Zendesk, Inc. (NYSE:ZEN) Chairman Mikkel Svane sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $34.31, for a total value of $1,715,500.00. Following the completion of the transaction, the chairman now directly owns 1,734,891 shares of the company’s stock, valued at approximately $59,524,110.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Zendesk, Inc. (NYSE:ZEN) opened at $34.43 on Friday. Zendesk, Inc. has a 52 week low of $19.77 and a 52 week high of $35.89.
Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Wednesday, November 1st. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The company had revenue of $112.79 million during the quarter, compared to the consensus estimate of $109.19 million. Zendesk had a negative return on equity of 32.50% and a negative net margin of 27.43%. The firm’s revenue was up 39.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. equities analysts expect that Zendesk, Inc. will post -1.03 EPS for the current year.
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Several large investors have recently made changes to their positions in ZEN. Principal Financial Group Inc. grew its stake in shares of Zendesk by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 11,605 shares of the software maker’s stock valued at $325,000 after acquiring an additional 283 shares during the period. Teachers Advisors LLC grew its stake in shares of Zendesk by 6.5% during the 1st quarter. Teachers Advisors LLC now owns 141,368 shares of the software maker’s stock valued at $3,964,000 after acquiring an additional 8,644 shares during the period. Legal & General Group Plc grew its stake in shares of Zendesk by 7.5% during the 1st quarter. Legal & General Group Plc now owns 28,772 shares of the software maker’s stock valued at $802,000 after acquiring an additional 2,014 shares during the period. Geode Capital Management LLC grew its stake in shares of Zendesk by 12.0% during the 1st quarter. Geode Capital Management LLC now owns 583,497 shares of the software maker’s stock valued at $16,361,000 after acquiring an additional 62,469 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Zendesk by 81,570.3% during the 1st quarter. BlackRock Inc. now owns 5,702,221 shares of the software maker’s stock valued at $159,888,000 after acquiring an additional 5,695,239 shares during the period. Institutional investors own 95.49% of the company’s stock.
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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