Zendesk, Inc. (ZEN) CFO Elena Gomez Sells 1,200 Shares
Zendesk, Inc. (NYSE:ZEN) CFO Elena Gomez sold 1,200 shares of Zendesk stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $28.87, for a total value of $34,644.00. Following the completion of the sale, the chief financial officer now owns 3,620 shares in the company, valued at approximately $104,509.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Elena Gomez also recently made the following trade(s):
- On Tuesday, August 15th, Elena Gomez sold 1,431 shares of Zendesk stock. The shares were sold at an average price of $27.06, for a total value of $38,722.86.
Shares of Zendesk, Inc. (ZEN) traded down 0.60% during midday trading on Friday, hitting $28.06. The stock had a trading volume of 654,410 shares. The stock’s market cap is $2.82 billion. The stock has a 50-day moving average price of $27.66 and a 200-day moving average price of $27.66. Zendesk, Inc. has a 12-month low of $19.77 and a 12-month high of $31.36.
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). The firm had revenue of $101.30 million during the quarter, compared to analysts’ expectations of $99.47 million. Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The company’s quarterly revenue was up 36.5% compared to the same quarter last year. During the same period last year, the business posted ($0.06) earnings per share. Equities analysts forecast that Zendesk, Inc. will post ($0.17) earnings per share for the current year.
ZEN has been the topic of a number of research analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $33.00 target price on shares of Zendesk in a research report on Tuesday, September 12th. KeyCorp restated a “buy” rating and issued a $35.00 target price on shares of Zendesk in a research report on Friday, August 25th. BidaskClub downgraded Zendesk from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Stifel Nicolaus restated a “hold” rating on shares of Zendesk in a research report on Friday, July 21st. Finally, Zacks Investment Research upgraded Zendesk from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $33.09.
Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC raised its position in shares of Zendesk by 2.0% in the 2nd quarter. FMR LLC now owns 14,844,224 shares of the software maker’s stock worth $412,372,000 after buying an additional 293,055 shares during the period. BlackRock Inc. raised its position in shares of Zendesk by 54.9% in the 2nd quarter. BlackRock Inc. now owns 8,835,508 shares of the software maker’s stock worth $245,450,000 after buying an additional 3,133,287 shares during the period. Vanguard Group Inc. raised its position in shares of Zendesk by 10.9% in the 2nd quarter. Vanguard Group Inc. now owns 7,365,549 shares of the software maker’s stock worth $204,615,000 after buying an additional 721,652 shares during the period. Franklin Resources Inc. raised its position in shares of Zendesk by 1.6% in the 2nd quarter. Franklin Resources Inc. now owns 5,119,444 shares of the software maker’s stock worth $142,213,000 after buying an additional 79,039 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in shares of Zendesk in the 2nd quarter worth $137,975,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.
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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