Gilder Gagnon Howe & Co. LLC Purchases 109,637 Shares of Zendesk, Inc. (ZEN)
Gilder Gagnon Howe & Co. LLC boosted its position in Zendesk, Inc. (NYSE:ZEN) by 47.6% during the second quarter, Holdings Channel reports. The institutional investor owned 340,209 shares of the software maker’s stock after buying an additional 109,637 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Zendesk were worth $9,451,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Zendesk by 23.1% in the first quarter. Bank of New York Mellon Corp now owns 413,668 shares of the software maker’s stock worth $11,599,000 after buying an additional 77,762 shares in the last quarter. Capital Fund Management S.A. purchased a new position in shares of Zendesk during the first quarter worth approximately $2,622,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Zendesk during the first quarter worth approximately $386,000. Trillium Asset Management LLC increased its position in shares of Zendesk by 1.6% in the first quarter. Trillium Asset Management LLC now owns 52,838 shares of the software maker’s stock worth $1,482,000 after buying an additional 831 shares in the last quarter. Finally, ING Groep NV purchased a new position in shares of Zendesk during the first quarter worth approximately $707,000. Institutional investors and hedge funds own 92.69% of the company’s stock.
Shares of Zendesk, Inc. (NYSE:ZEN) opened at 25.94 on Wednesday. The stock’s 50 day moving average price is $28.51 and its 200-day moving average price is $27.25. The stock’s market cap is $2.57 billion. Zendesk, Inc. has a 52 week low of $19.77 and a 52 week high of $31.88.
Zendesk (NYSE:ZEN) last issued its earnings results on Thursday, August 3rd. The software maker reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.06) by $0.20. Zendesk had a negative return on equity of 32.28% and a negative net margin of 29.34%. The business had revenue of $101.30 million for the quarter, compared to analyst estimates of $99.47 million. During the same period last year, the business posted ($0.06) EPS. Zendesk’s revenue was up 36.5% on a year-over-year basis. Equities analysts anticipate that Zendesk, Inc. will post ($0.17) earnings per share for the current fiscal year.
A number of equities analysts have commented on the stock. Stifel Nicolaus reiterated a “hold” rating on shares of Zendesk in a report on Friday, July 21st. Piper Jaffray Companies set a $33.00 target price on shares of Zendesk and gave the stock a “buy” rating in a report on Saturday. Zacks Investment Research downgraded shares of Zendesk from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Guggenheim reiterated a “buy” rating and issued a $33.00 target price on shares of Zendesk in a report on Tuesday, April 18th. Finally, KeyCorp reiterated a “buy” rating and issued a $35.00 target price on shares of Zendesk in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $33.00.
In other news, Director Caryn Marooney sold 1,693 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $26.54, for a total transaction of $44,932.22. Following the sale, the director now owns 44,243 shares of the company’s stock, valued at approximately $1,174,209.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elena Gomez sold 1,780 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $27.17, for a total value of $48,362.60. The disclosure for this sale can be found here. Insiders have sold a total of 88,834 shares of company stock worth $2,403,844 in the last three months. Corporate insiders own 5.30% 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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