John Geschke Sells 10,000 Shares of Zendesk Inc. (ZEN) Stock
Zendesk Inc. (NYSE:ZEN) SVP John Geschke sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $29.87, for a total transaction of $298,700.00. Following the transaction, the senior vice president now owns 11,380 shares in the company, valued at $339,920.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
John Geschke also recently made the following trade(s):
- On Tuesday, September 13th, John Geschke sold 10,000 shares of Zendesk stock. The stock was sold at an average price of $29.50, for a total transaction of $295,000.00.
- On Friday, August 19th, John Geschke sold 5,000 shares of Zendesk stock. The stock was sold at an average price of $30.29, for a total transaction of $151,450.00.
Shares of Zendesk Inc. (NYSE:ZEN) opened at 27.58 on Friday. The firm has a 50-day moving average of $30.23 and a 200-day moving average of $26.91. Zendesk Inc. has a 12-month low of $14.39 and a 12-month high of $31.88. The company’s market cap is $2.59 billion.
Zendesk (NYSE:ZEN) last released its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $74.20 million for the quarter, compared to analyst estimates of $72.34 million. During the same period last year, the firm earned ($0.08) earnings per share. The business’s quarterly revenue was up 53.9% compared to the same quarter last year. Analysts predict that Zendesk Inc. will post ($0.04) EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in Zendesk by 348.6% in the first quarter. Wellington Management Group LLP now owns 4,370,342 shares of the company’s stock worth $91,471,000 after buying an additional 3,396,128 shares during the period. Hunt Lane Capital LP raised its position in Zendesk by 1,046.8% in the first quarter. Hunt Lane Capital LP now owns 1,422,000 shares of the company’s stock worth $29,762,000 after buying an additional 1,298,000 shares during the last quarter. Franklin Resources Inc. raised its position in Zendesk by 48.9% in the first quarter. Franklin Resources Inc. now owns 3,881,877 shares of the company’s stock worth $81,248,000 after buying an additional 1,275,008 shares during the last quarter. 1832 Asset Management L.P. purchased a new position in Zendesk during the second quarter worth $38,715,000. Finally, Lord Abbett & CO. LLC raised its position in Zendesk by 75.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,534,612 shares of the company’s stock worth $40,483,000 after buying an additional 660,662 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.
ZEN has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Zendesk from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Thursday, July 7th. Morgan Stanley restated a “buy” rating on shares of Zendesk in a research note on Sunday, July 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $33.00 price target on shares of Zendesk in a research note on Wednesday, September 28th. RBC Capital Markets reiterated an “outperform” rating and issued a $33.00 price target (up previously from $27.00) on shares of Zendesk in a research note on Wednesday, July 27th. Finally, Summit Redstone initiated coverage on shares of Zendesk in a research note on Monday, July 18th. They issued a “buy” rating and a $34.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $32.73.
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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