Zendesk Inc (NYSE:ZEN) Director Caryn Marooney sold 2,719 shares of Zendesk stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $77.00, for a total value of $209,363.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of ZEN stock opened at $78.73 on Friday. Zendesk Inc has a twelve month low of $41.77 and a twelve month high of $79.83. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of -82.87 and a beta of 1.62. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.78 and a quick ratio of 1.79.
Zendesk (NYSE:ZEN) last released its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.38. The firm had revenue of $172.25 million during the quarter, compared to analyst estimates of $165.56 million. Zendesk had a negative return on equity of 24.39% and a negative net margin of 21.89%. The business’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) EPS. As a group, equities analysts forecast that Zendesk Inc will post -0.96 EPS for the current year.
A number of equities analysts have recently commented on ZEN shares. Oppenheimer started coverage on Zendesk in a report on Thursday, January 24th. They issued a “market perform” rating and a $71.70 target price for the company. Deutsche Bank dropped their target price on Zendesk from $85.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Morgan Stanley dropped their target price on Zendesk from $84.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, October 23rd. Stephens started coverage on Zendesk in a report on Wednesday, January 16th. They issued an “overweight” rating and a $78.00 target price for the company. Finally, Wedbush dropped their target price on Zendesk from $75.00 to $71.00 and set an “outperform” rating for the company in a report on Monday, February 4th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $77.44.
Large investors have recently made changes to their positions in the stock. Flinton Capital Management LLC acquired a new position in Zendesk during the 4th quarter valued at about $30,000. Intercontinental Wealth Advisors LLC acquired a new position in Zendesk during the 4th quarter valued at about $34,000. Ipswich Investment Management Co. Inc. purchased a new stake in Zendesk during the 4th quarter valued at about $41,000. Penserra Capital Management LLC grew its stake in Zendesk by 304.5% during the 4th quarter. Penserra Capital Management LLC now owns 1,440 shares of the software maker’s stock valued at $84,000 after purchasing an additional 1,084 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Zendesk by 383.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,450 shares of the software maker’s stock valued at $85,000 after purchasing an additional 1,150 shares during the last quarter. 93.49% of the stock is currently owned by institutional investors.
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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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