Zendesk, Inc. (NYSE:ZEN) Insider Norman Gennaro Sells 1,000 Shares of Stock


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Zendesk, Inc. (NYSE:ZEN) insider Norman Gennaro sold 1,000 shares of the business’s stock in a transaction dated Monday, January 11th. The shares were sold at an average price of $147.94, for a total transaction of $147,940.00. Following the completion of the transaction, the insider now owns 24,583 shares in the company, valued at $3,636,809.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Wednesday, November 11th, Norman Gennaro sold 1,000 shares of Zendesk stock. The shares were sold at an average price of $122.15, for a total transaction of $122,150.00.

Zendesk stock opened at $147.11 on Thursday. The firm has a market cap of $17.16 billion, a PE ratio of -93.70 and a beta of 1.27. Zendesk, Inc. has a 52-week low of $50.23 and a 52-week high of $154.24. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 2.54. The company’s 50 day moving average is $139.99 and its two-hundred day moving average is $110.87.

Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Thursday, October 29th. The software maker reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.06. Zendesk had a negative net margin of 19.24% and a negative return on equity of 22.55%. The company had revenue of $261.93 million for the quarter, compared to the consensus estimate of $253.77 million. During the same period in the prior year, the firm posted $0.12 EPS. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. On average, equities research analysts anticipate that Zendesk, Inc. will post -0.68 earnings per share for the current fiscal year.

Several equities analysts have weighed in on ZEN shares. JMP Securities boosted their target price on shares of Zendesk from $125.00 to $143.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Royal Bank of Canada upped their price objective on shares of Zendesk from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 13th. They noted that the move was a valuation call. ValuEngine lowered shares of Zendesk from a “buy” rating to a “hold” rating in a report on Tuesday, December 1st. Stifel Nicolaus upgraded shares of Zendesk from a “hold” rating to a “buy” rating and upped their price objective for the stock from $90.00 to $145.00 in a report on Friday, October 30th. Finally, Zacks Investment Research upgraded shares of Zendesk from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a report on Friday, December 4th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Zendesk has an average rating of “Buy” and an average price target of $122.44.

Several large investors have recently made changes to their positions in ZEN. American International Group Inc. increased its position in shares of Zendesk by 21.7% in the 2nd quarter. American International Group Inc. now owns 3,092 shares of the software maker’s stock valued at $274,000 after purchasing an additional 552 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of Zendesk by 33.3% in the 2nd quarter. First Republic Investment Management Inc. now owns 7,073 shares of the software maker’s stock valued at $626,000 after purchasing an additional 1,768 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of Zendesk by 346.2% in the 2nd quarter. Glenmede Trust Co. NA now owns 937 shares of the software maker’s stock valued at $82,000 after purchasing an additional 727 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Zendesk in the 2nd quarter valued at approximately $38,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Zendesk in the 2nd quarter valued at approximately $98,000. 97.39% of the stock is currently owned by institutional investors.

Zendesk Company Profile

Zendesk, Inc, a software development company, provides software as a service solutions for organizations in North America, Latin America, Europe, the Middle East, Africa, Australia, and the Asia Pacific. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels.

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