John Geschke Sells 5,000 Shares of Zendesk Inc (ZEN) Stock

Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $37.15, for a total value of $185,750.00. Following the completion of the sale, the senior vice president now owns 16,795 shares in the company, valued at approximately $623,934.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

John Geschke also recently made the following trade(s):

  • On Tuesday, January 16th, John Geschke sold 10,000 shares of Zendesk stock. The shares were sold at an average price of $37.27, for a total value of $372,700.00.
  • On Monday, January 8th, John Geschke sold 1,493 shares of Zendesk stock. The shares were sold at an average price of $35.17, for a total value of $52,508.81.
  • On Wednesday, January 3rd, John Geschke sold 787 shares of Zendesk stock. The shares were sold at an average price of $35.05, for a total value of $27,584.35.
  • On Friday, January 5th, John Geschke sold 3,507 shares of Zendesk stock. The shares were sold at an average price of $35.04, for a total value of $122,885.28.
  • On Wednesday, December 13th, John Geschke sold 5,000 shares of Zendesk stock. The shares were sold at an average price of $34.23, for a total value of $171,150.00.
  • On Monday, November 13th, John Geschke sold 9,727 shares of Zendesk stock. The shares were sold at an average price of $35.09, for a total value of $341,320.43.
  • On Wednesday, November 8th, John Geschke sold 4,800 shares of Zendesk stock. The shares were sold at an average price of $35.46, for a total value of $170,208.00.
  • On Thursday, November 2nd, John Geschke sold 30,200 shares of Zendesk stock. The shares were sold at an average price of $34.36, for a total value of $1,037,672.00.

Zendesk Inc (NYSE:ZEN) opened at $37.07 on Friday. Zendesk Inc has a 1 year low of $22.88 and a 1 year high of $38.83.

Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Wednesday, November 1st. The software maker reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $112.79 million for the quarter, compared to analyst estimates of $109.19 million. Zendesk had a negative return on equity of 32.50% and a negative net margin of 27.43%. The business’s quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) EPS. analysts anticipate that Zendesk Inc will post -1.03 EPS for the current year.

ZEN has been the topic of several research reports. Stephens cut Zendesk from an “equal weight” rating to an “underweight” rating and set a $25.00 target price on the stock. in a research note on Monday, October 9th. Morgan Stanley boosted their target price on Zendesk from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded Zendesk from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Thursday, October 5th. Wells Fargo & Co restated an “outperform” rating and issued a $40.00 target price (up previously from $32.00) on shares of Zendesk in a research note on Thursday, November 2nd. Finally, KeyCorp reaffirmed a “buy” rating and set a $35.00 price target on shares of Zendesk in a research report on Sunday, October 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $34.86.

Several large investors have recently bought and sold shares of the business. Janus Henderson Group PLC acquired a new position in shares of Zendesk during the 2nd quarter worth approximately $137,975,000. BlackRock Inc. increased its holdings in shares of Zendesk by 54.9% during the 2nd quarter. BlackRock Inc. now owns 8,835,508 shares of the software maker’s stock worth $245,450,000 after acquiring an additional 3,133,287 shares during the last quarter. Wasatch Advisors Inc. increased its holdings in shares of Zendesk by 26.5% during the 2nd quarter. Wasatch Advisors Inc. now owns 3,919,479 shares of the software maker’s stock worth $108,883,000 after acquiring an additional 820,465 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Zendesk by 755.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 827,334 shares of the software maker’s stock worth $24,083,000 after acquiring an additional 730,570 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Zendesk by 10.9% during the 2nd quarter. Vanguard Group Inc. now owns 7,365,549 shares of the software maker’s stock worth $204,615,000 after acquiring an additional 721,652 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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Zendesk Company Profile

Zendesk, Inc (Zendesk) is a software development company. The Zendesk family of products is built to work together to help organizations understand and manage customer relationships. All Zendesk products share a common interface and are being developed to support a shared services infrastructure and common customer data platform.

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

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