Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 3,507 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $35.04, for a total transaction of $122,885.28. Following the completion of the sale, the senior vice president now owns 12,582 shares in the company, valued at $440,873.28. The sale 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 Wednesday, January 3rd, John Geschke sold 787 shares of Zendesk stock. The shares were sold at an average price of $35.05, for a total transaction of $27,584.35.
  • On Wednesday, December 13th, John Geschke sold 5,000 shares of Zendesk stock. The shares were sold at an average price of $34.23, for a total transaction of $171,150.00.
  • On Monday, November 13th, John Geschke sold 9,727 shares of Zendesk stock. The shares were sold at an average price of $35.09, for a total transaction of $341,320.43.
  • On Wednesday, November 8th, John Geschke sold 4,800 shares of Zendesk stock. The shares were sold at an average price of $35.46, for a total transaction of $170,208.00.
  • On Thursday, November 2nd, John Geschke sold 30,200 shares of Zendesk stock. The shares were sold at an average price of $34.36, for a total transaction of $1,037,672.00.

Zendesk Inc (NYSE ZEN) traded up $0.12 during midday trading on Friday, reaching $34.97. 489,064 shares of the company’s stock were exchanged, compared to its average volume of 627,411. The firm has a market capitalization of $3,550.00, a price-to-earnings ratio of -31.79 and a beta of 1.83. Zendesk Inc has a one year low of $22.18 and a one year high of $35.89.

Zendesk (NYSE:ZEN) last issued its earnings results on Wednesday, November 1st. The software maker reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The business had revenue of $112.79 million for the quarter, compared to the consensus estimate of $109.19 million. Zendesk had a negative net margin of 27.43% and a negative return on equity of 32.50%. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. analysts expect that Zendesk Inc will post -1.03 EPS for the current fiscal year.

A number of brokerages have recently weighed in on ZEN. Royal Bank of Canada restated a “buy” rating and issued a $35.00 price objective on shares of Zendesk in a report on Wednesday, October 18th. ValuEngine lowered shares of Zendesk from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Canaccord Genuity raised their price objective on shares of Zendesk from $34.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Morgan Stanley lifted their price target on shares of Zendesk from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Finally, Stifel Nicolaus reiterated a “neutral” rating on shares of Zendesk in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. Zendesk currently has a consensus rating of “Buy” and a consensus price target of $34.13.

Several large investors have recently modified their holdings of the company. Neuberger Berman Group LLC boosted its holdings in Zendesk by 10.8% during the third quarter. Neuberger Berman Group LLC now owns 34,821 shares of the software maker’s stock worth $1,014,000 after buying an additional 3,392 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Zendesk by 2.6% during the third quarter. California Public Employees Retirement System now owns 110,600 shares of the software maker’s stock worth $3,220,000 after buying an additional 2,800 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Zendesk by 127.5% during the third quarter. Point72 Asset Management L.P. now owns 23,200 shares of the software maker’s stock worth $675,000 after buying an additional 13,000 shares in the last quarter. Granahan Investment Management Inc. MA purchased a new stake in Zendesk during the third quarter worth about $5,290,000. Finally, Alyeska Investment Group L.P. purchased a new stake in Zendesk during the third quarter worth about $9,017,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2018/01/07/zendesk-inc-zen-svp-sells-122885-28-in-stock.html.

About Zendesk

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.

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

Receive News & Stock Ratings for Zendesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk and related stocks with our FREE daily email newsletter.