Jag Capital Management LLC Has $2.03 Million Stake in Zendesk Inc (NYSE:ZEN)

Jag Capital Management LLC grew its position in Zendesk Inc (NYSE:ZEN) by 4.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 27,899 shares of the software maker’s stock after purchasing an additional 1,131 shares during the period. Jag Capital Management LLC’s holdings in Zendesk were worth $2,033,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in shares of Zendesk by 4.5% in the second quarter. Nisa Investment Advisors LLC now owns 3,225 shares of the software maker’s stock valued at $287,000 after purchasing an additional 140 shares during the last quarter. Cerebellum GP LLC grew its position in shares of Zendesk by 3.7% in the third quarter. Cerebellum GP LLC now owns 3,905 shares of the software maker’s stock valued at $132,000 after purchasing an additional 141 shares during the last quarter. Tyers Asset Management LLC grew its position in shares of Zendesk by 7.2% in the second quarter. Tyers Asset Management LLC now owns 2,492 shares of the software maker’s stock valued at $222,000 after purchasing an additional 168 shares during the last quarter. Capital Investment Advisory Services LLC grew its position in shares of Zendesk by 50.0% in the second quarter. Capital Investment Advisory Services LLC now owns 600 shares of the software maker’s stock valued at $56,000 after purchasing an additional 200 shares during the last quarter. Finally, Flinton Capital Management LLC grew its position in shares of Zendesk by 7.2% in the second quarter. Flinton Capital Management LLC now owns 3,026 shares of the software maker’s stock valued at $269,000 after purchasing an additional 204 shares during the last quarter. 92.79% of the stock is currently owned by institutional investors.

Shares of NYSE:ZEN opened at $65.75 on Friday. The company has a market capitalization of $7.30 billion, a P/E ratio of -69.21 and a beta of 1.22. Zendesk Inc has a 1 year low of $45.60 and a 1 year high of $94.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.67 and a quick ratio of 0.67. The business’s 50 day simple moving average is $72.83 and its 200 day simple moving average is $82.47.

Zendesk (NYSE:ZEN) last released its earnings results on Tuesday, July 30th. The software maker reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.33. Zendesk had a negative return on equity of 27.44% and a negative net margin of 23.70%. The firm had revenue of $194.58 million during the quarter, compared to analysts’ expectations of $192.47 million. During the same period in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 37.1% on a year-over-year basis. On average, sell-side analysts anticipate that Zendesk Inc will post -1.1 EPS for the current fiscal year.

In other Zendesk news, CEO Mikkel Svane sold 50,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $74.96, for a total transaction of $3,748,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,377,934 shares in the company, valued at $103,289,932.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elena Gomez sold 4,500 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $64.50, for a total value of $290,250.00. Following the sale, the chief financial officer now owns 22,034 shares of the company’s stock, valued at $1,421,193. The disclosure for this sale can be found here. Insiders have sold 254,648 shares of company stock valued at $19,617,694 over the last 90 days. Corporate insiders own 4.60% of the company’s stock.

Several equities analysts have recently commented on the company. Zacks Investment Research reaffirmed a “hold” rating and issued a $82.00 target price on shares of Zendesk in a research report on Saturday, October 19th. Stifel Nicolaus set a $92.00 target price on Zendesk and gave the company a “hold” rating in a research report on Wednesday, July 31st. KeyCorp reaffirmed a “buy” rating and issued a $108.00 target price (up previously from $102.00) on shares of Zendesk in a research report on Tuesday, July 30th. Wedbush reduced their price target on Zendesk from $106.00 to $98.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 16th. They noted that the move was a valuation call. Finally, Compass Point assumed coverage on Zendesk in a research report on Tuesday, August 13th. They set a “buy” rating and a $100.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $95.99.

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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Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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