Zendesk Inc (NYSE:ZEN) insider Adrian Mcdermott sold 1,810 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $54.54, for a total transaction of $98,717.40. Following the completion of the transaction, the insider now owns 80,267 shares of the company’s stock, valued at $4,377,762.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, October 17th, Adrian Mcdermott sold 1,809 shares of Zendesk stock. The shares were sold at an average price of $63.70, for a total transaction of $115,233.30.
  • 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.

NYSE ZEN traded up $2.43 during trading hours on Wednesday, reaching $51.80. 2,136,320 shares of the company traded hands, compared to its average volume of 1,470,355. Zendesk Inc has a 12 month low of $31.90 and a 12 month high of $72.76. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.78 and a quick ratio of 1.79. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of -50.29 and a beta of 1.84.

Zendesk (NYSE:ZEN) last issued its earnings results on Tuesday, October 30th. The software maker reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.05. The company had revenue of $154.83 million for the quarter, compared to analysts’ expectations of $151.78 million. Zendesk had a negative net margin of 22.64% and a negative return on equity of 26.15%. The firm’s revenue was up 37.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) earnings per share. As a group, analysts anticipate that Zendesk Inc will post -0.92 EPS for the current year.

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Zendesk from $60.00 to $68.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. Jefferies Financial Group started coverage on shares of Zendesk in a research note on Monday, October 1st. They set a “buy” rating and a $82.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Zendesk from $72.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, September 18th. Deutsche Bank started coverage on shares of Zendesk in a research note on Monday, October 8th. They set a “buy” rating and a $85.00 price objective on the stock. Finally, Evercore ISI reiterated a “buy” rating and set a $70.00 price objective on shares of Zendesk in a research note on Sunday, August 5th. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Zendesk has a consensus rating of “Buy” and a consensus price target of $65.83.

Several large investors have recently modified their holdings of ZEN. Dimensional Fund Advisors LP acquired a new stake in shares of Zendesk during the first quarter worth $5,235,000. Principal Financial Group Inc. raised its holdings in shares of Zendesk by 40.6% during the first quarter. Principal Financial Group Inc. now owns 16,259 shares of the software maker’s stock worth $779,000 after purchasing an additional 4,692 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Zendesk during the second quarter worth $680,000. Pendal Group Ltd raised its holdings in shares of Zendesk by 24.0% during the second quarter. Pendal Group Ltd now owns 4,873 shares of the software maker’s stock worth $266,000 after purchasing an additional 943 shares during the period. Finally, Amalgamated Bank raised its holdings in shares of Zendesk by 80.1% during the second quarter. Amalgamated Bank now owns 24,016 shares of the software maker’s stock worth $1,309,000 after purchasing an additional 10,683 shares during the period. 91.59% of the stock is currently owned by institutional investors.

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About Zendesk

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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