Mikkel Svane Sells 43,875 Shares of Zendesk, Inc. (NYSE:ZEN) Stock

Zendesk, Inc. (NYSE:ZEN) CEO Mikkel Svane sold 43,875 shares of the firm’s stock in a transaction dated Thursday, July 15th. The shares were sold at an average price of $137.15, for a total value of $6,017,456.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Mikkel Svane also recently made the following trade(s):

  • On Tuesday, June 15th, Mikkel Svane sold 43,875 shares of Zendesk stock. The shares were sold at an average price of $139.70, for a total transaction of $6,129,337.50.
  • On Monday, May 17th, Mikkel Svane sold 43,875 shares of Zendesk stock. The shares were sold at an average price of $131.86, for a total transaction of $5,785,357.50.

Zendesk stock opened at $140.39 on Thursday. The firm has a market capitalization of $16.66 billion, a PE ratio of -72.74 and a beta of 1.23. Zendesk, Inc. has a twelve month low of $85.19 and a twelve month high of $166.60. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a 50 day moving average of $139.39.

Zendesk (NYSE:ZEN) last released its quarterly earnings results on Thursday, April 29th. The software maker reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.06). The company had revenue of $298.05 million during the quarter, compared to analyst estimates of $294.50 million. Zendesk had a negative net margin of 20.58% and a negative return on equity of 27.25%. On average, equities research analysts forecast that Zendesk, Inc. will post -0.81 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the company. FIL Ltd bought a new stake in shares of Zendesk in the first quarter valued at about $28,000. Manchester Financial Inc. lifted its holdings in shares of Zendesk by 1,428.6% in the first quarter. Manchester Financial Inc. now owns 214 shares of the software maker’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of Zendesk in the first quarter valued at approximately $34,000. KB Financial Partners LLC acquired a new stake in shares of Zendesk in the first quarter valued at approximately $41,000. Finally, Paragon Wealth Strategies LLC acquired a new stake in shares of Zendesk in the second quarter valued at approximately $58,000. Institutional investors own 94.79% of the company’s stock.

ZEN has been the topic of several analyst reports. Piper Sandler increased their price objective on shares of Zendesk from $180.00 to $186.00 and gave the company an “overweight” rating in a report on Friday, April 30th. Zacks Investment Research raised Zendesk from a “sell” rating to a “hold” rating in a research note on Thursday, April 8th. Wolfe Research started coverage on shares of Zendesk in a research report on Wednesday, April 28th. They issued an “outperform” rating and a $180.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of Zendesk in a report on Thursday, April 8th. They set a “buy” rating for the company. Finally, UBS Group upgraded shares of Zendesk from a “neutral” rating to a “buy” rating and increased their target price for the stock from $171.00 to $190.00 in a report on Thursday, May 27th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $167.38.

Zendesk Company Profile

Zendesk, Inc, a software development company, provides software as a service solutions for organizations in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels.

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