Zendesk Inc (NYSE:ZEN) Director Sells $211,226.40 in Stock

Zendesk Inc (NYSE:ZEN) Director Caryn Marooney sold 2,794 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $75.60, for a total transaction of $211,226.40. Following the completion of the transaction, the director now directly owns 61,938 shares in the company, valued at approximately $4,682,512.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of ZEN opened at $74.62 on Friday. The stock has a market capitalization of $8.29 billion, a PE ratio of -78.55 and a beta of 1.51. Zendesk Inc has a 1 year low of $45.60 and a 1 year high of $94.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.67 and a current ratio of 0.67. The company’s 50-day simple moving average is $87.48 and its 200-day simple moving average is $84.11.

Zendesk (NYSE:ZEN) last issued its earnings results on Tuesday, July 30th. The software maker reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.33. The firm had revenue of $194.58 million for the quarter, compared to analysts’ expectations of $192.47 million. Zendesk had a negative net margin of 23.70% and a negative return on equity of 27.44%. The firm’s revenue was up 37.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 earnings per share. On average, sell-side analysts predict that Zendesk Inc will post -1.13 earnings per share for the current year.

A number of research analysts have commented on the stock. KeyCorp reaffirmed a “buy” rating and issued a $108.00 target price (up previously from $102.00) on shares of Zendesk in a research report on Tuesday, July 30th. Compass Point started coverage on shares of Zendesk in a research report on Tuesday. They set a “buy” rating and a $100.00 price target on the stock. Goldman Sachs Group started coverage on shares of Zendesk in a research report on Friday, June 7th. They set a “buy” rating and a $105.00 price target on the stock. Bank of America reissued a “buy” rating and set a $105.00 price target (up previously from $100.00) on shares of Zendesk in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group increased their price target on shares of Zendesk from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Zendesk presently has an average rating of “Buy” and an average target price of $97.29.

A number of large investors have recently modified their holdings of ZEN. Capital Investment Advisory Services LLC acquired a new stake in Zendesk in the first quarter valued at approximately $34,000. CWM LLC raised its holdings in Zendesk by 90.0% in the first quarter. CWM LLC now owns 532 shares of the software maker’s stock valued at $45,000 after acquiring an additional 252 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Zendesk in the second quarter valued at approximately $80,000. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new stake in Zendesk in the second quarter valued at approximately $89,000. Finally, Meeder Asset Management Inc. acquired a new stake in Zendesk in the first quarter valued at approximately $90,000. 96.40% of the stock is currently owned by hedge funds and other institutional investors.

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

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