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.
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.
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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.
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