Insider Selling: Zendesk, Inc. (ZEN) Insider Sells 1,766 Shares of Stock
Zendesk, Inc. (NYSE:ZEN) insider Adrian Mcdermott sold 1,766 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $28.87, for a total value of $50,984.42. Following the transaction, the insider now owns 80,581 shares in the company, valued at $2,326,373.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Adrian Mcdermott also recently made the following trade(s):
- On Friday, August 18th, Adrian Mcdermott sold 1,766 shares of Zendesk stock. The shares were sold at an average price of $26.42, for a total value of $46,657.72.
- On Thursday, July 20th, Adrian Mcdermott sold 1,766 shares of Zendesk stock. The shares were sold at an average price of $29.11, for a total value of $51,408.26.
Zendesk, Inc. (NYSE ZEN) traded down 0.60% during midday trading on Friday, reaching $28.06. The company’s stock had a trading volume of 654,410 shares. Zendesk, Inc. has a 52 week low of $19.77 and a 52 week high of $31.36. The firm’s market cap is $2.82 billion. The firm has a 50 day moving average price of $27.66 and a 200-day moving average price of $27.66.
Zendesk (NYSE:ZEN) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.20). Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The business had revenue of $101.30 million for the quarter, compared to the consensus estimate of $99.47 million. During the same period in the prior year, the business posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 36.5% compared to the same quarter last year. On average, analysts forecast that Zendesk, Inc. will post ($0.17) earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new position in shares of Zendesk during the first quarter worth approximately $103,000. Advisor Group Inc. increased its holdings in shares of Zendesk by 44.3% during the second quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock worth $103,000 after purchasing an additional 1,137 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Zendesk by 10.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock worth $108,000 after purchasing an additional 352 shares during the period. Fortaleza Asset Management Inc. bought a new position in shares of Zendesk during the second quarter worth approximately $115,000. Finally, Independent Portfolio Consultants Inc. bought a new position in shares of Zendesk during the second quarter worth approximately $153,000. 96.07% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on ZEN shares. Zacks Investment Research upgraded Zendesk from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. BidaskClub lowered Zendesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Stifel Nicolaus restated a “hold” rating on shares of Zendesk in a research note on Friday, July 21st. KeyCorp restated a “buy” rating and set a $35.00 price target on shares of Zendesk in a research note on Friday, August 4th. Finally, Piper Jaffray Companies set a $33.00 price target on Zendesk and gave the company a “buy” rating in a research note on Saturday, August 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. Zendesk has a consensus rating of “Buy” and an average target price of $33.09.
Zendesk, Inc (Zendesk) is a software development company. The Zendesk family of products is built to work together to help organizations understand and manage customer relationships. All Zendesk products share a common interface and are being developed to support a shared services infrastructure and common customer data platform.
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