Zendesk, Inc. (NYSE:ZEN) SVP John Geschke sold 9,727 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $35.09, for a total transaction of $341,320.43. Following the transaction, the senior vice president now owns 16,195 shares in the company, valued at approximately $568,282.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
John Geschke also recently made the following trade(s):
- On Wednesday, November 8th, John Geschke sold 4,800 shares of Zendesk stock. The shares were sold at an average price of $35.46, for a total transaction of $170,208.00.
- On Thursday, November 2nd, John Geschke sold 30,200 shares of Zendesk stock. The shares were sold at an average price of $34.36, for a total transaction of $1,037,672.00.
- On Monday, September 11th, John Geschke sold 10,000 shares of Zendesk stock. The stock was sold at an average price of $29.33, for a total transaction of $293,300.00.
Shares of Zendesk, Inc. (ZEN) opened at $34.43 on Friday. Zendesk, Inc. has a 1-year low of $19.77 and a 1-year high of $35.89.
Zendesk (NYSE:ZEN) last released its earnings results on Wednesday, November 1st. The software maker reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. Zendesk had a negative return on equity of 32.50% and a negative net margin of 27.43%. The business had revenue of $112.79 million for the quarter, compared to the consensus estimate of $109.19 million. During the same period last year, the business earned ($0.04) earnings per share. The firm’s revenue for the quarter was up 39.7% compared to the same quarter last year. research analysts forecast that Zendesk, Inc. will post -1.03 EPS for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of ZEN. Oppenheimer Asset Management Inc. bought a new position in Zendesk in the 1st quarter worth approximately $103,000. Advisor Group Inc. grew its holdings in Zendesk by 44.3% during the 2nd quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock worth $103,000 after acquiring an additional 1,137 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Zendesk during the 3rd quarter worth $105,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Zendesk by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock worth $108,000 after acquiring an additional 352 shares during the period. Finally, Fortaleza Asset Management Inc. acquired a new stake in Zendesk during the 2nd quarter worth $115,000. Hedge funds and other institutional investors own 95.49% of the company’s stock.
A number of brokerages have recently issued reports on ZEN. Stifel Nicolaus reaffirmed a “neutral” rating on shares of Zendesk in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Zendesk from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Thursday, October 5th. Morgan Stanley upped their price objective on Zendesk from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. KeyCorp reaffirmed a “buy” rating and set a $35.00 target price on shares of Zendesk in a research note on Friday, August 4th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $33.00 target price on shares of Zendesk in a report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $34.13.
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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