Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $82.02, for a total transaction of $205,050.00. Following the transaction, the senior vice president now owns 21,353 shares of the company’s stock, valued at $1,751,373.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link .
John Geschke also recently made the following trade(s):
Get Zendesk alerts: On Thursday, January 10th, John Geschke sold 7,000 shares of Zendesk stock. The shares were sold at an average price of $62.88, for a total transaction of $440,160.00. Shares of NYSE:ZEN traded up $1.26 during trading on Thursday, hitting $82.96. 1,409,366 shares of the company were exchanged, 2,046,159. The company has a market capitalization of $8.91 billion, a PE ratio of -87.33 and a beta of 1.66. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.67 and a current ratio of 1.67. Zendesk Inc has a 1-year low of $44.42 and a 1-year high of $83.83.
Zendesk (NYSE:ZEN) last announced its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.38. $172.25 the consensus estimate of $165.56 million. Zendesk had a negative net margin of 21.89% and a negative return on equity of 24.19%. The company’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share. On average, equities analysts forecast that Zendesk Inc will post -0.96 EPS for the current fiscal year.
Several brokerages have commented on ZEN. KeyCorp boosted their price objective on shares of Zendesk from $71.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, February 6th. Royal Bank of Canada boosted their price objective on shares of Zendesk to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 6th. Wedbush lowered their price objective on shares of Zendesk from $75.00 to $71.00 and set an “outperform” rating for the company in a research report on Monday, February 4th. Craig Hallum boosted their price objective on shares of Zendesk from $68.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, February 6th. Finally, Wells Fargo & Co boosted their price objective on shares of Zendesk from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 6th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $77.44.
Large investors have recently made changes to their positions in the company. Flinton Capital Management LLC acquired a new position in shares of Zendesk during the fourth quarter worth $30,000. Intercontinental Wealth Advisors LLC bought a new stake in Zendesk during the fourth quarter valued at $34,000. Ipswich Investment Management Co. Inc. bought a new stake in Zendesk during the fourth quarter valued at $41,000. Penserra Capital Management LLC boosted its position in Zendesk by 304.5% during the fourth quarter. Penserra Capital Management LLC now owns 1,440 shares of the software maker’s stock valued at $84,000 after acquiring an additional 1,084 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Zendesk by 383.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,450 shares of the software maker’s stock valued at $85,000 after acquiring an additional 1,150 shares during the last quarter. Institutional investors own 95.69% of the company’s stock.
WARNING: “Zendesk Inc (ZEN) SVP Sells $205,050.00 in Stock” was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://theolympiareport.com/2019/03/14/zendesk-inc-zen-svp-sells-205050-00-in-stock.html. Zendesk Company Profile
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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