Insider Selling: Zendesk Inc (ZEN) Insider Sells 50,000 Shares of Stock

Zendesk Inc (NYSE:ZEN) insider Adrian Mcdermott sold 50,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $39.08, for a total value of $1,954,000.00. Following the sale, the insider now owns 1,614,969 shares of the company’s stock, valued at $63,112,988.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Friday, January 19th, Adrian Mcdermott sold 1,593 shares of Zendesk stock. The stock was sold at an average price of $36.27, for a total value of $57,778.11.
  • 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 value of $46,259.07.
  • On Monday, November 20th, Adrian Mcdermott sold 1,679 shares of Zendesk stock. The shares were sold at an average price of $34.39, for a total value of $57,740.81.

Shares of Zendesk Inc (NYSE ZEN) traded up $1.17 during midday trading on Monday, reaching $40.28. The company’s stock had a trading volume of 1,150,000 shares, compared to its average volume of 967,001. Zendesk Inc has a 12-month low of $24.49 and a 12-month high of $42.35. The firm has a market cap of $4,090.00, a price-to-earnings ratio of -36.29 and a beta of 1.87.

Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Zendesk had a negative return on equity of 32.88% and a negative net margin of 25.70%. The firm had revenue of $123.43 million during the quarter, compared to analyst estimates of $119.68 million. During the same quarter last year, the firm earned ($0.04) EPS. Zendesk’s quarterly revenue was up 39.3% on a year-over-year basis. research analysts anticipate that Zendesk Inc will post -1 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd acquired a new stake in Zendesk during the 4th quarter valued at approximately $541,000. Stanley Laman Group Ltd. acquired a new stake in Zendesk during the 4th quarter valued at approximately $1,003,000. American International Group Inc. grew its stake in Zendesk by 3.1% during the 4th quarter. American International Group Inc. now owns 67,169 shares of the software maker’s stock valued at $2,273,000 after purchasing an additional 1,993 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Zendesk by 8.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 66,409 shares of the software maker’s stock valued at $2,247,000 after purchasing an additional 4,912 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Zendesk by 2.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 75,648 shares of the software maker’s stock valued at $2,560,000 after purchasing an additional 1,975 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

A number of research firms have recently issued reports on ZEN. KeyCorp increased their target price on Zendesk from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Bank of America increased their target price on Zendesk from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Morgan Stanley increased their target price on Zendesk from $41.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Craig Hallum reiterated a “buy” rating and issued a $45.00 target price (up previously from $37.00) on shares of Zendesk in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus increased their target price on Zendesk from $33.00 to $38.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.31.

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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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