Zendesk Inc (NYSE:ZEN) insider Adrian Mcdermott sold 1,809 shares of the business’s stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of $63.70, for a total transaction of $115,233.30. Following the sale, the insider now owns 80,267 shares of the company’s stock, valued at approximately $5,113,007.90. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Adrian Mcdermott also recently made the following trade(s):

  • On Wednesday, September 19th, Adrian Mcdermott sold 1,809 shares of Zendesk stock. The shares were sold at an average price of $68.46, for a total transaction of $123,844.14.
  • On Friday, August 17th, Adrian Mcdermott sold 1,811 shares of Zendesk stock. The shares were sold at an average price of $62.10, for a total transaction of $112,463.10.

ZEN traded down $3.88 during mid-day trading on Friday, reaching $57.82. 1,697,000 shares of the stock were exchanged, compared to its average volume of 1,335,184. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.74 and a quick ratio of 2.74. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of -60.89 and a beta of 1.61. Zendesk Inc has a 1 year low of $29.57 and a 1 year high of $72.76.

Zendesk (NYSE:ZEN) last posted its quarterly earnings data on Tuesday, July 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.29. The firm had revenue of $141.88 million for the quarter, compared to the consensus estimate of $137.96 million. Zendesk had a negative net margin of 23.24% and a negative return on equity of 28.60%. As a group, equities analysts anticipate that Zendesk Inc will post -0.95 EPS for the current year.

ZEN has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on shares of Zendesk in a research note on Monday, October 1st. They set a “buy” rating and a $82.00 price target for the company. Morgan Stanley boosted their price target on shares of Zendesk from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, June 27th. Bank of America boosted their price target on shares of Zendesk from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, July 23rd. Deutsche Bank initiated coverage on shares of Zendesk in a research note on Monday, October 8th. They set a “buy” rating and a $85.00 price target for the company. Finally, Stifel Nicolaus boosted their price target on shares of Zendesk from $50.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $65.00.

A number of institutional investors and hedge funds have recently bought and sold shares of ZEN. California Public Employees Retirement System boosted its holdings in Zendesk by 21.8% during the 1st quarter. California Public Employees Retirement System now owns 161,757 shares of the software maker’s stock worth $7,743,000 after acquiring an additional 28,942 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in Zendesk during the 1st quarter worth $5,235,000. Sei Investments Co. boosted its holdings in Zendesk by 46.9% during the 1st quarter. Sei Investments Co. now owns 28,857 shares of the software maker’s stock worth $1,382,000 after acquiring an additional 9,209 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Zendesk by 40.6% during the 1st quarter. Principal Financial Group Inc. now owns 16,259 shares of the software maker’s stock worth $779,000 after acquiring an additional 4,692 shares during the last quarter. Finally, A.R.T. Advisors LLC purchased a new position in Zendesk during the 1st quarter worth $564,000. 92.20% of the stock is currently owned by hedge funds and other institutional investors.

Zendesk Company Profile

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.

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Insider Buying and Selling by Quarter for Zendesk (NYSE:ZEN)

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