Zendesk Inc (ZEN) Insider Adrian Mcdermott Sells 1,593 Shares

Zendesk Inc (NYSE:ZEN) insider Adrian Mcdermott sold 1,593 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $36.27, for a total transaction of $57,778.11. Following the completion of the transaction, the insider now directly owns 81,081 shares in the company, valued at approximately $2,940,807.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Adrian Mcdermott also recently made the following trade(s):

  • On Wednesday, December 20th, Adrian Mcdermott sold 1,353 shares of Zendesk stock. The stock was sold at an average price of $34.19, for a total transaction of $46,259.07.
  • On Monday, November 20th, Adrian Mcdermott sold 1,679 shares of Zendesk stock. The stock was sold at an average price of $34.39, for a total transaction of $57,740.81.

Zendesk Inc (NYSE ZEN) traded up $0.17 during trading on Monday, reaching $37.24. 820,768 shares of the company were exchanged, compared to its average volume of 748,021. The stock has a market capitalization of $3,750.00, a P/E ratio of -33.85 and a beta of 1.83. Zendesk Inc has a 52 week low of $22.88 and a 52 week high of $38.83.

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

A number of hedge funds have recently bought and sold shares of ZEN. Janus Henderson Group PLC bought a new position in Zendesk during the second quarter valued at $137,975,000. BlackRock Inc. increased its position in Zendesk by 54.9% during the second quarter. BlackRock Inc. now owns 8,835,508 shares of the software maker’s stock valued at $245,450,000 after acquiring an additional 3,133,287 shares during the last quarter. Wasatch Advisors Inc. increased its position 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 acquiring an additional 820,465 shares during the last quarter. Ameriprise Financial Inc. increased its position in Zendesk by 755.0% during the third quarter. Ameriprise Financial Inc. now owns 827,334 shares of the software maker’s stock valued at $24,083,000 after acquiring an additional 730,570 shares during the last quarter. Finally, Vanguard Group Inc. increased its position 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 acquiring an additional 721,652 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Zendesk from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Sunday. Royal Bank of Canada reaffirmed a “buy” rating and set a $42.00 price target on shares of Zendesk in a research note on Wednesday, January 17th. 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. Finally, Canaccord Genuity upped their price target on shares of Zendesk from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $35.07.

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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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