Cambridge Investment Research Advisors Inc. Has $1.12 Million Holdings in Zendesk, Inc. (NYSE:ZEN)


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Cambridge Investment Research Advisors Inc. raised its holdings in shares of Zendesk, Inc. (NYSE:ZEN) by 17.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,826 shares of the software maker’s stock after purchasing an additional 1,187 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Zendesk were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC increased its stake in shares of Zendesk by 68.9% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 255 shares of the software maker’s stock valued at $26,000 after acquiring an additional 104 shares during the last quarter. Endurance Wealth Management Inc. bought a new stake in Zendesk during the 3rd quarter worth approximately $37,000. Perigon Wealth Management LLC bought a new stake in Zendesk during the 4th quarter worth approximately $51,000. CWM LLC increased its stake in Zendesk by 410.0% during the 3rd quarter. CWM LLC now owns 1,020 shares of the software maker’s stock worth $105,000 after purchasing an additional 820 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new stake in Zendesk during the 4th quarter worth approximately $125,000. Institutional investors own 97.39% of the company’s stock.

In other Zendesk news, insider Adrian Mcdermott sold 807 shares of the firm’s stock in a transaction on Thursday, February 18th. The stock was sold at an average price of $151.18, for a total transaction of $122,002.26. Following the completion of the sale, the insider now owns 83,413 shares of the company’s stock, valued at approximately $12,610,377.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elena Gomez sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $131.21, for a total value of $3,280,250.00. Following the sale, the chief financial officer now directly owns 37,253 shares of the company’s stock, valued at approximately $4,887,966.13. The disclosure for this sale can be found here. Insiders have sold a total of 103,804 shares of company stock valued at $15,021,701 in the last ninety days. Insiders own 4.30% of the company’s stock.

A number of research firms recently issued reports on ZEN. Cowen increased their target price on Zendesk from $165.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, February 5th. Zacks Investment Research raised Zendesk from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research note on Friday, December 4th. Stifel Nicolaus raised Zendesk from a “hold” rating to a “buy” rating and upped their price target for the stock from $90.00 to $145.00 in a research report on Friday, October 30th. Wells Fargo & Company upped their price target on Zendesk from $120.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $180.00 price target (up previously from $170.00) on shares of Zendesk in a research report on Friday, February 5th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $143.31.

NYSE ZEN opened at $152.54 on Tuesday. The company has a market cap of $17.96 billion, a PE ratio of -97.16 and a beta of 1.27. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 2.54. Zendesk, Inc. has a 12 month low of $50.23 and a 12 month high of $166.60. The stock has a 50 day moving average of $150.00 and a 200-day moving average of $122.73.

Zendesk (NYSE:ZEN) last released its quarterly earnings data on Thursday, February 4th. The software maker reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.28. The company had revenue of $283.50 million during the quarter, compared to the consensus estimate of $277.38 million. Zendesk had a negative return on equity of 22.55% and a negative net margin of 19.24%. As a group, sell-side analysts predict that Zendesk, Inc. will post -0.68 EPS for the current fiscal year.

Zendesk Company Profile

Zendesk, Inc, a software development company, provides software as a service solutions for organizations in North America, Latin America, Europe, the Middle East, Africa, Australia, and the Asia Pacific. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels.

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Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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