Zendesk Inc (NYSE:ZEN) Insider Adrian Mcdermott Sells 929 Shares of Stock

Share on StockTwits

Zendesk Inc (NYSE:ZEN) insider Adrian Mcdermott sold 929 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $89.75, for a total value of $83,377.75. Following the completion of the sale, the insider now owns 81,464 shares in the company, valued at approximately $7,311,394. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, January 17th, Adrian Mcdermott sold 927 shares of Zendesk stock. The stock was sold at an average price of $86.00, for a total value of $79,722.00.
  • On Monday, January 6th, Adrian Mcdermott sold 3,482 shares of Zendesk stock. The stock was sold at an average price of $77.85, for a total value of $271,073.70.
  • On Wednesday, December 18th, Adrian Mcdermott sold 714 shares of Zendesk stock. The stock was sold at an average price of $75.42, for a total value of $53,849.88.

Shares of ZEN stock opened at $86.25 on Friday. Zendesk Inc has a 1-year low of $62.38 and a 1-year high of $94.89. The stock’s 50-day moving average is $85.52 and its 200 day moving average is $77.59. The company has a market cap of $10.01 billion, a P/E ratio of -56.01 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 1.45.

Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Zendesk had a negative return on equity of 26.87% and a negative net margin of 20.78%. The company had revenue of $229.87 million for the quarter, compared to the consensus estimate of $227.61 million. During the same quarter last year, the company earned $0.11 earnings per share. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, analysts anticipate that Zendesk Inc will post -0.74 EPS for the current year.

A number of analysts have weighed in on ZEN shares. Canaccord Genuity increased their target price on Zendesk from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Zacks Investment Research lowered Zendesk from a “buy” rating to a “hold” rating and set a $97.00 price target on the stock. in a research note on Saturday, February 8th. Guggenheim began coverage on Zendesk in a research note on Tuesday, December 17th. They set a “buy” rating and a $90.00 price target on the stock. TheStreet upgraded Zendesk from a “d” rating to a “c-” rating in a research note on Tuesday, October 29th. Finally, Wedbush raised their price target on Zendesk from $93.00 to $97.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $100.76.

Hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC raised its position in Zendesk by 2.6% during the fourth quarter. ProShare Advisors LLC now owns 5,351 shares of the software maker’s stock valued at $410,000 after acquiring an additional 134 shares in the last quarter. Piedmont Investment Advisors Inc. raised its position in Zendesk by 1.9% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 8,307 shares of the software maker’s stock valued at $637,000 after acquiring an additional 152 shares in the last quarter. Mastrapasqua Asset Management Inc. raised its position in Zendesk by 2.2% during the fourth quarter. Mastrapasqua Asset Management Inc. now owns 10,908 shares of the software maker’s stock valued at $836,000 after acquiring an additional 233 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Zendesk by 3.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,072 shares of the software maker’s stock valued at $542,000 after acquiring an additional 241 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Zendesk by 26.6% during the fourth quarter. Bank of Montreal Can now owns 1,299 shares of the software maker’s stock valued at $100,000 after acquiring an additional 273 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors.

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.

Recommended Story: FTSE 100 Index

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

Receive News & Ratings for Zendesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.