Zendesk, Inc. (ZEN) Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its holdings in Zendesk, Inc. (NYSE:ZEN) by 45.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,659 shares of the software maker’s stock after selling 11,521 shares during the quarter. Keybank National Association OH’s holdings in Zendesk were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in ZEN. Principal Financial Group Inc. raised its holdings in Zendesk by 2.5% in the first quarter. Principal Financial Group Inc. now owns 11,605 shares of the software maker’s stock worth $325,000 after purchasing an additional 283 shares in the last quarter. Teachers Advisors LLC raised its holdings in Zendesk by 6.5% in the first quarter. Teachers Advisors LLC now owns 141,368 shares of the software maker’s stock worth $3,964,000 after purchasing an additional 8,644 shares in the last quarter. Legal & General Group Plc raised its holdings in Zendesk by 7.5% in the first quarter. Legal & General Group Plc now owns 28,772 shares of the software maker’s stock worth $802,000 after purchasing an additional 2,014 shares in the last quarter. BlackRock Inc. raised its holdings in Zendesk by 81,570.3% in the first quarter. BlackRock Inc. now owns 5,702,221 shares of the software maker’s stock worth $159,888,000 after purchasing an additional 5,695,239 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Zendesk by 11.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 331,039 shares of the software maker’s stock worth $9,283,000 after purchasing an additional 34,938 shares in the last quarter. 95.49% of the stock is owned by institutional investors.

In related news, CFO Elena Gomez sold 1,200 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $28.87, for a total transaction of $34,644.00. Following the sale, the chief financial officer now directly owns 3,620 shares of the company’s stock, valued at $104,509.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Caryn Marooney sold 1,693 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $27.35, for a total value of $46,303.55. Following the sale, the director now directly owns 56,061 shares in the company, valued at $1,533,268.35. The disclosure for this sale can be found here. Insiders have sold 143,353 shares of company stock valued at $4,864,239 over the last 90 days. Corporate insiders own 5.30% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Zendesk from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. UBS AG reiterated a “neutral” rating and issued a $38.00 price objective (up previously from $37.00) on shares of Zendesk in a report on Thursday, November 9th. Stifel Nicolaus reiterated a “neutral” rating on shares of Zendesk in a report on Friday, November 3rd. Stephens downgraded Zendesk from an “equal weight” rating to an “underweight” rating and set a $25.00 price objective for the company. in a report on Monday, October 9th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $40.00 price objective (up previously from $32.00) on shares of Zendesk in a report on Thursday, November 2nd. 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 company’s stock. Zendesk presently has an average rating of “Buy” and a consensus target price of $34.13.

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Zendesk, Inc. (ZEN) opened at $34.43 on Friday. Zendesk, Inc. has a twelve month low of $19.77 and a twelve month high of $35.89.

Zendesk (NYSE:ZEN) last issued its quarterly earnings results on Wednesday, November 1st. The software maker reported ($0.02) earnings per share for the quarter, beating the 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 firm had revenue of $112.79 million during the quarter, compared to the consensus estimate of $109.19 million. During the same period last year, the company earned ($0.04) earnings per share. The company’s revenue was up 39.7% on a year-over-year basis. research analysts forecast that Zendesk, Inc. will post -1.03 EPS for the current year.

Zendesk 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.

Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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