Insider Selling: Zendesk, Inc. (ZEN) CFO Sells 1,200 Shares of Stock
Zendesk, Inc. (NYSE:ZEN) CFO Elena Gomez sold 1,200 shares of the business’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $30.10, for a total value of $36,120.00. Following the sale, the chief financial officer now owns 3,925 shares in the company, valued at $118,142.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Elena Gomez also recently made the following trade(s):
- On Wednesday, September 20th, Elena Gomez sold 1,200 shares of Zendesk stock. The stock was sold at an average price of $28.87, for a total value of $34,644.00.
- On Tuesday, August 15th, Elena Gomez sold 1,431 shares of Zendesk stock. The stock was sold at an average price of $27.06, for a total value of $38,722.86.
Shares of Zendesk, Inc. (NYSE:ZEN) traded up 0.93% during midday trading on Tuesday, reaching $30.40. The company’s stock had a trading volume of 41,112 shares. The stock’s market capitalization is $3.06 billion. The stock has a 50-day moving average price of $29.19 and a 200 day moving average price of $28.03. Zendesk, Inc. has a 52 week low of $19.77 and a 52 week high of $31.95.
Zendesk (NYSE:ZEN) last posted its earnings results on Thursday, August 3rd. The software maker reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.20). Zendesk had a negative net margin of 29.34% and a negative return on equity of 32.10%. The company had revenue of $101.30 million for the quarter, compared to the consensus estimate of $99.47 million. During the same quarter last year, the business earned ($0.06) earnings per share. Zendesk’s quarterly revenue was up 36.5% on a year-over-year basis. Equities analysts forecast that Zendesk, Inc. will post ($0.17) earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of ZEN. BlackRock Inc. raised its holdings in Zendesk by 81,570.3% during the first quarter. BlackRock Inc. now owns 5,702,221 shares of the software maker’s stock valued at $159,888,000 after buying an additional 5,695,239 shares in the last quarter. Janus Henderson Group PLC bought a new position in Zendesk during the second quarter valued at about $137,975,000. JPMorgan Chase & Co. raised its holdings in Zendesk by 77.9% during the second quarter. JPMorgan Chase & Co. now owns 2,110,503 shares of the software maker’s stock valued at $58,629,000 after buying an additional 923,875 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in Zendesk by 26.5% during the second quarter. Wasatch Advisors Inc. now owns 3,919,479 shares of the software maker’s stock valued at $108,883,000 after buying an additional 820,465 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Zendesk by 10.9% during the second quarter. Vanguard Group Inc. now owns 7,365,549 shares of the software maker’s stock valued at $204,615,000 after buying an additional 721,652 shares in the last quarter. Institutional investors own 95.97% of the company’s stock.
A number of analysts have commented on ZEN shares. BidaskClub downgraded Zendesk from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded Zendesk from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Stifel Nicolaus restated a “hold” rating on shares of Zendesk in a research report on Friday, July 21st. KeyCorp restated a “buy” rating and issued a $35.00 price objective on shares of Zendesk in a research report on Friday, August 4th. Finally, Piper Jaffray Companies set a $33.00 price objective on Zendesk and gave the company a “buy” rating in a research report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. Zendesk has a consensus rating of “Buy” and an average price target of $32.86.
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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