Insider Selling: Zendesk Inc (NYSE:ZEN) SVP Sells 1,493 Shares of Stock

Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 1,493 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $35.17, for a total transaction of $52,508.81. Following the sale, the senior vice president now directly owns 13,288 shares in the company, valued at approximately $467,338.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

John Geschke also recently made the following trade(s):

  • On Friday, January 12th, John Geschke sold 5,000 shares of Zendesk stock. The stock was sold at an average price of $37.15, for a total transaction of $185,750.00.
  • On Tuesday, January 16th, John Geschke sold 10,000 shares of Zendesk stock. The stock was sold at an average price of $37.27, for a total transaction of $372,700.00.
  • On Wednesday, January 3rd, John Geschke sold 787 shares of Zendesk stock. The shares were sold at an average price of $35.05, for a total transaction of $27,584.35.
  • On Friday, January 5th, John Geschke sold 3,507 shares of Zendesk stock. The shares were sold at an average price of $35.04, for a total transaction of $122,885.28.
  • On Wednesday, December 13th, John Geschke sold 5,000 shares of Zendesk stock. The shares were sold at an average price of $34.23, for a total transaction of $171,150.00.
  • On Monday, November 13th, John Geschke sold 9,727 shares of Zendesk stock. The shares were sold at an average price of $35.09, for a total transaction of $341,320.43.
  • On Wednesday, November 8th, John Geschke sold 4,800 shares of Zendesk stock. The shares were sold at an average price of $35.46, for a total transaction of $170,208.00.
  • On Thursday, November 2nd, John Geschke sold 30,200 shares of Zendesk stock. The shares were sold at an average price of $34.36, for a total transaction of $1,037,672.00.

Shares of Zendesk Inc (NYSE:ZEN) opened at $36.38 on Friday. The stock has a market cap of $3,690.00, a PE ratio of -33.07 and a beta of 1.83. Zendesk Inc has a twelve month low of $22.88 and a twelve month high of $38.83.

Zendesk (NYSE:ZEN) last released its earnings results on Wednesday, November 1st. The software maker reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $112.79 million during the quarter, compared to analyst estimates of $109.19 million. Zendesk had a negative net margin of 27.43% and a negative return on equity of 32.50%. The business’s revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.04) EPS. equities analysts forecast that Zendesk Inc will post -1.03 earnings per share for the current year.

ZEN has been the subject of a number of research reports. Stephens cut shares of Zendesk from an “equal weight” rating to an “underweight” rating and set a $25.00 target price for the company. in a report on Monday, October 9th. Morgan Stanley increased their price objective on shares of Zendesk from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, October 23rd. Zacks Investment Research raised shares of Zendesk from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Thursday, October 5th. Wells Fargo & Co reissued an “outperform” rating and issued a $40.00 price objective (up from $32.00) on shares of Zendesk in a research note on Thursday, November 2nd. Finally, KeyCorp reissued a “buy” rating and issued a $35.00 price objective on shares of Zendesk in a research note on Sunday, October 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Zendesk presently has an average rating of “Buy” and a consensus price target of $34.86.

A number of hedge funds have recently bought and sold shares of ZEN. Schwab Charles Investment Management Inc. increased its stake in Zendesk by 13.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 373,968 shares of the software maker’s stock worth $10,389,000 after buying an additional 42,929 shares during the period. First Trust Advisors LP purchased a new position in Zendesk in the 2nd quarter worth about $1,059,000. Bank of New York Mellon Corp increased its stake in Zendesk by 26.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 521,849 shares of the software maker’s stock worth $14,496,000 after buying an additional 108,181 shares during the period. Legal & General Group Plc increased its stake in Zendesk by 24.7% in the 2nd quarter. Legal & General Group Plc now owns 35,877 shares of the software maker’s stock worth $995,000 after buying an additional 7,105 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Zendesk by 622.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,201 shares of the software maker’s stock worth $339,000 after buying an additional 10,511 shares during the period. 95.67% of the stock is currently owned by institutional investors.

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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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