John Geschke Sells 787 Shares of Zendesk Inc (ZEN) Stock

Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 787 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $35.05, for a total transaction of $27,584.35. Following the completion of the transaction, the senior vice president now owns 12,582 shares in the company, valued at $440,999.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $34.36, for a total transaction of $1,037,672.00.

Zendesk Inc (ZEN) traded up $0.12 during trading on Friday, hitting $34.97. 489,064 shares of the stock were exchanged, compared to its average volume of 627,411. The stock has a market cap of $3,550.00, a P/E ratio of -31.79 and a beta of 1.83. Zendesk Inc has a twelve month low of $22.18 and a twelve month high of $35.89.

Zendesk (NYSE:ZEN) last released its quarterly earnings results on Wednesday, November 1st. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The business had revenue of $112.79 million for the quarter, compared to the consensus estimate 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 revenue was up 39.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) EPS. analysts anticipate that Zendesk Inc will post -1.03 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Zendesk by 77.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,110,503 shares of the software maker’s stock worth $58,629,000 after buying an additional 923,875 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Zendesk during the 3rd quarter worth approximately $9,017,000. Teachers Advisors LLC increased its stake in Zendesk by 24.5% during the 2nd quarter. Teachers Advisors LLC now owns 175,967 shares of the software maker’s stock worth $4,888,000 after buying an additional 34,599 shares during the period. BlackRock Inc. increased its stake in Zendesk by 54.9% during the 2nd quarter. BlackRock Inc. now owns 8,835,508 shares of the software maker’s stock worth $245,450,000 after buying an additional 3,133,287 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Zendesk by 3.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,969,553 shares of the software maker’s stock worth $54,714,000 after buying an additional 58,040 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

ZEN has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $35.00 target price on shares of Zendesk in a report on Wednesday, October 18th. Zacks Investment Research lowered shares of Zendesk from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Wells Fargo & Co reiterated an “outperform” rating and issued a $40.00 target price (up from $32.00) on shares of Zendesk in a report on Thursday, November 2nd. Stephens lowered shares of Zendesk from an “equal weight” rating to an “underweight” rating and set a $25.00 target price on the stock. in a report on Monday, October 9th. Finally, ValuEngine upgraded shares of Zendesk from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. Zendesk presently has a consensus rating of “Buy” and a consensus 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.

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