Zendesk Inc. (NYSE:ZEN) Director Caryn Marooney sold 1,693 shares of the business’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $30.41, for a total value of $51,484.13. Following the completion of the transaction, the director now owns 26,603 shares in the company, valued at approximately $808,997.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Caryn Marooney also recently made the following trade(s):
- On Tuesday, August 30th, Caryn Marooney sold 1,693 shares of Zendesk stock. The stock was sold at an average price of $31.19, for a total value of $52,804.67.
- On Wednesday, August 10th, Caryn Marooney sold 32,033 shares of Zendesk stock. The stock was sold at an average price of $30.09, for a total value of $963,872.97.
Zendesk Inc. (NYSE:ZEN) opened at 31.05 on Tuesday. The company’s market capitalization is $2.91 billion. The company has a 50-day moving average price of $30.51 and a 200-day moving average price of $26.52. Zendesk Inc. has a one year low of $14.39 and a one year high of $31.88.
Zendesk (NYSE:ZEN) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. The company had revenue of $74.20 million for the quarter, compared to the consensus estimate of $72.34 million. Zendesk had a negative return on equity of 30.61% and a negative net margin of 37.10%. The firm’s revenue was up 53.9% compared to the same quarter last year. During the same period last year, the business posted ($0.08) earnings per share. Equities research analysts anticipate that Zendesk Inc. will post ($0.04) EPS for the current year.
Several research analysts recently commented on the company. Morgan Stanley reiterated a “buy” rating on shares of Zendesk in a research note on Sunday, July 17th. Zacks Investment Research upgraded Zendesk from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Thursday, July 7th. RBC Capital Markets restated an “outperform” rating and set a $33.00 price objective (up previously from $27.00) on shares of Zendesk in a research note on Wednesday, July 27th. Summit Redstone initiated coverage on Zendesk in a research note on Monday, July 18th. They set a “buy” rating and a $34.00 price objective on the stock. Finally, Stifel Nicolaus initiated coverage on Zendesk in a research note on Monday, July 18th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $32.73.
Several large investors have recently modified their holdings of the stock. Macquarie Group Ltd. increased its stake in shares of Zendesk by 12.9% in the second quarter. Macquarie Group Ltd. now owns 135,004 shares of the company’s stock valued at $3,561,000 after buying an additional 15,431 shares in the last quarter. KAMES CAPITAL plc acquired a new stake in shares of Zendesk during the second quarter valued at about $3,831,000. Schwab Charles Investment Management Inc. increased its stake in shares of Zendesk by 30.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 248,756 shares of the company’s stock valued at $6,563,000 after buying an additional 57,360 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Zendesk during the second quarter valued at about $264,000. Finally, Legal & General Group Plc increased its stake in shares of Zendesk by 21.6% in the second quarter. Legal & General Group Plc now owns 18,243 shares of the company’s stock valued at $480,000 after buying an additional 3,240 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.
Zendesk Company Profile
Zendesk, Inc is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company also provides SaaS live chat software that can be utilized independently to facilitate communications between organizations and their customers.
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