Zendesk Inc (ZEN) CFO Sells $23,020.00 in Stock

Zendesk Inc (NYSE:ZEN) CFO Elena Gomez sold 500 shares of the business’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $46.04, for a total transaction of $23,020.00. Following the transaction, the chief financial officer now owns 8,382 shares in the company, valued at approximately $385,907.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Elena Gomez also recently made the following trade(s):

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  • On Tuesday, February 20th, Elena Gomez sold 500 shares of Zendesk stock. The shares were sold at an average price of $41.99, for a total transaction of $20,995.00.

ZEN stock traded down $1.42 on Friday, reaching $46.70. 1,319,501 shares of the company’s stock traded hands, compared to its average volume of 1,492,501. Zendesk Inc has a 1 year low of $24.49 and a 1 year high of $49.42.

Zendesk (NYSE:ZEN) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. Zendesk had a negative net margin of 25.70% and a negative return on equity of 32.48%. The firm had revenue of $123.43 million for the quarter, compared to the consensus estimate of $119.68 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The business’s revenue was up 39.3% on a year-over-year basis. equities analysts forecast that Zendesk Inc will post -1 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new position in Zendesk during the third quarter worth $105,000. Cerebellum GP LLC acquired a new position in Zendesk during the fourth quarter worth $132,000. SG Americas Securities LLC acquired a new position in Zendesk during the third quarter worth $193,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Zendesk by 47.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock worth $194,000 after buying an additional 1,836 shares during the last quarter. Finally, First Mercantile Trust Co. acquired a new position in Zendesk during the fourth quarter worth $210,000. Hedge funds and other institutional investors own 93.22% of the company’s stock.

A number of research analysts recently issued reports on the stock. KeyCorp reiterated an “overweight” rating and set a $53.00 target price (up previously from $43.00) on shares of Zendesk in a research report on Tuesday, March 13th. Piper Jaffray Companies boosted their target price on shares of Zendesk to $60.00 and gave the company an “overweight” rating in a research report on Monday, March 12th. Guggenheim reiterated a “buy” rating and set a $44.00 target price on shares of Zendesk in a research report on Wednesday, February 7th. Cowen boosted their target price on shares of Zendesk from $39.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Finally, Morgan Stanley boosted their target price on shares of Zendesk from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $42.33.

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Zendesk Company Profile

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.

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

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