Zendesk Inc (ZEN) SVP John Geschke Sells 2,500 Shares of Stock

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.



Zendesk (NYSE:ZEN) last released its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.38. Zendesk had a negative return on equity of 24.19% and a negative net margin of 21.89%. The company had revenue of $172.25 million for the quarter, compared to analyst estimates of $165.56 million. During the same period in the previous year, the company posted ($0.01) earnings per share. The firm’s revenue was up 41.3% on a year-over-year basis. On average, research analysts anticipate that Zendesk Inc will post -0.96 earnings per share for the current year.

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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