John T. Keiser Sells 4,467 Shares of Zendesk Inc (ZEN) Stock

Zendesk Inc (NYSE:ZEN) COO John T. Keiser sold 4,467 shares of the business’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $60.00, for a total transaction of $268,020.00. Following the sale, the chief operating officer now directly owns 27,013 shares in the company, valued at $1,620,780. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of ZEN stock opened at $59.43 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.79 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $6.36 billion, a PE ratio of -57.70 and a beta of 1.84. Zendesk Inc has a 52-week low of $31.90 and a 52-week high of $72.76.

Zendesk (NYSE:ZEN) last issued its earnings results on Tuesday, October 30th. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. The company had revenue of $154.83 million for the quarter, compared to analysts’ expectations of $151.78 million. Zendesk had a negative net margin of 22.64% and a negative return on equity of 26.15%. Zendesk’s quarterly revenue was up 37.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) EPS. As a group, equities analysts forecast that Zendesk Inc will post -0.92 earnings per share for the current year.

ZEN has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on shares of Zendesk in a research report on Monday, October 1st. They set a “buy” rating and a $82.00 price target on the stock. Morgan Stanley boosted their price target on shares of Zendesk from $72.00 to $84.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 18th. Deutsche Bank initiated coverage on shares of Zendesk in a research report on Monday, October 8th. They set a “buy” rating and a $85.00 price target on the stock. Evercore ISI reissued a “buy” rating and set a $70.00 price target on shares of Zendesk in a research report on Sunday, August 5th. Finally, UBS Group set a $56.00 price target on shares of Zendesk and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $65.83.

Several hedge funds have recently modified their holdings of ZEN. Catalyst Capital Advisors LLC raised its holdings in shares of Zendesk by 2,509.9% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 2,114 shares of the software maker’s stock valued at $115,000 after purchasing an additional 2,033 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Zendesk by 79.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,086 shares of the software maker’s stock valued at $145,000 after purchasing an additional 926 shares during the period. Rehmann Capital Advisory Group raised its holdings in shares of Zendesk by 7,000.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 10,650 shares of the software maker’s stock valued at $150,000 after purchasing an additional 10,500 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in shares of Zendesk by 211.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,242 shares of the software maker’s stock valued at $159,000 after purchasing an additional 1,523 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in shares of Zendesk in the 2nd quarter valued at about $180,000. 91.59% of the stock is currently owned by institutional investors.

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About Zendesk

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.

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Insider Buying and Selling by Quarter for Zendesk (NYSE:ZEN)

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