Insider Selling: Zendesk Inc (ZEN) SVP Sells $27,584.35 in Stock

Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 787 shares of Zendesk stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $35.05, for a total value of $27,584.35. Following the completion of the sale, the senior vice president now owns 12,582 shares of the company’s stock, valued at $440,999.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, January 5th, John Geschke sold 3,507 shares of Zendesk stock. The stock was sold at an average price of $35.04, for a total value 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 value 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 value 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 value 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 value of $1,037,672.00.

Zendesk Inc (NYSE ZEN) opened at $34.97 on Monday. Zendesk Inc has a 1-year low of $22.18 and a 1-year high of $35.89.

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, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Zendesk had a negative return on equity of 32.50% and a negative net margin of 27.43%. The business had revenue of $112.79 million for the quarter, compared to analysts’ expectations of $109.19 million. During the same quarter in the previous year, the business posted ($0.04) EPS. Zendesk’s revenue for the quarter was up 39.7% on a year-over-year basis. equities analysts expect that Zendesk Inc will post -1.03 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Zendesk by 8.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,998 shares of the software maker’s stock valued at $111,000 after purchasing an additional 323 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Zendesk by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock valued at $108,000 after purchasing an additional 352 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Zendesk by 3.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 31,429 shares of the software maker’s stock valued at $873,000 after purchasing an additional 950 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of Zendesk by 44.3% during the 2nd quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock valued at $103,000 after purchasing an additional 1,137 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Zendesk by 21.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,533 shares of the software maker’s stock valued at $237,000 after purchasing an additional 1,521 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

A number of brokerages recently commented on ZEN. Royal Bank of Canada reiterated a “buy” rating and issued a $35.00 price objective on shares of Zendesk in a research report on Wednesday, October 18th. ValuEngine lowered Zendesk from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Canaccord Genuity boosted their target price on Zendesk from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Morgan Stanley boosted their target price on Zendesk from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, November 2nd. Finally, Stifel Nicolaus restated a “neutral” rating on shares of Zendesk in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. Zendesk currently has a consensus rating of “Buy” and an average price target of $34.13.

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About Zendesk

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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