Zendesk Inc (ZEN) Director Sells $790,200.00 in Stock

Zendesk Inc (NYSE:ZEN) Director Elizabeth A. Nelson sold 20,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $39.51, for a total value of $790,200.00. Following the transaction, the director now directly owns 63,833 shares in the company, valued at $2,522,041.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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. The stock has a market capitalization of $4,180.00, a price-to-earnings ratio of -37.10 and a beta of 1.87. Zendesk Inc has a 12-month low of $24.49 and a 12-month high of $42.35.

Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported ($0.01) EPS for the quarter, beating 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 analyst estimates of $119.68 million. During the same period in the prior year, the company earned ($0.04) earnings per share. The firm’s revenue was up 39.3% on a year-over-year basis. equities research analysts anticipate that Zendesk Inc will post -1 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. purchased a new stake in Zendesk in the third quarter valued at $9,017,000. New York State Common Retirement Fund boosted its holdings in Zendesk by 9.1% in the third quarter. New York State Common Retirement Fund now owns 113,308 shares of the software maker’s stock valued at $3,298,000 after purchasing an additional 9,408 shares during the last quarter. Legal & General Group Plc boosted its holdings in Zendesk by 12.5% in the third quarter. Legal & General Group Plc now owns 40,365 shares of the software maker’s stock valued at $1,170,000 after purchasing an additional 4,488 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Zendesk by 15.9% in the third quarter. Bank of New York Mellon Corp now owns 604,805 shares of the software maker’s stock valued at $17,605,000 after purchasing an additional 82,956 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Zendesk by 54.2% in the second quarter. Public Employees Retirement System of Ohio now owns 110,492 shares of the software maker’s stock valued at $3,069,000 after purchasing an additional 38,859 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on ZEN. Piper Jaffray Companies reaffirmed a “buy” rating and set a $46.00 price target on shares of Zendesk in a research report on Wednesday, February 7th. Guggenheim reissued a “buy” rating and set a $44.00 price objective on shares of Zendesk in a report on Wednesday, February 7th. Cowen boosted their price objective on shares of Zendesk from $39.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Morgan Stanley boosted their price objective on shares of Zendesk from $41.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Finally, Bank of America boosted their price objective on shares of Zendesk from $38.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Zendesk currently has a consensus rating of “Buy” and a consensus price target 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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