Zendesk Inc (NYSE:ZEN) Director Sells $211,226.40 in Stock

Share on StockTwits

Zendesk Inc (NYSE:ZEN) Director Caryn Marooney sold 2,794 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $75.60, for a total transaction of $211,226.40. Following the completion of the transaction, the director now directly owns 61,938 shares in the company, valued at approximately $4,682,512.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of ZEN opened at $74.62 on Friday. The stock has a market capitalization of $8.29 billion, a PE ratio of -78.55 and a beta of 1.51. Zendesk Inc has a 1 year low of $45.60 and a 1 year high of $94.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.67 and a current ratio of 0.67. The company’s 50-day simple moving average is $87.48 and its 200-day simple moving average is $84.11.

Zendesk (NYSE:ZEN) last issued its earnings results on Tuesday, July 30th. The software maker reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.33. The firm had revenue of $194.58 million for the quarter, compared to analysts’ expectations of $192.47 million. Zendesk had a negative net margin of 23.70% and a negative return on equity of 27.44%. The firm’s revenue was up 37.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 earnings per share. On average, sell-side analysts predict that Zendesk Inc will post -1.13 earnings per share for the current year.

A number of research analysts have commented on the stock. KeyCorp reaffirmed a “buy” rating and issued a $108.00 target price (up previously from $102.00) on shares of Zendesk in a research report on Tuesday, July 30th. Compass Point started coverage on shares of Zendesk in a research report on Tuesday. They set a “buy” rating and a $100.00 price target on the stock. Goldman Sachs Group started coverage on shares of Zendesk in a research report on Friday, June 7th. They set a “buy” rating and a $105.00 price target on the stock. Bank of America reissued a “buy” rating and set a $105.00 price target (up previously from $100.00) on shares of Zendesk in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group increased their price target on shares of Zendesk from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Zendesk presently has an average rating of “Buy” and an average target price of $97.29.

A number of large investors have recently modified their holdings of ZEN. Capital Investment Advisory Services LLC acquired a new stake in Zendesk in the first quarter valued at approximately $34,000. CWM LLC raised its holdings in Zendesk by 90.0% in the first quarter. CWM LLC now owns 532 shares of the software maker’s stock valued at $45,000 after acquiring an additional 252 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Zendesk in the second quarter valued at approximately $80,000. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new stake in Zendesk in the second quarter valued at approximately $89,000. Finally, Meeder Asset Management Inc. acquired a new stake in Zendesk in the first quarter valued at approximately $90,000. 96.40% of the stock is currently owned by hedge funds and other institutional investors.

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, 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.

Recommended Story: What is channel trading?

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

Receive News & Ratings for Zendesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

EATON VANCE SHO/COM  Shares Acquired by Commonwealth Equity Services LLC
EATON VANCE SHO/COM Shares Acquired by Commonwealth Equity Services LLC
United Community Banks  Downgraded by Zacks Investment Research to “Sell”
United Community Banks Downgraded by Zacks Investment Research to “Sell”
Viewray  Lifted to Sell at BidaskClub
Viewray Lifted to Sell at BidaskClub
Slack  Coverage Initiated at Sanford C. Bernstein
Slack Coverage Initiated at Sanford C. Bernstein
Viacom  Downgraded by BidaskClub
Viacom Downgraded by BidaskClub
Veritone  Lifted to “Buy” at Zacks Investment Research
Veritone Lifted to “Buy” at Zacks Investment Research


© 2006-2019 Ticker Report