Zendesk Inc (ZEN) Position Lifted by L & S Advisors Inc

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L & S Advisors Inc increased its holdings in Zendesk Inc (NYSE:ZEN) by 62.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,165 shares of the software maker’s stock after acquiring an additional 5,420 shares during the quarter. L & S Advisors Inc’s holdings in Zendesk were worth $827,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in ZEN. Prudential Financial Inc. raised its stake in Zendesk by 2.8% during the fourth quarter. Prudential Financial Inc. now owns 5,450 shares of the software maker’s stock valued at $318,000 after buying an additional 150 shares in the last quarter. WINTON GROUP Ltd raised its stake in Zendesk by 3.9% during the fourth quarter. WINTON GROUP Ltd now owns 4,504 shares of the software maker’s stock valued at $263,000 after buying an additional 168 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Zendesk by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 13,003 shares of the software maker’s stock valued at $758,000 after buying an additional 252 shares in the last quarter. Flinton Capital Management LLC acquired a new stake in Zendesk during the fourth quarter valued at approximately $30,000. Finally, Intercontinental Wealth Advisors LLC acquired a new stake in Zendesk during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 95.69% of the company’s stock.

In related news, SVP John Geschke sold 2,500 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $82.02, for a total value of $205,050.00. Following the completion of the transaction, the senior vice president now directly owns 21,353 shares of the company’s stock, valued at approximately $1,751,373.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mikkel Svane sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $78.61, for a total value of $3,930,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,470,029 shares of the company’s stock, valued at $115,558,979.69. The disclosure for this sale can be found here. Insiders sold a total of 110,302 shares of company stock valued at $8,142,103 over the last three months. Corporate insiders own 4.70% of the company’s stock.

Several analysts have issued reports on the company. Bank of America upped their price objective on Zendesk from $68.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Cowen upped their price objective on Zendesk from $72.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Jefferies Financial Group upped their price objective on Zendesk to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Wedbush cut their price objective on Zendesk from $75.00 to $71.00 and set an “outperform” rating on the stock in a research note on Monday, February 4th. Finally, Royal Bank of Canada upped their price objective on Zendesk to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $77.44.

Shares of NYSE:ZEN traded down $0.06 during trading on Friday, hitting $82.90. 428,795 shares of the company traded hands, compared to its average volume of 2,046,159. Zendesk Inc has a one year low of $44.42 and a one year high of $83.83. The firm has a market capitalization of $8.99 billion, a PE ratio of -87.26 and a beta of 1.66. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.10.

Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Tuesday, February 5th. The software maker reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.38. Zendesk had a negative return on equity of 24.19% and a negative net margin of 21.89%. The business had revenue of $172.25 million during the quarter, compared to analyst estimates of $165.56 million. During the same period in the prior year, the company posted ($0.01) EPS. The business’s revenue for the quarter was up 41.3% compared to the same quarter last year. As a group, analysts predict that Zendesk Inc will post -0.96 EPS for the current fiscal year.

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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.

Read More: What is Cost of Capital?

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Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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