Zendesk, Inc. (NYSE:ZEN) Insider Sells $526,956.48 in Stock

Zendesk, Inc. (NYSE:ZEN) insider John Geschke sold 3,893 shares of the firm’s stock in a transaction on Tuesday, June 8th. The shares were sold at an average price of $135.36, for a total transaction of $526,956.48. Following the transaction, the insider now owns 39,142 shares in the company, valued at approximately $5,298,261.12. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Tuesday, April 13th, John Geschke sold 3,000 shares of Zendesk stock. The stock was sold at an average price of $149.50, for a total transaction of $448,500.00.

NYSE ZEN opened at $136.60 on Friday. Zendesk, Inc. has a 1-year low of $77.75 and a 1-year high of $166.60. The company has a 50 day simple moving average of $140.28. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.20. The firm has a market capitalization of $16.21 billion, a P/E ratio of -70.78 and a beta of 1.22.

Zendesk (NYSE:ZEN) last issued its earnings results on Thursday, April 29th. The software maker reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06). The company had revenue of $298.05 million during the quarter, compared to analyst estimates of $294.50 million. Zendesk had a negative net margin of 20.58% and a negative return on equity of 27.25%. Research analysts predict that Zendesk, Inc. will post -0.8 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of ZEN. FIL Ltd purchased a new position in Zendesk in the first quarter valued at approximately $28,000. Manchester Financial Inc. grew its holdings in shares of Zendesk by 1,428.6% in the first quarter. Manchester Financial Inc. now owns 214 shares of the software maker’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Bessemer Group Inc. bought a new position in Zendesk in the 1st quarter worth $34,000. KB Financial Partners LLC purchased a new position in Zendesk during the first quarter valued at $41,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Zendesk in the 4th quarter worth $115,000. Hedge funds and other institutional investors own 95.34% of the company’s stock.

Several equities analysts have weighed in on the company. Wolfe Research started coverage on Zendesk in a research report on Wednesday, April 28th. They issued an “outperform” rating and a $180.00 price target for the company. Piper Sandler boosted their target price on Zendesk from $180.00 to $186.00 and gave the stock an “overweight” rating in a report on Friday, April 30th. Zacks Investment Research upgraded Zendesk from a “sell” rating to a “hold” rating in a report on Thursday, April 8th. Stifel Nicolaus assumed coverage on shares of Zendesk in a research note on Thursday, April 8th. They issued a “buy” rating for the company. Finally, UBS Group raised shares of Zendesk from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $171.00 to $190.00 in a report on Thursday, May 27th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $159.27.

Zendesk Company Profile

Zendesk, Inc, a software development company, provides software as a service solutions for organizations in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels.

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

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