Insider Selling: Zendesk Inc (NYSE:ZEN) CFO Sells 5,000 Shares of Stock

Zendesk Inc (NYSE:ZEN) CFO Elena Gomez sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $76.60, for a total transaction of $383,000.00. Following the transaction, the chief financial officer now directly owns 23,295 shares of the company’s stock, valued at $1,784,397. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Elena Gomez also recently made the following trade(s):

  • On Monday, July 22nd, Elena Gomez sold 5,000 shares of Zendesk stock. The stock was sold at an average price of $91.21, for a total transaction of $456,050.00.
  • On Thursday, June 20th, Elena Gomez sold 5,000 shares of Zendesk stock. The stock was sold at an average price of $91.79, for a total transaction of $458,950.00.

ZEN traded up $0.61 during midday trading on Thursday, hitting $80.84. The company had a trading volume of 1,636,095 shares, compared to its average volume of 1,765,292. Zendesk Inc has a twelve month low of $45.60 and a twelve month high of $94.89. The firm’s 50-day simple moving average is $86.06 and its 200-day simple moving average is $84.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $8.54 billion, a PE ratio of -85.09 and a beta of 1.51.

Zendesk (NYSE:ZEN) last issued its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.28) by $0.33. Zendesk had a negative net margin of 23.70% and a negative return on equity of 27.44%. The company had revenue of $194.58 million during the quarter, compared to analysts’ expectations of $192.47 million. During the same quarter in the previous year, the company earned $0.03 EPS. Zendesk’s revenue was up 37.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Zendesk Inc will post -1.13 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Co increased their target price on shares of Zendesk from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JMP Securities increased their target price on shares of Zendesk from $82.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 1st. Zacks Investment Research cut shares of Zendesk from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Canaccord Genuity increased their target price on shares of Zendesk from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Goldman Sachs Group assumed coverage on shares of Zendesk in a research report on Friday, June 7th. They set a “buy” rating and a $105.00 target price for the company. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Zendesk currently has an average rating of “Buy” and an average price target of $97.29.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Zendesk by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 174,358 shares of the software maker’s stock worth $10,176,000 after acquiring an additional 3,721 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Zendesk by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 986,067 shares of the software maker’s stock worth $57,556,000 after acquiring an additional 61,660 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Zendesk in the first quarter worth about $90,000. Oakbrook Investments LLC bought a new position in shares of Zendesk in the first quarter worth about $238,000. Finally, CWM LLC lifted its holdings in shares of Zendesk by 90.0% in the first quarter. CWM LLC now owns 532 shares of the software maker’s stock worth $45,000 after acquiring an additional 252 shares during the last quarter. Institutional investors own 93.47% of the company’s stock.

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, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.

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

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