Zendesk, Inc. (NYSE:ZEN – Get Rating) insider Norman Gennaro sold 7,000 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $76.55, for a total value of $535,850.00. Following the completion of the sale, the insider now owns 26,519 shares in the company, valued at approximately $2,030,029.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Norman Gennaro also recently made the following trade(s):
Get Zendesk alerts:- On Tuesday, August 16th, Norman Gennaro sold 7,000 shares of Zendesk stock. The shares were sold at an average price of $76.31, for a total value of $534,170.00.
- On Tuesday, July 19th, Norman Gennaro sold 7,000 shares of Zendesk stock. The stock was sold at an average price of $75.00, for a total value of $525,000.00.
- On Friday, June 24th, Norman Gennaro sold 7,000 shares of Zendesk stock. The stock was sold at an average price of $75.50, for a total value of $528,500.00.
Zendesk Stock Performance
Shares of ZEN stock opened at $76.55 on Tuesday. The business's 50-day moving average price is $76.02 and its 200-day moving average price is $91.93. Zendesk, Inc. has a 12 month low of $54.16 and a 12 month high of $136.30. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of -33.57 and a beta of 0.97. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.48.
Zendesk (NYSE:ZEN – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The software maker reported ($0.46) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.12). Zendesk had a negative net margin of 18.33% and a negative return on equity of 42.82%. The firm had revenue of $407.21 million for the quarter, compared to analyst estimates of $404.68 million. During the same period in the previous year, the business posted ($0.35) earnings per share. The business's revenue for the quarter was up 28.0% compared to the same quarter last year. Equities research analysts forecast that Zendesk, Inc. will post -0.99 EPS for the current year.Wall Street Analysts Forecast Growth
Several research firms have weighed in on ZEN. Barclays reiterated an "equal weight" rating and set a $78.00 price objective (down previously from $170.00) on shares of Zendesk in a research report on Tuesday, June 28th. William Blair lowered Zendesk from an "outperform" rating to a "market perform" rating in a report on Tuesday, July 26th. Evercore ISI reduced their target price on Zendesk from $128.00 to $66.00 and set an "in-line" rating on the stock in a report on Friday, June 17th. JMP Securities lowered Zendesk from an "outperform" rating to a "market perform" rating in a report on Tuesday, July 26th. Finally, Canaccord Genuity Group lowered Zendesk from a "buy" rating to a "hold" rating in a report on Friday, June 24th. Fifteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Zendesk presently has a consensus rating of "Hold" and a consensus price target of $95.69.
Hedge Funds Weigh In On Zendesk
A number of hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. bought a new position in shares of Zendesk during the second quarter worth about $390,000. Royal London Asset Management Ltd. increased its holdings in Zendesk by 5.2% in the second quarter. Royal London Asset Management Ltd. now owns 52,763 shares of the software maker's stock worth $3,908,000 after purchasing an additional 2,628 shares in the last quarter. Captrust Financial Advisors increased its holdings in Zendesk by 162.9% in the second quarter. Captrust Financial Advisors now owns 2,442 shares of the software maker's stock worth $181,000 after purchasing an additional 1,513 shares in the last quarter. Legal & General Group Plc increased its holdings in Zendesk by 6.7% in the second quarter. Legal & General Group Plc now owns 705,769 shares of the software maker's stock worth $52,277,000 after purchasing an additional 44,177 shares in the last quarter. Finally, Walleye Capital LLC increased its holdings in Zendesk by 380.7% in the second quarter. Walleye Capital LLC now owns 49,650 shares of the software maker's stock worth $3,678,000 after purchasing an additional 39,321 shares in the last quarter. 90.15% of the stock is currently owned by institutional investors.
Zendesk Company Profile
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Zendesk, Inc, a software development company, provides software as a service solutions for organizations in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels.
Further Reading
- Get a free copy of the StockNews.com research report on Zendesk (ZEN)
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