John Geschke Sells 5,000 Shares of Zendesk Inc (ZEN) Stock

Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $40.93, for a total value of $204,650.00. Following the completion of the transaction, the senior vice president now owns 17,193 shares in the company, valued at approximately $703,709.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, February 9th, John Geschke sold 5,000 shares of Zendesk stock. The shares were sold at an average price of $38.71, for a total value of $193,550.00.
  • On Friday, January 12th, John Geschke sold 5,000 shares of Zendesk stock. The shares were sold at an average price of $37.15, for a total value of $185,750.00.
  • On Tuesday, January 16th, John Geschke sold 10,000 shares of Zendesk stock. The shares were sold at an average price of $37.27, for a total value of $372,700.00.
  • On Monday, January 8th, John Geschke sold 1,493 shares of Zendesk stock. The shares were 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 shares were sold at an average price of $35.05, for a total value of $27,584.35.
  • On Friday, January 5th, John Geschke sold 3,507 shares of Zendesk stock. The shares were sold at an average price of $35.04, for a total value of $122,885.28.
  • On Wednesday, December 13th, John Geschke sold 5,000 shares of Zendesk stock. The shares were sold at an average price of $34.23, for a total value of $171,150.00.

Shares of Zendesk Inc (ZEN) opened at $42.38 on Friday. The company has a market capitalization of $4,300.00, a price-to-earnings ratio of -38.18 and a beta of 1.87. Zendesk Inc has a fifty-two week low of $24.49 and a fifty-two week high of $42.97.

Zendesk (NYSE:ZEN) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. The business had revenue of $123.43 million for the quarter, compared to analyst estimates of $119.68 million. Zendesk had a negative return on equity of 32.88% and a negative net margin of 25.70%. Zendesk’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. equities analysts expect that Zendesk Inc will post -1 EPS for the current fiscal year.

ZEN has been the topic of a number of recent research reports. Canaccord Genuity raised 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. Zacks Investment Research upgraded Zendesk from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, November 7th. Piper Jaffray Companies restated a “buy” rating and issued a $42.00 target price on shares of Zendesk in a report on Tuesday, January 23rd. Royal Bank of Canada restated a “buy” rating and issued a $42.00 target price on shares of Zendesk in a report on Wednesday, January 17th. Finally, Craig Hallum reiterated a “buy” rating and set a $45.00 price target (up from $37.00) on shares of Zendesk in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. Zendesk presently has a consensus rating of “Buy” and an average price target of $40.31.

Institutional investors and hedge funds have recently modified their holdings of the business. Canada Pension Plan Investment Board bought a new stake in shares of Zendesk in the third quarter valued at $105,000. Advisor Group Inc. raised its stake in shares of Zendesk by 44.3% in the second quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock valued at $103,000 after buying an additional 1,137 shares during the period. Cerebellum GP LLC bought a new stake in shares of Zendesk in the fourth quarter valued at $132,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Zendesk by 47.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock valued at $194,000 after buying an additional 1,836 shares during the period. Finally, First Mercantile Trust Co. bought a new stake in shares of Zendesk in the fourth quarter valued at $210,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

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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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