Zendesk Inc. (NYSE:ZEN) SVP John Geschke sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $29.87, for a total transaction of $298,700.00. Following the sale, the senior vice president now directly owns 11,380 shares in the company, valued at $339,920.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Tuesday, September 13th, John Geschke sold 10,000 shares of Zendesk stock. The stock was sold at an average price of $29.50, for a total transaction of $295,000.00.
  • On Friday, August 19th, John Geschke sold 5,000 shares of Zendesk stock. The stock was sold at an average price of $30.29, for a total transaction of $151,450.00.

Shares of Zendesk Inc. (NYSE:ZEN) opened at 28.26 on Wednesday. Zendesk Inc. has a 1-year low of $14.39 and a 1-year high of $31.88. The stock’s 50 day moving average is $30.42 and its 200-day moving average is $26.90. The stock’s market cap is $2.65 billion.

Zendesk (NYSE:ZEN) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. The firm had revenue of $74.20 million for the quarter, compared to the consensus estimate of $72.34 million. Zendesk had a negative return on equity of 30.61% and a negative net margin of 37.10%. The business’s revenue for the quarter was up 53.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) EPS. On average, analysts anticipate that Zendesk Inc. will post ($0.04) EPS for the current year.

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

Several equities research analysts have issued reports on ZEN shares. Zacks Investment Research cut shares of Zendesk from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Rosenblatt Securities reissued a “buy” rating and issued a $33.00 target price on shares of Zendesk in a research report on Wednesday, September 28th. Canaccord Genuity reissued a “buy” rating and issued a $35.00 target price on shares of Zendesk in a research report on Thursday, August 4th. RBC Capital Markets reissued an “outperform” rating and issued a $33.00 target price (up from $27.00) on shares of Zendesk in a research report on Wednesday, July 27th. Finally, Royal Bank Of Canada raised their target price on shares of Zendesk from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $32.73.

Hedge funds have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its stake in Zendesk by 2.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,335,980 shares of the company’s stock valued at $27,962,000 after buying an additional 38,268 shares during the last quarter. Hunt Lane Capital LP increased its position in shares of Zendesk by 1,046.8% in the first quarter. Hunt Lane Capital LP now owns 1,422,000 shares of the company’s stock worth $29,762,000 after buying an additional 1,298,000 shares in the last quarter. Jericho Capital Asset Management L.P. increased its position in shares of Zendesk by 5.4% in the first quarter. Jericho Capital Asset Management L.P. now owns 4,449,324 shares of the company’s stock worth $93,124,000 after buying an additional 227,274 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Zendesk by 348.6% in the first quarter. Wellington Management Group LLP now owns 4,370,342 shares of the company’s stock worth $91,471,000 after buying an additional 3,396,128 shares in the last quarter. Finally, Thrax Management LLC increased its position in shares of Zendesk by 38.7% in the first quarter. Thrax Management LLC now owns 549,550 shares of the company’s stock worth $11,502,000 after buying an additional 153,336 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

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.

5 Day Chart for NYSE:ZEN

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