Zendesk, Inc. (NYSE:ZEN) SVP John Geschke sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $29.02, for a total value of $145,100.00. Following the sale, the senior vice president now owns 15,202 shares in the company, valued at approximately $441,162.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
John Geschke also recently made the following trade(s):
- On Friday, June 23rd, John Geschke sold 10,000 shares of Zendesk stock. The stock was sold at an average price of $29.34, for a total value of $293,400.00.
- On Thursday, May 4th, John Geschke sold 8,334 shares of Zendesk stock. The stock was sold at an average price of $30.06, for a total value of $250,520.04.
Zendesk, Inc. (ZEN) traded up 1.58% during mid-day trading on Monday, reaching $29.62. 127,938 shares of the company’s stock traded hands. The company has a 50-day moving average of $27.72 and a 200-day moving average of $26.80. Zendesk, Inc. has a 52-week low of $19.77 and a 52-week high of $31.88. The company’s market capitalization is $2.93 billion.
Zendesk (NYSE:ZEN) last released its earnings results on Thursday, May 4th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Zendesk had a negative net margin of 30.79% and a negative return on equity of 31.90%. The company had revenue of $93.01 million during the quarter, compared to the consensus estimate of $92.46 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The company’s revenue was up 35.9% compared to the same quarter last year. Equities research analysts expect that Zendesk, Inc. will post ($0.18) EPS for the current year.
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ZEN has been the subject of several research reports. UBS AG reiterated a “buy” rating and set a $38.00 price objective (up from $36.00) on shares of Zendesk in a research note on Friday, May 5th. Stifel Nicolaus restated a “hold” rating on shares of Zendesk in a research note on Friday. William Blair restated an “outperform” rating on shares of Zendesk in a research note on Monday, April 3rd. Zacks Investment Research upgraded Zendesk from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, BidaskClub cut Zendesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $33.00.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. bought a new stake in Zendesk during the first quarter valued at about $103,000. Independent Portfolio Consultants Inc. acquired a new position in Zendesk during the second quarter worth approximately $153,000. Ameritas Investment Partners Inc. acquired a new position in Zendesk during the first quarter worth approximately $197,000. Gotham Asset Management LLC acquired a new position in Zendesk during the first quarter worth approximately $211,000. Finally, Parallel Advisors LLC increased its position in Zendesk by 5.3% in the first quarter. Parallel Advisors LLC now owns 7,975 shares of the software maker’s stock worth $233,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 92.12% of the company’s stock.
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.
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