John Geschke Sells 787 Shares of Zendesk Inc (ZEN) Stock

Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 787 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $35.05, for a total transaction of $27,584.35. Following the transaction, the senior vice president now owns 12,582 shares in the company, valued at $440,999.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

John Geschke also recently made the following trade(s):

  • On Friday, January 5th, John Geschke sold 3,507 shares of Zendesk stock. The shares were sold at an average price of $35.04, for a total transaction of $122,885.28.
  • On Wednesday, December 13th, John Geschke sold 5,000 shares of Zendesk stock. The shares were sold at an average price of $34.23, for a total transaction of $171,150.00.
  • On Monday, November 13th, John Geschke sold 9,727 shares of Zendesk stock. The shares were sold at an average price of $35.09, for a total transaction of $341,320.43.
  • On Wednesday, November 8th, John Geschke sold 4,800 shares of Zendesk stock. The shares were sold at an average price of $35.46, for a total transaction of $170,208.00.
  • On Thursday, November 2nd, John Geschke sold 30,200 shares of Zendesk stock. The shares were sold at an average price of $34.36, for a total transaction of $1,037,672.00.

Zendesk Inc (ZEN) traded up $0.12 during midday trading on Friday, hitting $34.97. 490,286 shares of the company were exchanged, compared to its average volume of 657,900. Zendesk Inc has a twelve month low of $22.18 and a twelve month high of $35.89. The company has a market cap of $3,540.00, a P/E ratio of -31.79 and a beta of 1.83.

Zendesk (NYSE:ZEN) last released its earnings results on Wednesday, November 1st. The software maker reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. The business had revenue of $112.79 million for the quarter, compared to the consensus estimate of $109.19 million. Zendesk had a negative net margin of 27.43% and a negative return on equity of 32.50%. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) earnings per share. sell-side analysts predict that Zendesk Inc will post -1.03 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC bought a new stake in Zendesk in the second quarter worth approximately $137,975,000. BlackRock Inc. grew its position in Zendesk by 54.9% in the second quarter. BlackRock Inc. now owns 8,835,508 shares of the software maker’s stock worth $245,450,000 after acquiring an additional 3,133,287 shares in the last quarter. JPMorgan Chase & Co. grew its position in Zendesk by 77.9% in the second quarter. JPMorgan Chase & Co. now owns 2,110,503 shares of the software maker’s stock worth $58,629,000 after acquiring an additional 923,875 shares in the last quarter. Wasatch Advisors Inc. grew its position in Zendesk by 26.5% in the second quarter. Wasatch Advisors Inc. now owns 3,919,479 shares of the software maker’s stock worth $108,883,000 after acquiring an additional 820,465 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Zendesk by 755.0% in the third quarter. Ameriprise Financial Inc. now owns 827,334 shares of the software maker’s stock worth $24,083,000 after acquiring an additional 730,570 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on ZEN. Zacks Investment Research lowered shares of Zendesk from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. UBS Group reaffirmed a “neutral” rating and set a $38.00 price target (up previously from $37.00) on shares of Zendesk in a research note on Thursday, November 9th. Stifel Nicolaus reaffirmed a “neutral” rating on shares of Zendesk in a research note on Friday, November 3rd. Stephens downgraded shares of Zendesk from an “equal weight” rating to an “underweight” rating and set a $25.00 price target on the stock. in a research note on Monday, October 9th. Finally, Canaccord Genuity increased their price target on shares of Zendesk from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $34.13.

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About Zendesk

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.

Insider Buying and Selling by Quarter for Zendesk (NYSE:ZEN)

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