Zendesk Inc (NYSE:ZEN) CFO Elena Gomez sold 500 shares of Zendesk stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $46.04, for a total value of $23,020.00. Following the completion of the sale, the chief financial officer now directly owns 8,382 shares in the company, valued at approximately $385,907.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Elena Gomez also recently made the following trade(s):

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  • On Tuesday, February 20th, Elena Gomez sold 500 shares of Zendesk stock. The shares were sold at an average price of $41.99, for a total value of $20,995.00.

Shares of Zendesk Inc (NYSE:ZEN) traded down $0.12 during midday trading on Friday, reaching $48.00. The company’s stock had a trading volume of 85,154 shares, compared to its average volume of 1,157,314. The firm has a market capitalization of $5,054.32, a P/E ratio of -43.35 and a beta of 1.64. Zendesk Inc has a 1 year low of $24.49 and a 1 year high of $49.42.

Zendesk (NYSE:ZEN) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $123.43 million for the quarter, compared to the consensus estimate of $119.68 million. Zendesk had a negative return on equity of 32.48% and a negative net margin of 25.70%. The business’s revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) earnings per share. equities analysts anticipate that Zendesk Inc will post -1 earnings per share for the current fiscal year.

A number of analysts recently issued reports on the company. KeyCorp reaffirmed an “overweight” rating and issued a $53.00 target price (up previously from $43.00) on shares of Zendesk in a research report on Tuesday, March 13th. Piper Jaffray Companies lifted their target price on Zendesk to $60.00 and gave the company an “overweight” rating in a research report on Monday, March 12th. Guggenheim reaffirmed a “buy” rating and issued a $44.00 target price on shares of Zendesk in a research report on Wednesday, February 7th. Cowen lifted their target price on Zendesk from $39.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Finally, Morgan Stanley lifted their target price on Zendesk from $41.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. Zendesk has a consensus rating of “Buy” and a consensus price target of $42.33.

A number of hedge funds and other institutional investors have recently made changes to their positions in ZEN. First Trust Advisors LP increased its position in Zendesk by 7.7% during the third quarter. First Trust Advisors LP now owns 41,061 shares of the software maker’s stock worth $1,195,000 after buying an additional 2,934 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Zendesk during the third quarter worth approximately $105,000. Swiss National Bank increased its position in Zendesk by 2.4% during the third quarter. Swiss National Bank now owns 165,452 shares of the software maker’s stock worth $4,816,000 after buying an additional 3,800 shares during the last quarter. Sei Investments Co. increased its position in Zendesk by 86.5% during the third quarter. Sei Investments Co. now owns 28,544 shares of the software maker’s stock worth $831,000 after buying an additional 13,242 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in Zendesk by 9.1% during the third quarter. New York State Common Retirement Fund now owns 113,308 shares of the software maker’s stock worth $3,298,000 after buying an additional 9,408 shares during the last quarter. 93.22% of the stock is currently owned by hedge funds and other institutional investors.

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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, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.

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

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