Zendesk, Inc. (ZEN) Insider Adrian Mcdermott Sells 1,766 Shares
Zendesk, Inc. (NYSE:ZEN) insider Adrian Mcdermott sold 1,766 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $27.61, for a total value of $48,759.26. Following the completion of the sale, the insider now directly owns 80,145 shares in the company, valued at approximately $2,212,803.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Adrian Mcdermott also recently made the following trade(s):
- On Thursday, May 18th, Adrian Mcdermott sold 2,870 shares of Zendesk stock. The stock was sold at an average price of $24.98, for a total value of $71,692.60.
- On Thursday, April 20th, Adrian Mcdermott sold 1,766 shares of Zendesk stock. The stock was sold at an average price of $28.20, for a total value of $49,801.20.
Shares of Zendesk, Inc. (ZEN) traded up 1.28% on Thursday, hitting $28.41. The stock had a trading volume of 731,107 shares. The company’s market capitalization is $2.81 billion. Zendesk, Inc. has a one year low of $19.77 and a one year high of $31.88. The firm has a 50 day moving average price of $26.86 and a 200 day moving average price of $25.89.
Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Thursday, May 4th. The software maker reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The business had revenue of $93.01 million for the quarter, compared to the consensus estimate of $92.46 million. Zendesk had a negative return on equity of 31.90% and a negative net margin of 30.79%. The firm’s revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.08) EPS. On average, equities research analysts predict that Zendesk, Inc. will post ($0.18) earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Zendesk, Inc. (ZEN) Insider Adrian Mcdermott Sells 1,766 Shares” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.watchlistnews.com/zendesk-inc-zen-insider-adrian-mcdermott-sells-1766-shares/1386098.html.
A number of equities research analysts have recently issued reports on ZEN shares. Canaccord Genuity reaffirmed a “buy” rating and set a $32.00 target price on shares of Zendesk in a research report on Friday, February 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $34.00 target price on shares of Zendesk in a research report on Wednesday, March 8th. William Blair reaffirmed an “outperform” rating on shares of Zendesk in a research report on Monday, April 3rd. Zacks Investment Research lowered Zendesk from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 13th. Finally, Guggenheim reaffirmed a “buy” rating and set a $33.00 target price on shares of Zendesk in a research report on Tuesday, April 18th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $32.75.
A number of hedge funds have recently modified their holdings of ZEN. Russell Investments Group Ltd. acquired a new stake in shares of Zendesk during the fourth quarter valued at approximately $308,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Zendesk during the fourth quarter valued at approximately $591,000. State Board of Administration of Florida Retirement System increased its stake in shares of Zendesk by 2.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 32,300 shares of the software maker’s stock valued at $685,000 after buying an additional 670 shares during the last quarter. State Street Corp increased its stake in shares of Zendesk by 4.4% in the fourth quarter. State Street Corp now owns 1,429,403 shares of the software maker’s stock valued at $30,304,000 after buying an additional 60,651 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Zendesk by 1.6% in the fourth quarter. FMR LLC now owns 14,300,811 shares of the software maker’s stock valued at $303,178,000 after buying an additional 229,757 shares during the last quarter. 92.12% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Zendesk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.