Zendesk, Inc. (NYSE:ZEN) insider Adrian Mcdermott sold 1,766 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $26.42, for a total value of $46,657.72. Following the transaction, the insider now owns 80,435 shares in the company, valued at approximately $2,125,092.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Adrian Mcdermott also recently made the following trade(s):
- On Thursday, July 20th, Adrian Mcdermott sold 1,766 shares of Zendesk stock. The stock was sold at an average price of $29.11, for a total value of $51,408.26.
- On Tuesday, June 20th, Adrian Mcdermott sold 1,766 shares of Zendesk stock. The stock was sold at an average price of $27.61, for a total value of $48,759.26.
Zendesk, Inc. (ZEN) traded down 0.30% during midday trading on Friday, hitting $26.62. The stock had a trading volume of 642,744 shares. The company’s 50 day moving average price is $28.10 and its 200-day moving average price is $27.45. The stock’s market capitalization is $2.68 billion. Zendesk, Inc. has a 52 week low of $19.77 and a 52 week high of $31.88.
Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.20. Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The firm had revenue of $101.30 million for the quarter, compared to analyst estimates of $99.47 million. During the same period last year, the company posted ($0.06) earnings per share. The firm’s quarterly revenue was up 36.5% compared to the same quarter last year. Equities analysts anticipate that Zendesk, Inc. will post ($0.17) earnings per share for the current fiscal year.
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A number of brokerages have issued reports on ZEN. BidaskClub cut Zendesk from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research lowered Zendesk from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Piper Jaffray Companies set a $33.00 price target on Zendesk and gave the stock a “buy” rating in a research report on Saturday, August 5th. KeyCorp reaffirmed a “buy” rating and set a $35.00 price target on shares of Zendesk in a research report on Friday, August 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Zendesk in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Zendesk has an average rating of “Buy” and an average price target of $33.00.
Several hedge funds have recently modified their holdings of ZEN. Goldman Sachs Group Inc. increased its stake in shares of Zendesk by 28.7% in the first quarter. Goldman Sachs Group Inc. now owns 337,329 shares of the software maker’s stock valued at $9,458,000 after buying an additional 75,286 shares during the period. Morgan Stanley increased its stake in shares of Zendesk by 3.1% in the first quarter. Morgan Stanley now owns 1,141,934 shares of the software maker’s stock valued at $32,020,000 after buying an additional 34,621 shares during the period. Legato Capital Management LLC bought a new stake in shares of Zendesk during the second quarter valued at approximately $492,000. Kornitzer Capital Management Inc. KS increased its stake in shares of Zendesk by 0.8% in the first quarter. Kornitzer Capital Management Inc. KS now owns 307,835 shares of the software maker’s stock valued at $8,632,000 after buying an additional 2,380 shares during the period. Finally, State Street Corp increased its stake in shares of Zendesk by 3.5% in the first quarter. State Street Corp now owns 1,479,207 shares of the software maker’s stock valued at $41,475,000 after buying an additional 49,804 shares during the period. 92.62% of the stock is owned by hedge funds and other institutional investors.
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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