Zendesk Inc (ZEN) SVP Sells $440,160.00 in Stock

Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 7,000 shares of the business’s stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $62.88, for a total value of $440,160.00. Following the sale, the senior vice president now directly owns 26,618 shares of the company’s stock, valued at approximately $1,673,739.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, December 12th, John Geschke sold 7,000 shares of Zendesk stock. The shares were sold at an average price of $61.37, for a total value of $429,590.00.
  • On Tuesday, November 13th, John Geschke sold 7,000 shares of Zendesk stock. The shares were sold at an average price of $52.98, for a total value of $370,860.00.
  • On Monday, October 15th, John Geschke sold 5,000 shares of Zendesk stock. The stock was sold at an average price of $60.64, for a total value of $303,200.00.

Shares of NYSE:ZEN traded down $0.51 during trading on Friday, hitting $62.45. The company’s stock had a trading volume of 744,000 shares, compared to its average volume of 1,523,537. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.79 and a current ratio of 1.78. Zendesk Inc has a fifty-two week low of $35.85 and a fifty-two week high of $72.76. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of -60.63 and a beta of 1.61.



Zendesk (NYSE:ZEN) last released its quarterly earnings results on Tuesday, October 30th. The software maker reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.05. Zendesk had a negative return on equity of 26.15% and a negative net margin of 22.64%. The business had revenue of $154.83 million for the quarter, compared to analysts’ expectations of $151.78 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The company’s revenue was up 37.9% compared to the same quarter last year. On average, equities research analysts predict that Zendesk Inc will post -0.92 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Zendesk by 4.2% in the third quarter. Vanguard Group Inc. now owns 8,930,795 shares of the software maker’s stock worth $634,087,000 after acquiring an additional 360,069 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Zendesk by 4.2% in the third quarter. Vanguard Group Inc now owns 8,930,795 shares of the software maker’s stock worth $634,087,000 after acquiring an additional 360,069 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Zendesk by 3.3% in the third quarter. Janus Henderson Group PLC now owns 3,678,304 shares of the software maker’s stock worth $261,160,000 after acquiring an additional 118,127 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Zendesk by 6.1% in the third quarter. Franklin Resources Inc. now owns 3,013,314 shares of the software maker’s stock worth $213,943,000 after acquiring an additional 172,294 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Zendesk by 20.8% in the third quarter. Deutsche Bank AG now owns 2,191,966 shares of the software maker’s stock worth $155,628,000 after acquiring an additional 377,797 shares in the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

A number of research analysts have commented on the company. Zacks Investment Research upgraded Zendesk from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Sunday, January 6th. Wedbush assumed coverage on Zendesk in a research note on Thursday, December 6th. They set an “outperform” rating and a $71.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating and set a $70.00 price objective on shares of Zendesk in a research note on Thursday, November 15th. UBS Group set a $56.00 price objective on Zendesk and gave the stock a “hold” rating in a research note on Wednesday, October 31st. Finally, Deutsche Bank reduced their price objective on Zendesk from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $67.37.

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Zendesk Company Profile

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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