Norman Gennaro Sells 753 Shares of Zendesk Inc (ZEN) Stock

Zendesk Inc (NYSE:ZEN) SVP Norman Gennaro sold 753 shares of Zendesk stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $82.01, for a total value of $61,753.53. Following the completion of the sale, the senior vice president now owns 12,309 shares of the company’s stock, valued at $1,009,461.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Norman Gennaro also recently made the following trade(s):

  • On Tuesday, March 19th, Norman Gennaro sold 753 shares of Zendesk stock. The stock was sold at an average price of $83.41, for a total value of $62,807.73.
  • On Wednesday, February 20th, Norman Gennaro sold 752 shares of Zendesk stock. The stock was sold at an average price of $78.06, for a total value of $58,701.12.
  • On Monday, February 11th, Norman Gennaro sold 6,820 shares of Zendesk stock. The stock was sold at an average price of $77.00, for a total value of $525,140.00.

ZEN stock opened at $80.90 on Friday. Zendesk Inc has a twelve month low of $45.60 and a twelve month high of $86.85. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market cap of $8.84 billion, a PE ratio of -85.16 and a beta of 1.66.

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

Hedge funds have recently bought and sold shares of the company. Sageworth Trust Co purchased a new position in shares of Zendesk during the 1st quarter valued at about $42,000. Flinton Capital Management LLC purchased a new position in shares of Zendesk during the 4th quarter valued at about $30,000. Intercontinental Wealth Advisors LLC purchased a new position in shares of Zendesk during the 4th quarter valued at about $34,000. Sonora Investment Management LLC purchased a new position in shares of Zendesk during the 1st quarter valued at about $51,000. Finally, Ipswich Investment Management Co. Inc. purchased a new position in shares of Zendesk during the 4th quarter valued at about $41,000. 96.55% of the stock is currently owned by hedge funds and other institutional investors.

ZEN has been the subject of a number of recent research reports. Oppenheimer initiated coverage on Zendesk in a research note on Thursday, January 24th. They set a “market perform” rating and a $71.70 price target for the company. Wedbush cut their price target on Zendesk from $75.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, February 4th. KeyCorp restated a “buy” rating on shares of Zendesk in a research note on Tuesday, February 5th. Royal Bank of Canada boosted their price target on Zendesk to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Finally, Wells Fargo & Co boosted their price target on Zendesk from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.99.

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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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