Zendesk Inc (NYSE:ZEN) SVP Norman Gennaro sold 752 shares of the stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $88.42, for a total value of $66,491.84. Following the transaction, the senior vice president now directly owns 14,000 shares of the company’s stock, valued at $1,237,880. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Norman Gennaro also recently made the following trade(s):

  • On Friday, May 17th, Norman Gennaro sold 753 shares of Zendesk stock. The shares were sold at an average price of $88.16, for a total value of $66,384.48.
  • On Wednesday, April 17th, Norman Gennaro sold 753 shares of Zendesk stock. The shares were sold at an average price of $82.01, for a total value of $61,753.53.

NYSE:ZEN opened at $92.55 on Monday. The company has a market capitalization of $10.14 billion, a PE ratio of -97.42 and a beta of 1.59. Zendesk Inc has a 1 year low of $45.60 and a 1 year high of $93.72. 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 (NYSE:ZEN) last posted its quarterly earnings data on Tuesday, April 30th. The software maker reported ($0.28) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.28). The business had revenue of $181.48 million during the quarter, compared to analyst estimates of $179.53 million. Zendesk had a negative return on equity of 25.37% and a negative net margin of 22.52%. The company’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same period last year, the company earned $0.02 EPS. Research analysts expect that Zendesk Inc will post -1.07 EPS for the current fiscal year.

ZEN has been the subject of a number of research reports. Wells Fargo & Co increased their price target on Zendesk from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Zacks Investment Research raised Zendesk from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Saturday, April 27th. Wedbush reissued an “outperform” rating and set a $103.00 price target (up from $95.00) on shares of Zendesk in a research note on Thursday, May 23rd. Stifel Nicolaus increased their price target on Zendesk from $75.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. Finally, JMP Securities increased their price target on Zendesk from $82.00 to $100.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 1st. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Zendesk presently has a consensus rating of “Buy” and an average target price of $92.14.

Several large investors have recently bought and sold shares of ZEN. Prudential Financial Inc. raised its holdings in shares of Zendesk by 2.8% in the fourth quarter. Prudential Financial Inc. now owns 5,450 shares of the software maker’s stock worth $318,000 after buying an additional 150 shares during the period. WINTON GROUP Ltd increased its holdings in Zendesk by 3.9% during the 4th quarter. WINTON GROUP Ltd now owns 4,504 shares of the software maker’s stock worth $263,000 after purchasing an additional 168 shares during the period. CWM LLC increased its holdings in Zendesk by 90.0% during the 1st quarter. CWM LLC now owns 532 shares of the software maker’s stock worth $45,000 after purchasing an additional 252 shares during the period. Capital Investment Advisory Services LLC purchased a new position in Zendesk during the 1st quarter worth $34,000. Finally, Sageworth Trust Co purchased a new position in Zendesk during the 1st quarter worth $42,000. 97.45% of the stock is owned by institutional investors and hedge funds.

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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