Driehaus Capital Management LLC acquired a new stake in shares of Zendesk Inc (NYSE:ZEN) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 32,195 shares of the software maker’s stock, valued at approximately $1,089,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board bought a new position in Zendesk during the third quarter valued at approximately $105,000. Cerebellum GP LLC bought a new position in Zendesk during the fourth quarter valued at approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Zendesk by 47.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock valued at $194,000 after acquiring an additional 1,836 shares in the last quarter. First Mercantile Trust Co. bought a new position in Zendesk during the fourth quarter valued at approximately $210,000. Finally, SG Americas Securities LLC bought a new position in Zendesk during the third quarter valued at approximately $193,000. 93.22% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Elena Gomez sold 1,200 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $33.66, for a total transaction of $40,392.00. Following the transaction, the chief financial officer now owns 2,535 shares of the company’s stock, valued at $85,328.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adrian Mcdermott sold 40,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $43.54, for a total transaction of $1,741,600.00. Following the transaction, the insider now directly owns 121,465 shares in the company, valued at approximately $5,288,586.10. The disclosure for this sale can be found here. Insiders have sold 196,858 shares of company stock worth $7,930,928 in the last ninety days. 5.30% of the stock is currently owned by insiders.
Zendesk Inc (ZEN) opened at $46.04 on Wednesday. Zendesk Inc has a 52-week low of $24.49 and a 52-week high of $48.10. The company has a market cap of $4,950.00, a P/E ratio of -41.48 and a beta of 1.64.
Zendesk (NYSE:ZEN) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. Zendesk had a negative net margin of 25.70% and a negative return on equity of 32.48%. The company had revenue of $123.43 million for the quarter, compared to analyst estimates of $119.68 million. During the same quarter last year, the firm posted ($0.04) earnings per share. The company’s quarterly revenue was up 39.3% compared to the same quarter last year. equities analysts anticipate that Zendesk Inc will post -1 earnings per share for the current fiscal year.
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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