Zendesk Inc (ZEN) SVP John Geschke Sells 7,000 Shares

Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 10th. The shares were sold at an average price of $62.88, for a total value of $440,160.00. Following the completion of the sale, the senior vice president now directly owns 26,618 shares of the company’s stock, valued at $1,673,739.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Wednesday, December 12th, John Geschke sold 7,000 shares of Zendesk stock. The shares were sold at an average price of $61.37, for a total value of $429,590.00.
  • On Tuesday, November 13th, John Geschke sold 7,000 shares of Zendesk stock. The stock was sold at an average price of $52.98, for a total value of $370,860.00.
  • On Monday, October 15th, John Geschke sold 5,000 shares of Zendesk stock. The stock was sold at an average price of $60.64, for a total value of $303,200.00.

Shares of NYSE ZEN traded down $0.51 during trading on Friday, reaching $62.45. The company had a trading volume of 744,000 shares, compared to its average volume of 1,523,537. Zendesk Inc has a twelve month low of $35.85 and a twelve month high of $72.76. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of -60.63 and a beta of 1.61. The company has a quick ratio of 1.79, a current ratio of 1.78 and a debt-to-equity ratio of 1.12.

Zendesk (NYSE:ZEN) last released its quarterly earnings results on Tuesday, October 30th. The software maker reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.05. Zendesk had a negative return on equity of 26.15% and a negative net margin of 22.64%. The company had revenue of $154.83 million during the quarter, compared to analysts’ expectations of $151.78 million. During the same period in the previous year, the firm posted ($0.02) earnings per share. The business’s revenue for the quarter was up 37.9% compared to the same quarter last year. As a group, analysts anticipate that Zendesk Inc will post -0.92 EPS for the current year.

Several equities analysts recently issued reports on the company. Deutsche Bank assumed coverage on Zendesk in a report on Monday, October 8th. They set a “buy” rating and a $85.00 price objective for the company. Zacks Investment Research raised Zendesk from a “sell” rating to a “hold” rating in a report on Saturday, November 3rd. Morgan Stanley reduced their price objective on Zendesk from $84.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, October 23rd. Jefferies Financial Group assumed coverage on Zendesk in a report on Monday, October 1st. They set a “buy” rating and a $82.00 price objective for the company. Finally, Wedbush assumed coverage on Zendesk in a report on Thursday, December 6th. They set an “outperform” rating and a $71.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $67.37.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale raised its holdings in shares of Zendesk by 79.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,086 shares of the software maker’s stock worth $145,000 after acquiring an additional 926 shares during the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of Zendesk by 7,000.0% in the third quarter. Rehmann Capital Advisory Group now owns 10,650 shares of the software maker’s stock worth $150,000 after acquiring an additional 10,500 shares during the last quarter. Harvest Fund Management Co. Ltd grew its position in shares of Zendesk by 211.8% in the third quarter. Harvest Fund Management Co. Ltd now owns 2,242 shares of the software maker’s stock valued at $159,000 after purchasing an additional 1,523 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Zendesk in the second quarter valued at $180,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Zendesk in the second quarter valued at $193,000. 92.85% of the stock is owned by institutional investors.

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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.

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