Zendesk Inc (NYSE:ZEN) Director Elizabeth A. Nelson sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $39.00, for a total transaction of $390,000.00. Following the completion of the transaction, the director now directly owns 63,833 shares of the company’s stock, valued at approximately $2,489,487. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Zendesk Inc (ZEN) traded up $0.90 on Tuesday, hitting $41.18. 847,887 shares of the stock were exchanged, compared to its average volume of 992,487. Zendesk Inc has a fifty-two week low of $24.49 and a fifty-two week high of $42.35. The firm has a market cap of $4,180.00, a price-to-earnings ratio of -37.10 and a beta of 1.87.
Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported ($0.01) earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $123.43 million for the quarter, compared to analyst estimates of $119.68 million. During the same period last year, the business earned ($0.04) EPS. The company’s revenue was up 39.3% on a year-over-year basis. analysts anticipate that Zendesk Inc will post -1 earnings per share for the current fiscal year.
ZEN has been the subject of several recent research reports. Morgan Stanley raised their price target on shares of Zendesk from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, October 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $42.00 price target on shares of Zendesk in a research report on Wednesday, January 17th. Zacks Investment Research cut shares of Zendesk from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Wells Fargo & Co reissued an “outperform” rating and issued a $40.00 price target (up previously from $32.00) on shares of Zendesk in a research report on Thursday, November 2nd. Finally, UBS Group reissued a “neutral” rating and issued a $38.00 price target (up previously from $37.00) on shares of Zendesk in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $40.31.
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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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