Zendesk Inc. (NYSE:ZEN) Director Caryn Marooney sold 1,693 shares of the stock in a transaction on Friday, September 30th. The shares were sold at an average price of $30.41, for a total transaction of $51,484.13. Following the completion of the transaction, the director now owns 26,603 shares of the company’s stock, valued at approximately $808,997.23. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Caryn Marooney also recently made the following trade(s):
- On Tuesday, August 30th, Caryn Marooney sold 1,693 shares of Zendesk stock. The stock was sold at an average price of $31.19, for a total transaction of $52,804.67.
- On Wednesday, August 10th, Caryn Marooney sold 32,033 shares of Zendesk stock. The stock was sold at an average price of $30.09, for a total transaction of $963,872.97.
Zendesk Inc. (NYSE:ZEN) opened at 29.71 on Friday. The company’s 50-day moving average is $30.54 and its 200 day moving average is $26.65. The company’s market cap is $2.79 billion. Zendesk Inc. has a 1-year low of $14.39 and a 1-year high of $31.88.
Zendesk (NYSE:ZEN) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. Zendesk had a negative net margin of 37.10% and a negative return on equity of 30.61%. The business earned $74.20 million during the quarter, compared to analysts’ expectations of $72.34 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. Zendesk’s revenue was up 53.9% compared to the same quarter last year. On average, equities analysts predict that Zendesk Inc. will post ($0.04) EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Essex Investment Management Co. LLC boosted its stake in Zendesk by 649.4% in the second quarter. Essex Investment Management Co. LLC now owns 119,346 shares of the company’s stock valued at $3,148,000 after buying an additional 103,421 shares in the last quarter. Strs Ohio boosted its stake in Zendesk by 121.3% in the second quarter. Strs Ohio now owns 46,700 shares of the company’s stock valued at $1,231,000 after buying an additional 25,600 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Zendesk during the second quarter valued at $346,000. Hamilton Lane Advisors LLC boosted its stake in Zendesk by 39.8% in the second quarter. Hamilton Lane Advisors LLC now owns 80,763 shares of the company’s stock valued at $1,978,000 after buying an additional 22,983 shares in the last quarter. Finally, Thrax Management LLC boosted its stake in Zendesk by 38.7% in the first quarter. Thrax Management LLC now owns 549,550 shares of the company’s stock valued at $11,502,000 after buying an additional 153,336 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on ZEN. Morgan Stanley reiterated a “buy” rating on shares of Zendesk in a research report on Sunday, July 17th. Summit Redstone began coverage on shares of Zendesk in a research report on Monday, July 18th. They set a “buy” rating and a $34.00 target price for the company. Zacks Investment Research cut shares of Zendesk from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Piper Jaffray Cos. reiterated an “overweight” rating and set a $35.00 target price on shares of Zendesk in a research report on Wednesday, August 3rd. Finally, Stifel Nicolaus began coverage on shares of Zendesk in a research report on Monday, July 18th. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Zendesk presently has an average rating of “Buy” and a consensus price target of $32.73.
Zendesk Company Profile
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.
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