3,376 Shares in Zendesk, Inc. (NYSE:ZEN) Acquired by Parametrica Management Ltd

Parametrica Management Ltd purchased a new position in shares of Zendesk, Inc. (NYSE:ZENGet Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,376 shares of the software maker’s stock, valued at approximately $406,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in Zendesk during the fourth quarter worth approximately $26,000. Prospera Financial Services Inc purchased a new stake in Zendesk during the first quarter worth approximately $33,000. Capital Advisory Group Advisory Services LLC purchased a new stake in Zendesk during the first quarter worth approximately $34,000. William Allan LLC purchased a new stake in shares of Zendesk during the fourth quarter valued at approximately $38,000. Finally, Allworth Financial LP lifted its position in shares of Zendesk by 59.3% during the first quarter. Allworth Financial LP now owns 325 shares of the software maker’s stock worth $39,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ZEN. Piper Sandler lowered their price target on shares of Zendesk from $140.00 to $77.50 and set a “neutral” rating for the company in a report on Monday, July 18th. Jefferies Financial Group dropped their target price on Zendesk from $120.00 to $110.00 in a research report on Monday, May 23rd. William Blair downgraded Zendesk from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 26th. JMP Securities downgraded Zendesk from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 26th. Finally, Cowen reduced their target price on Zendesk to $77.50 in a research note on Monday, July 4th. Fifteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Zendesk currently has an average rating of “Hold” and a consensus target price of $95.69.

Insider Buying and Selling at Zendesk

In other news, COO Jeffrey J. Titterton sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $75.25, for a total transaction of $2,257,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO Jeffrey J. Titterton sold 30,000 shares of Zendesk stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $75.25, for a total transaction of $2,257,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mikkel Svane sold 101,930 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $75.28, for a total value of $7,673,290.40. Following the completion of the transaction, the chief executive officer now directly owns 751,983 shares of the company’s stock, valued at $56,609,280.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,172 shares of company stock worth $11,008,626. 2.92% of the stock is owned by insiders.

Zendesk Stock Performance

ZEN opened at $76.51 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.48. The company’s 50-day moving average price is $72.05 and its 200 day moving average price is $98.10. Zendesk, Inc. has a fifty-two week low of $54.16 and a fifty-two week high of $136.30.

Zendesk (NYSE:ZENGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The software maker reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Zendesk had a negative return on equity of 42.82% and a negative net margin of 18.33%. The business had revenue of $407.21 million for the quarter, compared to analysts’ expectations of $404.68 million. During the same period in the prior year, the firm earned ($0.35) EPS. The business’s quarterly revenue was up 28.0% on a year-over-year basis. Equities research analysts predict that Zendesk, Inc. will post -0.99 EPS for the current fiscal year.

Zendesk Profile

(Get Rating)

Zendesk, Inc, a software development company, provides software as a service solutions for organizations in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels.

Further Reading

Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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