Zendesk Inc (NYSE:ZEN) Insider Sells $55,426.80 in Stock

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Zendesk Inc (NYSE:ZEN) insider Adrian Mcdermott sold 715 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $77.52, for a total transaction of $55,426.80. Following the completion of the transaction, the insider now directly owns 81,464 shares of the company’s stock, valued at $6,315,089.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Adrian Mcdermott also recently made the following trade(s):

  • On Tuesday, August 6th, Adrian Mcdermott sold 3,484 shares of Zendesk stock. The stock was sold at an average price of $77.45, for a total transaction of $269,835.80.
  • On Wednesday, July 17th, Adrian Mcdermott sold 714 shares of Zendesk stock. The stock was sold at an average price of $91.96, for a total transaction of $65,659.44.
  • On Monday, July 8th, Adrian Mcdermott sold 5,226 shares of Zendesk stock. The stock was sold at an average price of $91.26, for a total transaction of $476,924.76.
  • On Wednesday, June 19th, Adrian Mcdermott sold 714 shares of Zendesk stock. The stock was sold at an average price of $88.42, for a total transaction of $63,131.88.
  • On Thursday, June 6th, Adrian Mcdermott sold 5,226 shares of Zendesk stock. The stock was sold at an average price of $83.14, for a total transaction of $434,489.64.

ZEN opened at $80.84 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $8.67 billion, a price-to-earnings ratio of -85.09 and a beta of 1.51. The firm has a 50 day simple moving average of $85.84 and a 200 day simple moving average of $84.12. Zendesk Inc has a fifty-two week low of $45.60 and a fifty-two week high of $94.89.

Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.33. The business had revenue of $194.58 million during the quarter, compared to the consensus estimate of $192.47 million. Zendesk had a negative net margin of 23.70% and a negative return on equity of 27.44%. Zendesk’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. As a group, analysts expect that Zendesk Inc will post -1.13 EPS for the current year.

A number of equities analysts have weighed in on the stock. Wells Fargo & Co boosted their target price on shares of Zendesk from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Stifel Nicolaus set a $92.00 target price on shares of Zendesk and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Canaccord Genuity boosted their target price on shares of Zendesk from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. KeyCorp reaffirmed a “buy” rating and issued a $108.00 target price (up from $102.00) on shares of Zendesk in a research note on Tuesday, July 30th. Finally, Zacks Investment Research downgraded shares of Zendesk from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $97.29.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in Zendesk by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 174,358 shares of the software maker’s stock valued at $10,176,000 after purchasing an additional 3,721 shares during the period. Geode Capital Management LLC boosted its holdings in Zendesk by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 986,067 shares of the software maker’s stock valued at $57,556,000 after purchasing an additional 61,660 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in Zendesk in the first quarter valued at $304,000. Meeder Asset Management Inc. purchased a new position in Zendesk in the first quarter valued at $90,000. Finally, Oakbrook Investments LLC purchased a new position in Zendesk in the first quarter valued at $238,000. 93.47% of the stock is owned by institutional investors and hedge funds.

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.

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

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