insiders own 4.70% of the company’s stock.
ZEN stock opened at $56.34 on Friday. Zendesk has a 12-month low of $24.49 and a 12-month high of $57.31. The company has a debt-to-equity ratio of 1.10, a current ratio of 3.20 and a quick ratio of 3.20. The company has a market cap of $5.76 billion, a PE ratio of -54.70 and a beta of 1.51.
Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Tuesday, May 1st. The software maker reported ($0.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.05. Zendesk had a negative net margin of 24.18% and a negative return on equity of 30.37%. The company had revenue of $129.79 million during the quarter, compared to the consensus estimate of $126.76 million. analysts forecast that Zendesk will post -0.97 earnings per share for the current year.
ZEN has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Zendesk from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Piper Jaffray restated a “buy” rating and issued a $42.00 price objective on shares of Zendesk in a research report on Tuesday, January 23rd. Bank of America raised their price objective on shares of Zendesk from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Morgan Stanley raised their price objective on shares of Zendesk from $48.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded shares of Zendesk from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Sunday, January 21st. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $48.13.
Zendesk Company Profile
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.
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