Mikkel Svane Sells 50,000 Shares of Zendesk, Inc. (ZEN) Stock
Zendesk, Inc. (NYSE:ZEN) Chairman Mikkel Svane sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $34.31, for a total value of $1,715,500.00. Following the sale, the chairman now owns 1,734,891 shares in the company, valued at approximately $59,524,110.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Zendesk, Inc. (NYSE ZEN) opened at $34.43 on Friday. Zendesk, Inc. has a twelve month low of $19.77 and a twelve month high of $35.89.
Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Wednesday, November 1st. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $112.79 million for the quarter, compared to the consensus estimate of $109.19 million. Zendesk had a negative return on equity of 32.50% and a negative net margin of 27.43%. The firm’s revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. equities analysts predict that Zendesk, Inc. will post -1.03 EPS for the current year.
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ZEN has been the topic of a number of research reports. Stifel Nicolaus restated a “hold” rating on shares of Zendesk in a research report on Friday, July 21st. KeyCorp restated a “buy” rating and set a $35.00 price objective on shares of Zendesk in a research report on Friday, August 4th. Piper Jaffray Companies set a $33.00 price objective on Zendesk and gave the stock a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered Zendesk from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, BidaskClub lowered Zendesk from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $34.13.
Several large investors have recently made changes to their positions in the company. Neuberger Berman Group LLC lifted its stake in shares of Zendesk by 10.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 34,821 shares of the software maker’s stock valued at $1,014,000 after purchasing an additional 3,392 shares during the period. California Public Employees Retirement System lifted its stake in shares of Zendesk by 2.6% in the 3rd quarter. California Public Employees Retirement System now owns 110,600 shares of the software maker’s stock valued at $3,220,000 after purchasing an additional 2,800 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Zendesk by 127.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 23,200 shares of the software maker’s stock valued at $675,000 after purchasing an additional 13,000 shares during the period. Granahan Investment Management Inc. MA acquired a new position in shares of Zendesk in the 3rd quarter valued at about $5,290,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Zendesk in the 3rd quarter valued at about $9,017,000. 95.49% of the stock is currently owned by institutional investors.
Zendesk Company Profile
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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