Insider Selling: Zendesk Inc. (ZEN) SVP Sells $295,000.00 in Stock
Zendesk Inc. (NYSE:ZEN) SVP John Geschke sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $29.50, for a total transaction of $295,000.00. Following the completion of the sale, the senior vice president now directly owns 11,175 shares in the company, valued at approximately $329,662.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
John Geschke also recently made the following trade(s):
- On Friday, August 19th, John Geschke sold 5,000 shares of Zendesk stock. The shares were sold at an average price of $30.29, for a total transaction of $151,450.00.
Shares of Zendesk Inc. (NYSE:ZEN) opened at 29.75 on Wednesday. The company’s 50-day moving average is $30.35 and its 200-day moving average is $25.83. Zendesk Inc. has a 12-month low of $14.39 and a 12-month high of $31.88. The firm’s market capitalization is $2.79 billion.
Zendesk (NYSE:ZEN) last announced its earnings results on Tuesday, August 2nd. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. Zendesk had a negative net margin of 37.10% and a negative return on equity of 30.61%. The company earned $74.20 million during the quarter, compared to analysts’ expectations of $72.34 million. During the same period last year, the company posted ($0.08) earnings per share. The business’s revenue for the quarter was up 53.9% on a year-over-year basis. On average, equities analysts forecast that Zendesk Inc. will post ($0.04) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Zendesk by 100.5% in the second quarter. BlackRock Inc. now owns 7,675 shares of the company’s stock valued at $202,000 after buying an additional 3,847 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Zendesk during the second quarter valued at approximately $232,000. AQR Capital Management LLC purchased a new position in shares of Zendesk during the second quarter valued at approximately $242,000. ProShare Advisors LLC purchased a new position in shares of Zendesk during the second quarter valued at approximately $262,000. Finally, Amalgamated Bank purchased a new position in shares of Zendesk during the second quarter valued at approximately $264,000. Institutional investors own 83.66% of the company’s stock.
Several brokerages recently issued reports on ZEN. Morgan Stanley reissued a “buy” rating on shares of Zendesk in a research note on Sunday, July 17th. Zacks Investment Research downgraded shares of Zendesk from a “buy” rating to a “hold” rating in a research note on Tuesday. Summit Redstone began coverage on shares of Zendesk in a research note on Monday, July 18th. They set a “buy” rating and a $34.00 price objective on the stock. Piper Jaffray Cos. reissued an “overweight” rating and set a $35.00 price objective on shares of Zendesk in a research note on Wednesday, August 3rd. Finally, Stifel Nicolaus began coverage on shares of Zendesk in a research note on Monday, July 18th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Zendesk currently has an average rating of “Buy” and an average target price of $32.13.
Zendesk, Inc is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company also provides SaaS live chat software that can be utilized independently to facilitate communications between organizations and their customers.
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