Insider Selling: Zendesk Inc (NYSE:ZEN) Insider Sells 714 Shares of Stock

Zendesk Inc (NYSE:ZEN) insider Adrian Mcdermott sold 714 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $76.69, for a total transaction of $54,756.66. Following the completion of the transaction, the insider now owns 81,464 shares of the company’s stock, valued at $6,247,474.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Adrian Mcdermott also recently made the following trade(s):

  • On Friday, September 6th, Adrian Mcdermott sold 3,484 shares of Zendesk stock. The stock was sold at an average price of $78.96, for a total transaction of $275,096.64.
  • On Monday, August 19th, Adrian Mcdermott sold 715 shares of Zendesk stock. The stock was sold at an average price of $77.52, for a total transaction of $55,426.80.
  • On Tuesday, August 6th, Adrian Mcdermott sold 3,484 shares of Zendesk stock. The stock was sold at an average price of $77.45, for a total transaction of $269,835.80.
  • On Wednesday, July 17th, Adrian Mcdermott sold 714 shares of Zendesk stock. The stock was sold at an average price of $91.96, for a total transaction of $65,659.44.
  • On Monday, July 8th, Adrian Mcdermott sold 5,226 shares of Zendesk stock. The stock was sold at an average price of $91.26, for a total transaction of $476,924.76.

NYSE ZEN opened at $72.08 on Friday. The company has a 50-day moving average price of $77.37 and a 200-day moving average price of $84.22. The firm has a market capitalization of $8.15 billion, a P/E ratio of -75.87 and a beta of 1.31. Zendesk Inc has a 52 week low of $45.60 and a 52 week high of $94.89. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.23.

Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.33. The business had revenue of $194.58 million during the quarter, compared to the consensus estimate of $192.47 million. Zendesk had a negative return on equity of 27.44% and a negative net margin of 23.70%. The firm’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 EPS. As a group, equities research analysts anticipate that Zendesk Inc will post -1.1 EPS for the current year.

Several research analysts recently commented on the stock. Canaccord Genuity lifted their target price on shares of Zendesk from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada reduced their price objective on shares of Zendesk from $109.00 to $106.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 3rd. UBS Group set a $98.00 price objective on shares of Zendesk and gave the company a “hold” rating in a research report on Wednesday, July 31st. Compass Point initiated coverage on shares of Zendesk in a research report on Tuesday, August 13th. They set a “buy” rating and a $100.00 price objective on the stock. Finally, KeyCorp reissued a “buy” rating and set a $108.00 price objective (up from $102.00) on shares of Zendesk in a research report on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $98.09.

Institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its stake in Zendesk by 4.5% in the second quarter. Nisa Investment Advisors LLC now owns 3,225 shares of the software maker’s stock worth $287,000 after purchasing an additional 140 shares during the period. Tyers Asset Management LLC increased its stake in Zendesk by 7.2% in the second quarter. Tyers Asset Management LLC now owns 2,492 shares of the software maker’s stock worth $222,000 after purchasing an additional 168 shares during the period. Capital Investment Advisory Services LLC increased its stake in Zendesk by 50.0% in the second quarter. Capital Investment Advisory Services LLC now owns 600 shares of the software maker’s stock worth $56,000 after purchasing an additional 200 shares during the period. Flinton Capital Management LLC increased its stake in Zendesk by 7.2% in the second quarter. Flinton Capital Management LLC now owns 3,026 shares of the software maker’s stock worth $269,000 after purchasing an additional 204 shares during the period. Finally, Veritable L.P. increased its stake in shares of Zendesk by 5.5% during the second quarter. Veritable L.P. now owns 4,290 shares of the software maker’s stock valued at $382,000 after buying an additional 223 shares during the period. Institutional investors own 92.77% of the company’s stock.

About Zendesk

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, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.

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

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