Insider Selling: Zendesk Inc (NYSE:ZEN) CFO Sells 4,500 Shares of Stock

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Zendesk Inc (NYSE:ZEN) CFO Elena Gomez sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $64.50, for a total transaction of $290,250.00. Following the completion of the transaction, the chief financial officer now owns 22,034 shares in the company, valued at approximately $1,421,193. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Elena Gomez also recently made the following trade(s):

  • On Friday, September 20th, Elena Gomez sold 4,500 shares of Zendesk stock. The stock was sold at an average price of $77.53, for a total transaction of $348,885.00.
  • On Tuesday, August 20th, Elena Gomez sold 5,000 shares of Zendesk stock. The stock was sold at an average price of $76.60, for a total transaction of $383,000.00.

NYSE:ZEN traded down $0.14 during trading hours on Tuesday, hitting $63.73. The company had a trading volume of 3,299,404 shares, compared to its average volume of 1,811,627. The company has a market capitalization of $7.15 billion, a PE ratio of -67.08 and a beta of 1.22. The stock has a 50-day moving average price of $73.40 and a 200 day moving average price of $82.64. Zendesk Inc has a 52 week low of $45.60 and a 52 week high of $94.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.67 and a quick ratio of 0.67.

Zendesk (NYSE:ZEN) last released its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.33. The business had revenue of $194.58 million for the quarter, compared to analysts’ expectations of $192.47 million. Zendesk had a negative net margin of 23.70% and a negative return on equity of 27.44%. The firm’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 earnings per share. Analysts anticipate that Zendesk Inc will post -1.1 EPS for the current fiscal year.

Several research analysts have recently issued reports on ZEN shares. Canaccord Genuity raised their target price on shares of Zendesk from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus set a $92.00 target price on shares of Zendesk and gave the stock a “hold” rating in a report on Wednesday, July 31st. KeyCorp restated a “buy” rating and issued a $108.00 target price (up previously from $102.00) on shares of Zendesk in a report on Tuesday, July 30th. Jefferies Financial Group lifted their price target on shares of Zendesk from $102.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, UBS Group set a $98.00 price target on shares of Zendesk and gave the company a “hold” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $95.99.

Institutional investors have recently made changes to their positions in the business. Rothschild & Co Wealth Management UK Ltd purchased a new position in Zendesk during the second quarter valued at $25,000. Capital Investment Advisory Services LLC lifted its position in Zendesk by 50.0% during the second quarter. Capital Investment Advisory Services LLC now owns 600 shares of the software maker’s stock valued at $56,000 after buying an additional 200 shares during the period. Advisory Services Network LLC purchased a new position in Zendesk during the second quarter valued at $80,000. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in Zendesk during the second quarter valued at $89,000. Finally, Focused Wealth Management Inc purchased a new position in Zendesk during the second quarter valued at $127,000. 92.79% of the stock is owned by institutional investors and hedge funds.

About Zendesk

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.

See Also: Asset Allocation, Balancing Your Investments

Insider Buying and Selling by Quarter for Zendesk (NYSE:ZEN)

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