Zendesk Inc (NYSE:ZEN) Stock Holdings Reduced by Potrero Capital Research LLC

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Potrero Capital Research LLC decreased its position in Zendesk Inc (NYSE:ZEN) by 22.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,857 shares of the software maker’s stock after selling 17,633 shares during the period. Zendesk comprises approximately 3.1% of Potrero Capital Research LLC’s portfolio, making the stock its 8th biggest holding. Potrero Capital Research LLC owned 0.06% of Zendesk worth $5,507,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC raised its holdings in Zendesk by 50.0% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 600 shares of the software maker’s stock valued at $56,000 after acquiring an additional 200 shares during the period. Advisory Services Network LLC bought a new position in shares of Zendesk in the second quarter worth $80,000. FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in shares of Zendesk in the second quarter worth $89,000. Focused Wealth Management Inc bought a new position in shares of Zendesk in the second quarter worth $127,000. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of Zendesk by 30.7% in the second quarter. Flagship Harbor Advisors LLC now owns 1,713 shares of the software maker’s stock worth $152,000 after purchasing an additional 402 shares during the period. Institutional investors and hedge funds own 92.77% of the company’s stock.

NYSE ZEN traded down $0.05 during trading on Friday, hitting $77.31. 473,341 shares of the company’s stock traded hands, compared to its average volume of 1,436,260. The stock has a fifty day moving average of $78.12 and a two-hundred day moving average of $84.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.67 and a quick ratio of 0.67. Zendesk Inc has a 12-month low of $45.60 and a 12-month high of $94.89. The firm has a market cap of $8.51 billion, a P/E ratio of -81.38 and a beta of 1.31.

Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.33. Zendesk had a negative net margin of 23.70% and a negative return on equity of 27.44%. The business had revenue of $194.58 million during the quarter, compared to analyst estimates of $192.47 million. During the same period in the prior year, the business posted $0.03 earnings per share. The company’s revenue was up 37.1% on a year-over-year basis. As a group, analysts expect that Zendesk Inc will post -1.1 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the stock. UBS Group set a $98.00 price target on shares of Zendesk and gave the stock a “hold” rating in a report on Wednesday, July 31st. Canaccord Genuity upped their price target on shares of Zendesk from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus set a $92.00 price target on shares of Zendesk and gave the stock a “hold” rating in a report on Wednesday, July 31st. Jefferies Financial Group upped their price target on shares of Zendesk from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Goldman Sachs Group initiated coverage on shares of Zendesk in a report on Friday, June 7th. They issued a “buy” rating and a $105.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Zendesk currently has a consensus rating of “Buy” and an average price target of $98.09.

In other news, CEO Mikkel Svane sold 100,000 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $77.04, for a total transaction of $7,704,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,228,532 shares in the company, valued at $94,646,105.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adrian Mcdermott sold 3,484 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $78.96, for a total transaction of $275,096.64. Following the sale, the insider now owns 84,948 shares of the company’s stock, valued at $6,707,494.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 250,411 shares of company stock valued at $19,569,287. 4.60% of the stock is currently owned by company insiders.

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, 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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Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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