Zendesk Inc (NYSE:ZEN) Insider Adrian Mcdermott Sells 5,226 Shares

Zendesk Inc (NYSE:ZEN) insider Adrian Mcdermott sold 5,226 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $91.26, for a total value of $476,924.76. Following the transaction, the insider now owns 86,690 shares in the company, valued at approximately $7,911,329.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Adrian Mcdermott also recently made the following trade(s):

  • On Wednesday, June 19th, Adrian Mcdermott sold 714 shares of Zendesk stock. The stock was sold at an average price of $88.42, for a total value of $63,131.88.
  • On Thursday, June 6th, Adrian Mcdermott sold 5,226 shares of Zendesk stock. The stock was sold at an average price of $83.14, for a total value of $434,489.64.
  • On Thursday, May 16th, Adrian Mcdermott sold 446 shares of Zendesk stock. The stock was sold at an average price of $87.09, for a total value of $38,842.14.
  • On Monday, May 6th, Adrian Mcdermott sold 6,213 shares of Zendesk stock. The stock was sold at an average price of $85.11, for a total value of $528,788.43.

NYSE ZEN opened at $93.70 on Friday. The stock has a market capitalization of $10.28 billion, a P/E ratio of -98.63 and a beta of 1.52. The firm has a 50 day moving average price of $88.54. Zendesk Inc has a 1-year low of $45.60 and a 1-year high of $94.89. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54.

Zendesk (NYSE:ZEN) last released its earnings results on Tuesday, April 30th. The software maker reported ($0.28) earnings per share for the quarter, meeting the consensus estimate of ($0.28). The business had revenue of $181.48 million for the quarter, compared to the consensus estimate of $179.53 million. Zendesk had a negative return on equity of 25.37% and a negative net margin of 22.52%. The business’s quarterly revenue was up 39.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 earnings per share. Research analysts forecast that Zendesk Inc will post -1.07 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZEN. NumerixS Investment Technologies Inc acquired a new stake in shares of Zendesk in the fourth quarter valued at approximately $212,000. FIL Ltd increased its holdings in shares of Zendesk by 198.6% in the first quarter. FIL Ltd now owns 350,124 shares of the software maker’s stock valued at $29,761,000 after purchasing an additional 232,866 shares during the last quarter. Alphasimplex Group LLC acquired a new stake in shares of Zendesk in the first quarter valued at approximately $1,000,000. TradeLink Capital LLC acquired a new stake in shares of Zendesk in the first quarter valued at approximately $374,000. Finally, Calamos Wealth Management LLC increased its holdings in shares of Zendesk by 1,090.6% in the first quarter. Calamos Wealth Management LLC now owns 49,994 shares of the software maker’s stock valued at $4,249,000 after purchasing an additional 45,795 shares during the last quarter. Institutional investors and hedge funds own 97.45% of the company’s stock.

A number of equities analysts have issued reports on the company. Jefferies Financial Group increased their price target on EXACT Sciences from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Goldman Sachs Group assumed coverage on HubSpot in a research report on Friday, June 7th. They set a “buy” rating and a $223.00 price target on the stock. Canaccord Genuity increased their price target on TELUS from C$51.00 to C$52.00 in a research report on Wednesday, May 1st. Morgan Stanley increased their price target on Zendesk from $97.00 to $102.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Deutsche Bank increased their price target on Welltower from $61.00 to $71.00 and gave the stock a “hold” rating in a research report on Friday, March 29th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Zendesk currently has an average rating of “Buy” and a consensus target price of $92.14.

Zendesk Company Profile

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

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