Zendesk Inc (NYSE:ZEN) insider Adrian Mcdermott sold 446 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $87.09, for a total transaction of $38,842.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Monday, May 6th, Adrian Mcdermott sold 6,213 shares of Zendesk stock. The stock was sold at an average price of $85.11, for a total transaction of $528,788.43.
  • On Wednesday, February 20th, Adrian Mcdermott sold 2,304 shares of Zendesk stock. The stock was sold at an average price of $78.06, for a total transaction of $179,850.24.

ZEN stock opened at $85.97 on Monday. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of -90.49 and a beta of 1.64. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.54 and a quick ratio of 1.54. Zendesk Inc has a 12 month low of $45.60 and a 12 month high of $90.00.

Zendesk (NYSE:ZEN) last released its quarterly earnings data on Tuesday, April 30th. The software maker reported ($0.28) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.28). The company had revenue of $181.48 million during the quarter, compared to the consensus estimate of $179.53 million. Zendesk had a negative net margin of 22.52% and a negative return on equity of 25.37%. Zendesk’s quarterly revenue was up 39.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 EPS. On average, sell-side analysts expect that Zendesk Inc will post -1.07 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of ZEN. Flinton Capital Management LLC purchased a new stake in shares of Zendesk in the 4th quarter valued at approximately $30,000. Intercontinental Wealth Advisors LLC purchased a new stake in shares of Zendesk in the 4th quarter valued at approximately $34,000. Capital Investment Advisory Services LLC purchased a new stake in shares of Zendesk in the 1st quarter valued at approximately $34,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Zendesk in the 4th quarter valued at approximately $41,000. Finally, Sageworth Trust Co purchased a new stake in shares of Zendesk in the 1st quarter valued at approximately $42,000. 94.16% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on ZEN. Zacks Investment Research downgraded shares of Zendesk from a “buy” rating to a “hold” rating and set a $98.00 price target for the company. in a research report on Friday, May 3rd. Morgan Stanley upped their price target on shares of Zendesk from $97.00 to $102.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Stifel Nicolaus upped their price target on shares of Zendesk from $75.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. Craig Hallum reiterated a “buy” rating and issued a $110.00 price objective (up previously from $84.00) on shares of Zendesk in a report on Wednesday, May 1st. Finally, Canaccord Genuity increased their price objective on shares of Zendesk from $85.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Zendesk has a consensus rating of “Buy” and a consensus target price of $90.93.

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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, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.

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