Insider Selling: Zendesk Inc (NYSE:ZEN) Insider Sells $65,659.44 in Stock

Zendesk Inc (NYSE:ZEN) insider Adrian Mcdermott sold 714 shares of Zendesk stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $91.96, for a total value of $65,659.44. Following the completion of the transaction, the insider now owns 81,464 shares of the company’s stock, valued at approximately $7,491,429.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Adrian Mcdermott also recently made the following trade(s):

  • On Monday, July 8th, Adrian Mcdermott sold 5,226 shares of Zendesk stock. The shares were sold at an average price of $91.26, for a total value of $476,924.76.
  • On Wednesday, June 19th, Adrian Mcdermott sold 714 shares of Zendesk stock. The shares were sold at an average price of $88.42, for a total value of $63,131.88.
  • On Thursday, June 6th, Adrian Mcdermott sold 5,226 shares of Zendesk stock. The shares were sold at an average price of $83.14, for a total value of $434,489.64.
  • On Thursday, May 16th, Adrian Mcdermott sold 446 shares of Zendesk stock. The shares were sold at an average price of $87.09, for a total value of $38,842.14.
  • On Monday, May 6th, Adrian Mcdermott sold 6,213 shares of Zendesk stock. The shares were sold at an average price of $85.11, for a total value of $528,788.43.

NYSE:ZEN opened at $90.69 on Friday. Zendesk Inc has a 12 month low of $45.60 and a 12 month high of $94.89. The business’s 50 day moving average price is $89.45. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.34. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of -95.46 and a beta of 1.52.



Zendesk (NYSE:ZEN) last issued its earnings results on Tuesday, April 30th. The software maker reported ($0.28) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.28). The business had revenue of $181.48 million for the quarter, compared to analysts’ expectations of $179.53 million. Zendesk had a negative return on equity of 25.37% and a negative net margin of 22.52%. The business’s revenue for the quarter was up 39.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. Analysts anticipate that Zendesk Inc will post -1.07 earnings per share for the current year.

Several brokerages recently weighed in on ZEN. Wells Fargo & Co cut their price target on WellCare Health Plans from $346.00 to $330.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Zacks Investment Research upgraded ZovioInc . from a “sell” rating to a “hold” rating in a research note on Sunday, July 14th. Stifel Nicolaus boosted their price objective on Zendesk from $75.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. Craig Hallum boosted their price objective on 1-800-Flowers.Com from $26.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Canaccord Genuity boosted their price objective on TELUS from C$51.00 to C$52.00 in a research note on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Zendesk currently has an average rating of “Buy” and a consensus price target of $92.39.

Institutional investors have recently modified their holdings of the company. Capital Investment Advisory Services LLC purchased a new position in shares of Zendesk during the 1st quarter valued at about $34,000. Sageworth Trust Co purchased a new position in shares of Zendesk during the 1st quarter valued at about $42,000. CWM LLC raised its holdings in shares of Zendesk by 90.0% during the 1st quarter. CWM LLC now owns 532 shares of the software maker’s stock valued at $45,000 after buying an additional 252 shares in the last quarter. Sonora Investment Management LLC purchased a new position in shares of Zendesk during the 1st quarter valued at about $51,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Zendesk during the 1st quarter valued at about $90,000. Institutional investors and hedge funds own 97.45% of the company’s stock.

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, 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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