Zendesk Inc (NYSE:ZEN) CMO Jeffrey J. Titterton sold 264 shares of the business’s stock in a transaction that occurred on Wednesday, October 17th. The stock was sold at an average price of $63.70, for a total value of $16,816.80. Following the sale, the chief marketing officer now directly owns 10,993 shares in the company, valued at approximately $700,254.10. The sale was disclosed in a legal filing with the SEC, which is available through this link.
ZEN stock opened at $57.82 on Friday. Zendesk Inc has a 1 year low of $29.57 and a 1 year high of $72.76. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.74 and a quick ratio of 2.74.
Zendesk (NYSE:ZEN) last posted its earnings results on Tuesday, July 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.29. Zendesk had a negative return on equity of 28.60% and a negative net margin of 23.24%. The firm had revenue of $141.88 million for the quarter, compared to analyst estimates of $137.96 million. On average, equities analysts predict that Zendesk Inc will post -0.95 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. Pendal Group Ltd lifted its stake in Zendesk by 24.0% in the 2nd quarter. Pendal Group Ltd now owns 4,873 shares of the software maker’s stock valued at $266,000 after buying an additional 943 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in Zendesk by 8.8% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 16,046 shares of the software maker’s stock valued at $1,139,000 after buying an additional 1,300 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Zendesk by 13.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 11,264 shares of the software maker’s stock valued at $614,000 after buying an additional 1,333 shares in the last quarter. First Trust Advisors LP lifted its stake in Zendesk by 0.8% in the 2nd quarter. First Trust Advisors LP now owns 201,928 shares of the software maker’s stock valued at $11,003,000 after buying an additional 1,580 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its stake in Zendesk by 2,509.9% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 2,114 shares of the software maker’s stock valued at $115,000 after buying an additional 2,033 shares in the last quarter. 92.20% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the company. Craig Hallum boosted their price target on Zendesk from $63.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Canaccord Genuity reissued a “buy” rating and set a $65.00 price target on shares of Zendesk in a research note on Wednesday, August 1st. Deutsche Bank assumed coverage on Zendesk in a research note on Monday, October 8th. They set a “buy” rating and a $85.00 price target on the stock. Morgan Stanley boosted their price target on Zendesk from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 27th. Finally, Stifel Nicolaus boosted their price target on Zendesk from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Zendesk currently has a consensus rating of “Buy” and a consensus price target of $65.00.
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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