Zendesk (ZEN) SVP Jeffrey J. Titterton Sells 3,541 Shares

Zendesk (NYSE:ZEN) SVP Jeffrey J. Titterton sold 3,541 shares of the firm’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $55.07, for a total value of $195,002.87. Following the sale, the senior vice president now directly owns 8,152 shares in the company, valued at approximately $448,930.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Zendesk opened at $55.77 on Tuesday, Marketbeat.com reports. The company has a market cap of $5.89 billion, a P/E ratio of -54.15 and a beta of 1.51. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 1.10. Zendesk has a 52-week low of $24.49 and a 52-week high of $57.31.

Zendesk (NYSE:ZEN) last released its quarterly earnings results on Tuesday, May 1st. The software maker reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.05. The firm had revenue of $129.79 million for the quarter, compared to the consensus estimate of $126.76 million. Zendesk had a negative return on equity of 30.37% and a negative net margin of 24.18%. research analysts expect that Zendesk will post -0.97 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC purchased a new position in shares of Zendesk in the 4th quarter valued at approximately $132,000. Pendal Group Ltd purchased a new position in shares of Zendesk in the 1st quarter valued at approximately $188,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Zendesk by 47.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock valued at $194,000 after purchasing an additional 1,836 shares during the last quarter. First Mercantile Trust Co. purchased a new position in shares of Zendesk in the 4th quarter valued at approximately $210,000. Finally, Aperio Group LLC purchased a new position in shares of Zendesk in the 1st quarter valued at approximately $215,000. Institutional investors own 94.89% of the company’s stock.

ZEN has been the topic of several research analyst reports. Piper Jaffray Companies reissued a “buy” rating and set a $42.00 target price on shares of Zendesk in a research report on Tuesday, January 23rd. Zacks Investment Research reissued a “hold” rating on shares of Zendesk in a research report on Saturday, January 27th. Stephens raised Zendesk from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, February 7th. Craig Hallum reissued a “buy” rating and set a $45.00 target price (up previously from $37.00) on shares of Zendesk in a research report on Wednesday, February 7th. Finally, Stifel Nicolaus raised their target price on Zendesk from $33.00 to $38.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.13.

Zendesk Company Profile

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, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.

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

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