Zendesk, Inc. (ZEN) Chairman Mikkel Svane Sells 50,000 Shares
Zendesk, Inc. (NYSE:ZEN) Chairman Mikkel Svane sold 50,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $28.10, for a total value of $1,405,000.00. Following the completion of the transaction, the chairman now owns 1,730,990 shares of the company’s stock, valued at approximately $48,640,819. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Zendesk, Inc. (ZEN) traded down 0.12% during trading on Wednesday, hitting $25.91. The stock had a trading volume of 1,737,655 shares. The stock has a 50-day moving average price of $28.51 and a 200 day moving average price of $27.25. The company’s market cap is $2.56 billion. Zendesk, Inc. has a 12 month low of $19.77 and a 12 month 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 for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.20. The company had revenue of $101.30 million for the quarter, compared to analysts’ expectations of $99.47 million. Zendesk had a negative return on equity of 32.28% and a negative net margin of 29.34%. The company’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) earnings per share. Equities analysts expect that Zendesk, Inc. will post ($0.17) EPS for the current fiscal year.
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A number of equities analysts have issued reports on the company. Stifel Nicolaus reiterated a “hold” rating on shares of Zendesk in a report on Friday, July 21st. Piper Jaffray Companies set a $33.00 price objective on Zendesk and gave the stock a “buy” rating in a report on Saturday. Zacks Investment Research downgraded Zendesk from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Guggenheim reiterated a “buy” rating and issued a $33.00 price objective on shares of Zendesk in a report on Tuesday, April 18th. Finally, KeyCorp reiterated a “buy” rating and issued a $35.00 price objective on shares of Zendesk in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $33.00.
Large investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of Zendesk during the first quarter worth $103,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Zendesk by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock worth $108,000 after buying an additional 352 shares during the period. Fortaleza Asset Management Inc. bought a new stake in shares of Zendesk during the second quarter worth $115,000. Independent Portfolio Consultants Inc. bought a new stake in shares of Zendesk during the second quarter worth $153,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Zendesk during the first quarter worth $197,000. Hedge funds and other institutional investors own 92.69% 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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