Traders Buy Shares of Zendesk (ZEN) on Weakness

Traders bought shares of Zendesk Inc (NYSE:ZEN) on weakness during trading hours on Tuesday. $73.47 million flowed into the stock on the tick-up and $43.12 million flowed out of the stock on the tick-down, for a money net flow of $30.35 million into the stock. Of all companies tracked, Zendesk had the 12th highest net in-flow for the day. Zendesk traded down ($0.43) for the day and closed at $53.76

Several analysts recently commented on ZEN shares. Jefferies Financial Group started coverage on Zendesk in a research report on Monday, October 1st. They set a “buy” rating and a $82.00 price target for the company. Bank of America boosted their price target on Zendesk from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, July 23rd. Deutsche Bank started coverage on Zendesk in a research report on Monday, October 8th. They set a “buy” rating and a $85.00 price target for the company. Stifel Nicolaus boosted their price target on Zendesk from $50.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Finally, KeyCorp boosted their price target on Zendesk from $58.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 1st. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Zendesk has an average rating of “Buy” and an average price target of $64.82.

The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $5.90 billion, a P/E ratio of -52.19 and a beta of 1.61.



Zendesk (NYSE:ZEN) last released its quarterly earnings data on Tuesday, July 31st. The software maker reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.29. The company had revenue of $141.88 million for the quarter, compared to analyst estimates of $137.96 million. Zendesk had a negative return on equity of 28.60% and a negative net margin of 23.24%. As a group, analysts expect that Zendesk Inc will post -0.95 EPS for the current fiscal year.

In other Zendesk news, SVP John Geschke sold 7,666 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $61.99, for a total transaction of $475,215.34. Following the transaction, the senior vice president now owns 17,119 shares of the company’s stock, valued at $1,061,206.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adrian Mcdermott sold 1,811 shares of the business’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $62.10, for a total value of $112,463.10. Following the transaction, the insider now directly owns 80,267 shares in the company, valued at approximately $4,984,580.70. The disclosure for this sale can be found here. Insiders have sold 117,704 shares of company stock worth $7,476,072 in the last three months. 4.70% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC boosted its stake in Zendesk by 2,509.9% during the second quarter. Catalyst Capital Advisors LLC now owns 2,114 shares of the software maker’s stock worth $115,000 after buying an additional 2,033 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Zendesk during the second quarter worth $180,000. Cerebellum GP LLC acquired a new position in Zendesk during the second quarter worth $182,000. Tower Research Capital LLC TRC acquired a new position in Zendesk during the second quarter worth $193,000. Finally, BB&T Securities LLC acquired a new position in shares of Zendesk in the 2nd quarter valued at $200,000. 91.96% of the stock is currently owned by institutional investors.

Zendesk Company Profile (NYSE:ZEN)

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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