Zendesk Inc (NYSE:ZEN) SVP Norman Gennaro sold 753 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 $57,747.57. Following the completion of the transaction, the senior vice president now owns 15,854 shares of the company’s stock, valued at $1,215,843.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Norman Gennaro also recently made the following trade(s):
- On Monday, August 19th, Norman Gennaro sold 753 shares of Zendesk stock. The stock was sold at an average price of $77.52, for a total transaction of $58,372.56.
- On Wednesday, July 17th, Norman Gennaro sold 753 shares of Zendesk stock. The stock was sold at an average price of $91.96, for a total transaction of $69,245.88.
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. Zendesk had a negative return on equity of 27.44% and a negative net margin of 23.70%. The business had revenue of $194.58 million during the quarter, compared to the consensus estimate of $192.47 million. During the same period in the prior year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 37.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Zendesk Inc will post -1.1 EPS for the current year.
Several research analysts have commented on ZEN shares. Compass Point assumed coverage on shares of Zendesk in a research note on Tuesday, August 13th. They set a “buy” rating and a $100.00 price target on the stock. Royal Bank of Canada decreased their target price on shares of Zendesk from $109.00 to $106.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 3rd. Goldman Sachs Group assumed coverage on shares of Zendesk in a research note on Friday, June 7th. They issued a “buy” rating and a $105.00 target price on the stock. KeyCorp reaffirmed a “buy” rating and issued a $108.00 target price (up from $102.00) on shares of Zendesk in a research note on Tuesday, July 30th. Finally, Canaccord Genuity boosted their price objective on shares of Zendesk from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. 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.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Rothschild & Co Wealth Management UK Ltd bought a new position in shares of Zendesk during the 2nd quarter valued at approximately $25,000. Capital Investment Advisory Services LLC lifted its position 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 buying an additional 200 shares during the last quarter. Advisory Services Network LLC bought a new stake in Zendesk in the second quarter worth $80,000. FUKOKU MUTUAL LIFE INSURANCE Co bought a new stake in Zendesk in the second quarter worth $89,000. Finally, Focused Wealth Management Inc bought a new stake in Zendesk in the second quarter worth $127,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.
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.
Read More: Sell-Side Analysts
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