Zendesk Inc (NYSE:ZEN) insider Adrian Mcdermott sold 1,593 shares of Zendesk stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $36.27, for a total value of $57,778.11. Following the sale, the insider now owns 81,081 shares of the company’s stock, valued at $2,940,807.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Adrian Mcdermott also recently made the following trade(s):
- On Wednesday, December 20th, Adrian Mcdermott sold 1,353 shares of Zendesk stock. The shares were sold at an average price of $34.19, for a total value of $46,259.07.
- On Monday, November 20th, Adrian Mcdermott sold 1,679 shares of Zendesk stock. The shares were sold at an average price of $34.39, for a total value of $57,740.81.
Zendesk Inc (ZEN) opened at $37.24 on Tuesday. The company has a market capitalization of $3,780.00, a P/E ratio of -33.85 and a beta of 1.83. Zendesk Inc has a 1 year low of $22.88 and a 1 year high of $38.83.
Zendesk (NYSE:ZEN) last issued its quarterly earnings results on Wednesday, November 1st. The software maker reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The company had revenue of $112.79 million for the quarter, compared to the consensus estimate of $109.19 million. Zendesk had a negative return on equity of 32.50% and a negative net margin of 27.43%. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) EPS. equities analysts predict that Zendesk Inc will post -1.03 EPS for the current year.
A number of research analysts recently weighed in on the company. Morgan Stanley raised their price objective on Zendesk from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, October 23rd. Zacks Investment Research raised Zendesk from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Sunday. KeyCorp reissued a “buy” rating and issued a $35.00 price objective on shares of Zendesk in a research note on Sunday, October 15th. ValuEngine downgraded Zendesk from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Canaccord Genuity raised their price objective on Zendesk from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $35.07.
Hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Inc. increased its position in Zendesk by 44.3% in the 2nd quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock worth $103,000 after buying an additional 1,137 shares during the period. Canada Pension Plan Investment Board bought a new position in Zendesk in the 3rd quarter worth approximately $105,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Zendesk by 10.0% in the 2nd 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. Oppenheimer Asset Management Inc. increased its position in Zendesk by 8.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,998 shares of the software maker’s stock worth $111,000 after buying an additional 323 shares during the period. Finally, SG Americas Securities LLC bought a new position in Zendesk in the 3rd quarter worth approximately $193,000. 94.82% of the stock is currently owned by institutional investors.
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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