Zendesk, Inc. (NYSE:ZEN) Shares Sold by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC lessened its holdings in shares of Zendesk, Inc. (NYSE:ZENGet Rating) by 44.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,452 shares of the software maker’s stock after selling 8,224 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Zendesk were worth $1,090,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in Zendesk by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 156,415 shares of the software maker’s stock worth $16,314,000 after acquiring an additional 10,725 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in Zendesk by 5.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 64,198 shares of the software maker’s stock worth $6,695,000 after acquiring an additional 3,148 shares during the period. First Republic Investment Management Inc. boosted its position in Zendesk by 189.3% during the 4th quarter. First Republic Investment Management Inc. now owns 27,151 shares of the software maker’s stock worth $2,832,000 after acquiring an additional 17,765 shares during the period. Artemis Investment Management LLP acquired a new position in Zendesk during the 4th quarter worth $28,427,000. Finally, Raymond James & Associates boosted its position in Zendesk by 16.7% during the 4th quarter. Raymond James & Associates now owns 22,155 shares of the software maker’s stock worth $2,311,000 after acquiring an additional 3,169 shares during the period. Institutional investors own 98.72% of the company’s stock.

Several analysts have recently weighed in on the company. StockNews.com assumed coverage on Zendesk in a report on Thursday, March 31st. They issued a “hold” rating for the company. Wolfe Research lowered Zendesk from an “outperform” rating to a “peer perform” rating and set a $130.00 price objective for the company. in a report on Sunday, February 13th. Piper Sandler upped their price objective on Zendesk from $112.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, February 11th. UBS Group boosted their target price on Zendesk from $117.00 to $128.00 in a research report on Friday, February 11th. Finally, Zacks Investment Research lowered Zendesk from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Zendesk has a consensus rating of “Hold” and a consensus price target of $134.30.

NYSE:ZEN opened at $102.15 on Friday. The firm has a market capitalization of $12.52 billion, a price-to-earnings ratio of -51.08 and a beta of 0.94. Zendesk, Inc. has a 1-year low of $87.90 and a 1-year high of $153.43. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.47. The business’s fifty day moving average price is $118.36 and its 200 day moving average price is $108.60.

Zendesk (NYSE:ZENGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The software maker reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.03). The business had revenue of $388.30 million for the quarter, compared to analyst estimates of $384.62 million. Zendesk had a negative net margin of 16.91% and a negative return on equity of 36.18%. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.29) earnings per share. Equities analysts forecast that Zendesk, Inc. will post -1.04 earnings per share for the current year.

In other news, CEO Mikkel Svane sold 43,875 shares of the company’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $117.88, for a total transaction of $5,171,985.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Adrian Mcdermott sold 9,761 shares of the stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $120.25, for a total value of $1,173,760.25. Following the sale, the chief technology officer now owns 92,760 shares of the company’s stock, valued at approximately $11,154,390. The disclosure for this sale can be found here. Insiders have sold 84,433 shares of company stock worth $9,969,972 over the last three months. 3.60% of the stock is owned by insiders.

About Zendesk (Get Rating)

Zendesk, Inc, a software development company, provides software as a service solutions for organizations in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. 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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