Insider Selling: Zendesk, Inc. (ZEN) Insider Sells 1,767 Shares of Stock
Zendesk, Inc. (NYSE:ZEN) insider Adrian Mcdermott sold 1,767 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $30.10, for a total value of $53,186.70. Following the completion of the sale, the insider now owns 80,726 shares in the company, valued at $2,429,852.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Adrian Mcdermott also recently made the following trade(s):
- On Wednesday, September 20th, Adrian Mcdermott sold 1,766 shares of Zendesk stock. The shares were sold at an average price of $28.87, for a total value of $50,984.42.
- On Friday, August 18th, Adrian Mcdermott sold 1,766 shares of Zendesk stock. The shares were sold at an average price of $26.42, for a total value of $46,657.72.
Shares of Zendesk, Inc. (NYSE:ZEN) traded up 0.83% during trading on Tuesday, hitting $30.37. The stock had a trading volume of 39,706 shares. The stock’s market capitalization is $3.05 billion. Zendesk, Inc. has a 52 week low of $19.77 and a 52 week high of $31.95. The stock’s 50 day moving average is $29.19 and its 200 day moving average is $28.03.
Zendesk (NYSE:ZEN) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.20). Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The company had revenue of $101.30 million during the quarter, compared to the consensus estimate of $99.47 million. During the same quarter last year, the firm earned ($0.06) EPS. The business’s revenue for the quarter was up 36.5% on a year-over-year basis. On average, equities research analysts expect that Zendesk, Inc. will post ($0.17) earnings per share for the current fiscal year.
Several analysts recently commented on ZEN shares. Zacks Investment Research upgraded Zendesk from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Thursday, October 5th. KeyCorp restated a “buy” rating and issued a $35.00 target price on shares of Zendesk in a research report on Friday, August 4th. BidaskClub cut Zendesk from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Piper Jaffray Companies restated a “buy” rating and issued a $33.00 target price on shares of Zendesk in a research report on Tuesday, September 12th. Finally, Evercore ISI started coverage on Zendesk in a research report on Friday, September 8th. They issued an “outperform” rating and a $34.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.86.
A number of hedge funds have recently bought and sold shares of ZEN. Bank of New York Mellon Corp raised its position in shares of Zendesk by 23.1% during the 1st quarter. Bank of New York Mellon Corp now owns 413,668 shares of the software maker’s stock valued at $11,599,000 after acquiring an additional 77,762 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Zendesk by 90.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 38,032 shares of the software maker’s stock valued at $1,066,000 after acquiring an additional 18,032 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Zendesk during the 1st quarter valued at $1,203,000. Parametric Portfolio Associates LLC bought a new stake in shares of Zendesk during the 1st quarter valued at $1,544,000. Finally, American International Group Inc. raised its position in shares of Zendesk by 5.2% during the 1st quarter. American International Group Inc. now owns 49,128 shares of the software maker’s stock valued at $1,378,000 after acquiring an additional 2,431 shares during the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.
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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