Zendesk Inc (NYSE:ZEN) SVP John Geschke sold 2,500 shares of Zendesk stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $82.02, for a total value of $205,050.00. Following the completion of the transaction, the senior vice president now directly owns 21,353 shares in the company, valued at $1,751,373.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
John Geschke also recently made the following trade(s):
- On Thursday, January 10th, John Geschke sold 7,000 shares of Zendesk stock. The stock was sold at an average price of $62.88, for a total value of $440,160.00.
Shares of NYSE ZEN traded down $0.36 during mid-day trading on Friday, hitting $82.60. 1,955,086 shares of the stock traded hands, compared to its average volume of 2,045,276. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.10. Zendesk Inc has a 52 week low of $44.42 and a 52 week high of $83.83. The firm has a market capitalization of $8.99 billion, a PE ratio of -86.95 and a beta of 1.66.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZEN. Prudential Financial Inc. increased its holdings in Zendesk by 2.8% in the 4th quarter. Prudential Financial Inc. now owns 5,450 shares of the software maker’s stock worth $318,000 after acquiring an additional 150 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Zendesk by 3.9% during the fourth quarter. WINTON GROUP Ltd now owns 4,504 shares of the software maker’s stock worth $263,000 after buying an additional 168 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Zendesk by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 13,003 shares of the software maker’s stock worth $758,000 after buying an additional 252 shares during the period. Flinton Capital Management LLC acquired a new stake in shares of Zendesk during the fourth quarter worth about $30,000. Finally, Intercontinental Wealth Advisors LLC acquired a new stake in shares of Zendesk during the fourth quarter worth about $34,000. Institutional investors own 95.69% of the company’s stock.
A number of equities analysts have commented on ZEN shares. KeyCorp reaffirmed a “buy” rating on shares of Zendesk in a research note on Tuesday, February 5th. Wedbush began coverage on Zendesk in a research note on Thursday, December 6th. They set an “outperform” rating and a $71.00 target price on the stock. Bank of America boosted their target price on Zendesk from $68.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Royal Bank of Canada boosted their target price on Zendesk to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Finally, Cowen boosted their target price on Zendesk from $72.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $77.44.
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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, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.
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