Zendesk Inc. (NYSE:ZEN) SVP Adrian Mcdermott sold 5,552 shares of Zendesk stock in a transaction on Monday, July 25th. The shares were sold at an average price of $28.08, for a total value of $155,900.16. Following the completion of the transaction, the senior vice president now owns 90,395 shares in the company, valued at approximately $2,538,291.60. The sale 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 Wednesday, July 20th, Adrian Mcdermott sold 1,245 shares of Zendesk stock. The shares were sold at an average price of $28.24, for a total value of $35,158.80.
- On Wednesday, July 13th, Adrian Mcdermott sold 71,945 shares of Zendesk stock. The shares were sold at an average price of $29.31, for a total value of $2,108,707.95.
Shares of Zendesk Inc. (NYSE:ZEN) remained flat at $28.05 during mid-day trading on Wednesday. 697,842 shares of the stock were exchanged. The stock’s market capitalization is $2.57 billion. Zendesk Inc. has a 52-week low of $14.39 and a 52-week high of $29.76. The firm has a 50-day moving average price of $27.47 and a 200-day moving average price of $22.94.
Several institutional investors recently bought and sold shares of ZEN. California State Teachers Retirement System increased its position in Zendesk by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 99,604 shares of the company’s stock worth $2,634,000 after buying an additional 1,553 shares during the period. Russell Frank Co acquired a new stake in shares of Zendesk during the fourth quarter worth about $2,094,000. First Trust Advisors LP acquired a new stake in shares of Zendesk during the fourth quarter worth about $1,695,000. Finally, Rhumbline Advisers boosted its stake in shares of Zendesk by 11.6% in the fourth quarter. Rhumbline Advisers now owns 52,413 shares of the company’s stock worth $1,386,000 after buying an additional 5,445 shares in the last quarter.
ZEN has been the topic of a number of research analyst reports. Zacks Investment Research cut Zendesk from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $29.00 target price (up previously from $23.00) on shares of Zendesk in a report on Tuesday, April 19th. Canaccord Genuity reiterated a “buy” rating on shares of Zendesk in a report on Friday, June 10th. Piper Jaffray Cos. initiated coverage on Zendesk in a report on Tuesday, May 31st. They issued an “overweight” rating and a $35.00 target price on the stock. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $28.00 target price (up previously from $25.00) on shares of Zendesk in a report on Friday, May 6th. One analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $31.06.
Zendesk, Inc is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company also provides SaaS live chat software that can be utilized independently to facilitate communications between organizations and their customers.
