Zendesk Inc. (ZEN) Director Caryn Marooney Sells 1,693 Shares
Zendesk Inc. (NYSE:ZEN) Director Caryn Marooney sold 1,693 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $30.41, for a total value of $51,484.13. Following the completion of the sale, the director now directly owns 26,603 shares of the company’s stock, valued at $808,997.23. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Caryn Marooney also recently made the following trade(s):
- On Tuesday, August 30th, Caryn Marooney sold 1,693 shares of Zendesk stock. The shares were sold at an average price of $31.19, for a total value of $52,804.67.
- On Wednesday, August 10th, Caryn Marooney sold 32,033 shares of Zendesk stock. The shares were sold at an average price of $30.09, for a total value of $963,872.97.
Shares of Zendesk Inc. (NYSE:ZEN) opened at 31.14 on Wednesday. The stock has a 50 day moving average price of $30.53 and a 200-day moving average price of $26.60. Zendesk Inc. has a 12 month low of $14.39 and a 12 month high of $31.88. The stock’s market cap is $2.92 billion.
Zendesk (NYSE:ZEN) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The firm earned $74.20 million during the quarter, compared to analyst estimates of $72.34 million. Zendesk had a negative return on equity of 30.61% and a negative net margin of 37.10%. The firm’s quarterly revenue was up 53.9% on a year-over-year basis. During the same period last year, the company posted ($0.08) EPS. On average, analysts forecast that Zendesk Inc. will post ($0.04) EPS for the current fiscal year.
Several brokerages recently issued reports on ZEN. Rosenblatt Securities reaffirmed a “buy” rating and set a $33.00 price objective on shares of Zendesk in a report on Wednesday, September 28th. Zacks Investment Research cut Zendesk from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $35.00 price objective on shares of Zendesk in a report on Saturday, August 13th. Canaccord Genuity reaffirmed a “buy” rating and set a $35.00 price objective on shares of Zendesk in a report on Thursday, August 4th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $33.00 price objective (up from $27.00) on shares of Zendesk in a report on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Zendesk presently has an average rating of “Buy” and a consensus price target of $32.73.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Zendesk by 100.5% in the second quarter. BlackRock Inc. now owns 7,675 shares of the company’s stock worth $202,000 after buying an additional 3,847 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Zendesk during the second quarter worth about $232,000. AQR Capital Management LLC purchased a new position in shares of Zendesk during the second quarter worth about $242,000. ProShare Advisors LLC purchased a new position in shares of Zendesk during the second quarter worth about $262,000. Finally, Amalgamated Bank purchased a new position in shares of Zendesk during the second quarter worth about $264,000. 83.66% of the stock is owned by hedge funds and other institutional investors.
Zendesk Company Profile
Zendesk, Inc is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company also provides SaaS live chat software that can be utilized independently to facilitate communications between organizations and their customers.
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