Insider Selling: Zendesk Inc (ZEN) SVP Sells 5,000 Shares of Stock

Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 5,000 shares of Zendesk stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $38.71, for a total transaction of $193,550.00. Following the transaction, the senior vice president now directly owns 17,193 shares in the company, valued at approximately $665,541.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Friday, January 12th, John Geschke sold 5,000 shares of Zendesk stock. The stock was sold at an average price of $37.15, for a total transaction of $185,750.00.
  • On Tuesday, January 16th, John Geschke sold 10,000 shares of Zendesk stock. The stock was sold at an average price of $37.27, for a total transaction of $372,700.00.
  • On Monday, January 8th, John Geschke sold 1,493 shares of Zendesk stock. The stock was sold at an average price of $35.17, for a total transaction of $52,508.81.
  • On Wednesday, January 3rd, John Geschke sold 787 shares of Zendesk stock. The stock was sold at an average price of $35.05, for a total transaction of $27,584.35.
  • On Friday, January 5th, John Geschke sold 3,507 shares of Zendesk stock. The stock was 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 stock was sold at an average price of $34.23, for a total transaction of $171,150.00.

Shares of Zendesk Inc (NYSE:ZEN) traded up $1.17 on Monday, reaching $40.28. 1,150,000 shares of the company traded hands, 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 company has a market capitalization of $4,090.00, a PE ratio of -36.29 and a beta of 1.87.

Zendesk (NYSE:ZEN) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. Zendesk had a negative net margin of 25.70% and a negative return on equity of 32.88%. The company had revenue of $123.43 million for the quarter, compared to analysts’ expectations of $119.68 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Zendesk’s quarterly revenue was up 39.3% on a year-over-year basis. sell-side analysts expect that Zendesk Inc will post -1 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in ZEN. Ameriprise Financial Inc. increased 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 purchasing an additional 730,570 shares during the last quarter. Vanguard Group Inc. increased its position in Zendesk by 10.9% in the second quarter. Vanguard Group Inc. now owns 7,365,549 shares of the software maker’s stock worth $204,615,000 after purchasing an additional 721,652 shares during the last quarter. State Street Corp increased its position in Zendesk by 22.6% in the second quarter. State Street Corp now owns 1,813,976 shares of the software maker’s stock worth $50,395,000 after purchasing an additional 334,769 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in Zendesk in the third quarter worth $9,017,000. Finally, Goldman Sachs Group Inc. increased its position in Zendesk by 81.0% during the second quarter. Goldman Sachs Group Inc. now owns 610,445 shares of the software maker’s stock valued at $16,958,000 after acquiring an additional 273,116 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Several equities analysts have recently commented on the stock. Guggenheim reissued a “buy” rating and issued a $44.00 target price on shares of Zendesk in a report on Wednesday, February 7th. Piper Jaffray Companies reissued a “buy” rating and issued a $46.00 target price on shares of Zendesk in a report on Wednesday, February 7th. Cowen boosted their target price on shares of Zendesk from $39.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Craig Hallum reissued a “buy” rating and issued a $45.00 target price (up previously from $37.00) on shares of Zendesk in a report on Wednesday, February 7th. Finally, KeyCorp boosted their target price on shares of Zendesk from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $40.31.

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Zendesk Company Profile

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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