Zendesk Inc (ZEN) SVP Sells $122,885.28 in Stock

Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 3,507 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $35.04, for a total value of $122,885.28. Following the transaction, the senior vice president now directly owns 12,582 shares in the company, valued at approximately $440,873.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

John Geschke also recently made the following trade(s):

  • On Monday, January 8th, John Geschke sold 1,493 shares of Zendesk stock. The stock was sold at an average price of $35.17, for a total value of $52,508.81.
  • On Wednesday, January 3rd, John Geschke sold 787 shares of Zendesk stock. The stock was sold at an average price of $35.05, for a total value of $27,584.35.
  • On Wednesday, December 13th, John Geschke sold 5,000 shares of Zendesk stock. The stock was sold at an average price of $34.23, for a total value of $171,150.00.
  • On Monday, November 13th, John Geschke sold 9,727 shares of Zendesk stock. The stock was sold at an average price of $35.09, for a total value of $341,320.43.
  • On Wednesday, November 8th, John Geschke sold 4,800 shares of Zendesk stock. The stock was sold at an average price of $35.46, for a total value 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 value of $1,037,672.00.

Shares of Zendesk Inc (NYSE:ZEN) traded up $1.48 during trading hours on Friday, hitting $37.51. The stock had a trading volume of 1,060,801 shares, compared to its average volume of 684,033. Zendesk Inc has a twelve month low of $22.20 and a twelve month high of $37.71. The stock has a market capitalization of $3,660.00, a P/E ratio of -34.10 and a beta of 1.83.

Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 in the prior year, the business earned ($0.04) earnings per share. The business’s revenue was up 39.7% on a year-over-year basis. research analysts predict that Zendesk Inc will post -1.03 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of ZEN. Sei Investments Co. purchased a new stake in shares of Zendesk in the second quarter valued at $425,000. Schwab Charles Investment Management Inc. lifted its position in Zendesk by 13.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 373,968 shares of the software maker’s stock worth $10,389,000 after buying an additional 42,929 shares during the period. First Trust Advisors LP purchased a new position in Zendesk during the second quarter worth about $1,059,000. Rhumbline Advisers lifted its position in Zendesk by 17.6% during the second quarter. Rhumbline Advisers now owns 109,872 shares of the software maker’s stock worth $3,052,000 after buying an additional 16,479 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Zendesk by 26.2% during the second quarter. Bank of New York Mellon Corp now owns 521,849 shares of the software maker’s stock worth $14,496,000 after buying an additional 108,181 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Several analysts have weighed in on the company. Morgan Stanley upped their target price on Zendesk from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, October 23rd. KeyCorp reissued a “buy” rating and issued a $35.00 target price on shares of Zendesk in a report on Sunday, October 15th. Zacks Investment Research raised Zendesk from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Thursday, October 5th. ValuEngine lowered Zendesk from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Canaccord Genuity upped their target price on Zendesk from $34.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. 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’s stock. Zendesk presently has an average rating of “Buy” and an average price target of $34.13.

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Zendesk Company Profile

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.

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

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