Insider Selling: Zendesk (ZEN) Insider Sells $50,325.00 in Stock

Zendesk (NYSE:ZEN) insider Adrian Mcdermott sold 915 shares of Zendesk stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $55.00, for a total transaction of $50,325.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, May 8th, Adrian Mcdermott sold 1,081 shares of Zendesk stock. The shares were sold at an average price of $53.79, for a total transaction of $58,146.99.
  • On Thursday, April 19th, Adrian Mcdermott sold 1,425 shares of Zendesk stock. The shares were sold at an average price of $50.16, for a total transaction of $71,478.00.
  • On Tuesday, March 20th, Adrian Mcdermott sold 1,425 shares of Zendesk stock. The stock was sold at an average price of $46.04, for a total transaction of $65,607.00.
  • On Wednesday, February 28th, Adrian Mcdermott sold 40,000 shares of Zendesk stock. The stock was sold at an average price of $43.54, for a total transaction of $1,741,600.00.
  • On Wednesday, February 21st, Adrian Mcdermott sold 1,425 shares of Zendesk stock. The stock was sold at an average price of $43.00, for a total transaction of $61,275.00.

Shares of Zendesk traded up $1.23, hitting $56.34, during trading on Friday, Marketbeat Ratings reports. 1,010,983 shares of the stock were exchanged, compared to its average volume of 1,548,303. The stock has a market cap of $5.89 billion, a P/E ratio of -54.70 and a beta of 1.51. Zendesk has a 12-month low of $24.49 and a 12-month high of $57.31. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 1.10.

Zendesk (NYSE:ZEN) last released its quarterly earnings data on Tuesday, May 1st. The software maker reported ($0.24) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.05. The business had revenue of $129.79 million during the quarter, compared to analysts’ expectations of $126.76 million. Zendesk had a negative net margin of 24.18% and a negative return on equity of 30.37%. sell-side analysts forecast that Zendesk will post -0.97 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in shares of Zendesk during the 4th quarter worth $132,000. Pendal Group Ltd purchased a new stake in shares of Zendesk during the 1st quarter worth $188,000. Aperio Group LLC purchased a new stake in shares of Zendesk during the 1st quarter worth $215,000. Zeke Capital Advisors LLC purchased a new stake in shares of Zendesk during the 1st quarter worth $263,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Zendesk by 47.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock worth $194,000 after purchasing an additional 1,836 shares during the last quarter. 89.75% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on ZEN. ValuEngine upgraded shares of Zendesk from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Piper Jaffray restated a “buy” rating and issued a $42.00 price target on shares of Zendesk in a research note on Tuesday, January 23rd. Bank of America boosted their price target on shares of Zendesk from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Morgan Stanley boosted their price target on shares of Zendesk from $48.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded shares of Zendesk from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Sunday, January 21st. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $48.13.

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, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.

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

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