Insider Selling: Zendesk Inc (ZEN) SVP Sells 1,493 Shares of Stock

Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 1,493 shares of Zendesk stock in a transaction on Monday, January 8th. The stock was sold at an average price of $35.17, for a total transaction of $52,508.81. Following the transaction, the senior vice president now owns 13,288 shares in the company, valued at approximately $467,338.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

John Geschke also recently made the following trade(s):

  • On Friday, January 12th, John Geschke sold 5,000 shares of Zendesk stock. The shares were sold at an average price of $37.15, for a total transaction of $185,750.00.
  • On Tuesday, January 16th, John Geschke sold 10,000 shares of Zendesk stock. The stock was sold at an average price of $37.27, for a total transaction of $372,700.00.
  • On Wednesday, January 3rd, John Geschke sold 787 shares of Zendesk stock. The stock was sold at an average price of $35.05, for a total transaction of $27,584.35.
  • On Friday, January 5th, John Geschke sold 3,507 shares of Zendesk stock. The shares were sold at an average price of $35.04, for a total transaction of $122,885.28.
  • On Wednesday, December 13th, John Geschke sold 5,000 shares of Zendesk stock. The stock was sold at an average price of $34.23, for a total transaction of $171,150.00.
  • On Monday, November 13th, John Geschke sold 9,727 shares of Zendesk stock. The stock was sold at an average price of $35.09, for a total transaction of $341,320.43.
  • On Wednesday, November 8th, John Geschke sold 4,800 shares of Zendesk stock. The stock was sold at an average price of $35.46, for a total transaction of $170,208.00.
  • On Thursday, November 2nd, John Geschke sold 30,200 shares of Zendesk stock. The stock was sold at an average price of $34.36, for a total transaction of $1,037,672.00.

Shares of Zendesk Inc (NYSE ZEN) traded up $0.31 during trading on Thursday, reaching $38.83. 767,167 shares of the company’s stock were exchanged, compared to its average volume of 776,562. The firm has a market cap of $3,891.78, a price-to-earnings ratio of -35.07 and a beta of 1.83. Zendesk Inc has a twelve month low of $23.70 and a twelve month high of $39.30.

Zendesk (NYSE:ZEN) last released its quarterly earnings data on Wednesday, November 1st. The software maker reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $112.79 million for the quarter, compared to analyst estimates of $109.19 million. Zendesk had a negative net margin of 27.43% and a negative return on equity of 32.50%. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) earnings per share. analysts expect that Zendesk Inc will post -1.03 EPS for the current fiscal year.

Several brokerages have recently weighed in on ZEN. Stephens cut shares of Zendesk from an “equal weight” rating to an “underweight” rating and set a $25.00 price target for the company. in a research report on Monday, October 9th. Morgan Stanley upped their price target on shares of Zendesk from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, October 23rd. Zacks Investment Research raised shares of Zendesk from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Thursday, October 5th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $40.00 price target (up previously from $32.00) on shares of Zendesk in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $42.00 price target on shares of Zendesk in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Zendesk has an average rating of “Buy” and an average target price of $35.71.

Large investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in Zendesk by 2.0% during the second quarter. FMR LLC now owns 14,844,224 shares of the software maker’s stock valued at $412,372,000 after buying an additional 293,055 shares during the period. BlackRock Inc. grew its position in Zendesk by 54.9% during the second quarter. BlackRock Inc. now owns 8,835,508 shares of the software maker’s stock valued at $245,450,000 after buying an additional 3,133,287 shares during the period. Vanguard Group Inc. grew its position in Zendesk by 10.9% during the second quarter. Vanguard Group Inc. now owns 7,365,549 shares of the software maker’s stock valued at $204,615,000 after buying an additional 721,652 shares during the period. Franklin Resources Inc. grew its position in Zendesk by 1.6% during the second quarter. Franklin Resources Inc. now owns 5,119,444 shares of the software maker’s stock valued at $142,213,000 after buying an additional 79,039 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in Zendesk during the second quarter valued at $137,975,000. Hedge funds and other institutional investors own 94.31% of the company’s stock.

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Zendesk Company Profile

Zendesk, Inc (Zendesk) is a software development company. The Zendesk family of products is built to work together to help organizations understand and manage customer relationships. All Zendesk products share a common interface and are being developed to support a shared services infrastructure and common customer data platform.

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

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