Zendesk, Inc. (NYSE:ZEN) Director Caryn Marooney sold 1,693 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $30.10, for a total value of $50,959.30. Following the completion of the transaction, the director now owns 53,948 shares in the company, valued at approximately $1,623,834.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Caryn Marooney also recently made the following trade(s):
- On Friday, June 30th, Caryn Marooney sold 26,970 shares of Zendesk stock. The stock was sold at an average price of $27.56, for a total value of $743,293.20.
- On Tuesday, May 30th, Caryn Marooney sold 1,693 shares of Zendesk stock. The stock was sold at an average price of $26.54, for a total value of $44,932.22.
- On Monday, May 22nd, Caryn Marooney sold 3,331 shares of Zendesk stock. The stock was sold at an average price of $24.76, for a total value of $82,475.56.
Shares of Zendesk, Inc. (NYSE:ZEN) traded down 3.38% during midday trading on Wednesday, reaching $28.00. 1,078,507 shares of the company’s stock were exchanged. The stock’s market cap is $2.77 billion. Zendesk, Inc. has a one year low of $19.77 and a one year high of $31.88. The firm has a 50 day moving average of $28.36 and a 200-day moving average of $27.22.
Zendesk (NYSE:ZEN) last issued its earnings results on Thursday, May 4th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Zendesk had a negative net margin of 30.79% and a negative return on equity of 31.90%. The company had revenue of $93.01 million for the quarter, compared to analysts’ expectations of $92.46 million. During the same quarter last year, the company posted ($0.08) earnings per share. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. On average, equities research analysts anticipate that Zendesk, Inc. will post ($0.18) earnings per share for the current year.
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ZEN has been the topic of several research analyst reports. BidaskClub downgraded Zendesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Zacks Investment Research downgraded Zendesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 13th. Guggenheim reiterated a “buy” rating and issued a $33.00 price objective on shares of Zendesk in a research note on Tuesday, April 18th. Stifel Nicolaus reiterated a “hold” rating on shares of Zendesk in a research note on Friday, July 21st. Finally, UBS AG reiterated a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Zendesk in a research note on Friday, May 5th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $33.00.
A number of large investors have recently modified their holdings of ZEN. FMR LLC boosted its stake in shares of Zendesk by 1.8% in the first quarter. FMR LLC now owns 14,551,169 shares of the software maker’s stock valued at $408,015,000 after buying an additional 250,358 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Zendesk by 4.7% in the first quarter. Vanguard Group Inc. now owns 6,643,897 shares of the software maker’s stock valued at $186,295,000 after buying an additional 296,945 shares in the last quarter. BlackRock Inc. boosted its position in shares of Zendesk by 81,570.3% in the first quarter. BlackRock Inc. now owns 5,702,221 shares of the software maker’s stock valued at $159,888,000 after buying an additional 5,695,239 shares in the last quarter. Jericho Capital Asset Management L.P. boosted its position in shares of Zendesk by 36.6% in the first quarter. Jericho Capital Asset Management L.P. now owns 2,459,840 shares of the software maker’s stock valued at $68,974,000 after buying an additional 659,466 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Zendesk by 29.0% in the first quarter. Wellington Management Group LLP now owns 2,400,304 shares of the software maker’s stock valued at $67,304,000 after buying an additional 539,513 shares in the last quarter. Institutional investors own 92.07% of the company’s stock.
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.
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