Zendesk, Inc. (ZEN) CFO Sells $38,722.86 in Stock
Zendesk, Inc. (NYSE:ZEN) CFO Elena Gomez sold 1,431 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $27.06, for a total value of $38,722.86. Following the completion of the sale, the chief financial officer now directly owns 6,157 shares of the company’s stock, valued at $166,608.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Elena Gomez also recently made the following trade(s):
- On Thursday, May 18th, Elena Gomez sold 21,781 shares of Zendesk stock. The shares were sold at an average price of $25.46, for a total value of $554,544.26.
Zendesk, Inc. (NYSE ZEN) traded down 0.48% during trading on Wednesday, reaching $27.00. The company had a trading volume of 35,537 shares. The firm’s market capitalization is $2.71 billion. The company has a 50-day moving average of $28.18 and a 200-day moving average of $27.44. Zendesk, Inc. has a 52-week low of $19.77 and a 52-week high of $31.88.
Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.20. The business had revenue of $101.30 million for the quarter, compared to analyst estimates of $99.47 million. Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The business’s quarterly revenue was up 36.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Analysts expect that Zendesk, Inc. will post ($0.17) EPS for the current fiscal year.
Several research firms have recently commented on ZEN. BidaskClub cut Zendesk from a “buy” rating to a “hold” rating in a report on Wednesday. UBS AG reissued a “buy” rating and issued a $38.00 price target (up from $36.00) on shares of Zendesk in a report on Friday, May 5th. Zacks Investment Research raised Zendesk from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Piper Jaffray Companies set a $33.00 price target on Zendesk and gave the company a “buy” rating in a report on Saturday, August 5th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Zendesk in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.00.
Several institutional investors have recently modified their holdings of the company. Verition Fund Management LLC acquired a new position in shares of Zendesk during the second quarter valued at about $278,000. Crosslink Capital Inc. increased its stake in Zendesk by 934.6% in the second quarter. Crosslink Capital Inc. now owns 788,714 shares of the software maker’s stock worth $21,910,000 after buying an additional 712,480 shares during the period. Ameritas Investment Partners Inc. increased its stake in Zendesk by 21.7% in the second quarter. Ameritas Investment Partners Inc. now owns 8,533 shares of the software maker’s stock worth $237,000 after buying an additional 1,521 shares during the period. Castleark Management LLC purchased a new stake in Zendesk during the second quarter worth $7,962,000. Finally, California State Teachers Retirement System increased its stake in Zendesk by 7.7% in the second quarter. California State Teachers Retirement System now owns 172,221 shares of the software maker’s stock worth $4,784,000 after buying an additional 12,241 shares during the period. Institutional investors and hedge funds own 92.62% of the company’s stock.
Zendesk Company Profile
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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