Zendesk Inc (ZEN) Insider Sells $41,955.23 in Stock

Zendesk Inc (NYSE:ZEN) insider Jeffrey J. Titterton sold 503 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $83.41, for a total value of $41,955.23. Following the sale, the insider now directly owns 14,093 shares in the company, valued at approximately $1,175,497.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Zendesk stock traded up $0.02 during mid-day trading on Monday, reaching $83.22. The company had a trading volume of 1,435,100 shares, compared to its average volume of 1,838,160. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.10. Zendesk Inc has a 1 year low of $45.60 and a 1 year high of $86.85. The stock has a market cap of $9.13 billion, a PE ratio of -87.60 and a beta of 1.66.

Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Tuesday, February 5th. The software maker reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.38. Zendesk had a negative net margin of 21.89% and a negative return on equity of 24.19%. The business had revenue of $172.25 million during the quarter, compared to analysts’ expectations of $165.56 million. During the same period last year, the company posted ($0.01) EPS. The company’s revenue was up 41.3% on a year-over-year basis. On average, sell-side analysts forecast that Zendesk Inc will post -0.96 EPS for the current fiscal year.

ZEN has been the topic of several research reports. Zacks Investment Research raised Zendesk from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Sunday, January 6th. Jefferies Financial Group increased their target price on shares of Zendesk to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Bank of America increased their target price on shares of Zendesk from $68.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Craig Hallum increased their target price on shares of Zendesk from $68.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Finally, Canaccord Genuity increased their target price on shares of Zendesk from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.14.

Several institutional investors and hedge funds have recently modified their holdings of the company. FIL Ltd purchased a new stake in Zendesk in the 3rd quarter worth approximately $87,586,000. Alliancebernstein L.P. boosted its holdings in shares of Zendesk by 683.9% in the 3rd quarter. Alliancebernstein L.P. now owns 1,070,764 shares of the software maker’s stock valued at $76,024,000 after purchasing an additional 934,164 shares during the last quarter. Norges Bank acquired a new position in shares of Zendesk in the 4th quarter valued at $54,056,000. Westfield Capital Management Co. LP boosted its holdings in shares of Zendesk by 97.9% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,498,026 shares of the software maker’s stock valued at $87,440,000 after purchasing an additional 741,013 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in shares of Zendesk by 389.1% in the 4th quarter. Macquarie Group Ltd. now owns 863,145 shares of the software maker’s stock valued at $50,382,000 after purchasing an additional 686,660 shares during the last quarter. 96.55% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This piece was published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.baseballdailydigest.com/news/2019/04/15/zendesk-inc-zen-insider-sells-41955-23-in-stock.html.

About Zendesk

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.

Featured Story: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.