Zendesk Inc. (NYSE:ZEN) SVP John Geschke sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $29.50, for a total transaction of $295,000.00. Following the transaction, the senior vice president now owns 11,175 shares in the company, valued at $329,662.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, August 19th, John Geschke sold 5,000 shares of Zendesk stock. The shares were sold at an average price of $30.29, for a total transaction of $151,450.00.

Shares of Zendesk Inc. (NYSE:ZEN) opened at 29.84 on Tuesday. The firm’s market cap is $2.80 billion. Zendesk Inc. has a 52-week low of $14.39 and a 52-week high of $31.88. The company’s 50-day moving average is $30.36 and its 200 day moving average is $25.76.

Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. Zendesk had a negative net margin of 37.10% and a negative return on equity of 30.61%. The firm had revenue of $74.20 million for the quarter, compared to analyst estimates of $72.34 million. During the same quarter last year, the firm posted ($0.08) earnings per share. Zendesk’s revenue for the quarter was up 53.9% compared to the same quarter last year. On average, analysts expect that Zendesk Inc. will post ($0.04) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of ZEN. Franklin Resources Inc. raised its position in Zendesk by 48.9% in the first quarter. Franklin Resources Inc. now owns 3,881,877 shares of the company’s stock valued at $81,248,000 after buying an additional 1,275,008 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Zendesk by 2.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,335,980 shares of the company’s stock valued at $27,962,000 after buying an additional 38,268 shares during the period. Cupps Capital Management LLC increased its stake in shares of Zendesk by 58.3% in the first quarter. Cupps Capital Management LLC now owns 157,355 shares of the company’s stock valued at $3,293,000 after buying an additional 57,936 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Zendesk by 26.8% in the first quarter. Goldman Sachs Group Inc. now owns 67,137 shares of the company’s stock valued at $1,406,000 after buying an additional 14,178 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Zendesk by 2.2% in the first quarter. Geode Capital Management LLC now owns 346,760 shares of the company’s stock valued at $7,257,000 after buying an additional 7,544 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

ZEN has been the topic of a number of recent research reports. Piper Jaffray Cos. started coverage on shares of Zendesk in a research note on Tuesday, May 31st. They set an “overweight” rating and a $35.00 price objective on the stock. Canaccord Genuity reissued a “buy” rating on shares of Zendesk in a research report on Friday, June 10th. Zacks Investment Research cut shares of Zendesk from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Morgan Stanley increased their target price on shares of Zendesk from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, July 14th. Finally, Summit Research reissued a “buy” rating and set a $34.00 target price on shares of Zendesk in a research report on Monday, July 18th. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Zendesk presently has a consensus rating of “Buy” and a consensus price target of $32.13.

Zendesk Company Profile

Zendesk, Inc is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company also provides SaaS live chat software that can be utilized independently to facilitate communications between organizations and their customers.

5 Day Chart for NYSE:ZEN

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