SG Americas Securities LLC purchased a new stake in shares of Zendesk Inc (NYSE:ZEN) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 6,615 shares of the software maker’s stock, valued at approximately $193,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZEN. Advisor Group Inc. grew its position in shares of Zendesk by 44.3% during the 2nd quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock valued at $103,000 after purchasing an additional 1,137 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Zendesk during the 3rd quarter valued at $105,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Zendesk by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock valued at $108,000 after purchasing an additional 352 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Zendesk by 8.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,998 shares of the software maker’s stock valued at $111,000 after purchasing an additional 323 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new position in shares of Zendesk during the 2nd quarter valued at $214,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Shares of Zendesk Inc (NYSE ZEN) opened at $33.67 on Friday. Zendesk Inc has a fifty-two week low of $20.86 and a fifty-two week high of $35.89. The stock has a market cap of $3,420.00, a price-to-earnings ratio of -30.61 and a beta of 1.83.

Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Wednesday, November 1st. The software maker reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. The business had revenue of $112.79 million during the quarter, compared to the consensus estimate of $109.19 million. Zendesk had a negative net margin of 27.43% and a negative return on equity of 32.50%. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) earnings per share. equities analysts predict that Zendesk Inc will post -1.03 EPS for the current year.

A number of research analysts have recently commented on ZEN shares. Royal Bank of Canada restated a “buy” rating and set a $35.00 price target on shares of Zendesk in a research report on Wednesday, October 18th. Evercore ISI began coverage on shares of Zendesk in a report on Friday, September 8th. They set an “outperform” rating and a $34.00 price objective for the company. Zacks Investment Research downgraded shares of Zendesk from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $40.00 price objective (up from $32.00) on shares of Zendesk in a report on Thursday, November 2nd. Finally, Stephens downgraded shares of Zendesk from an “equal weight” rating to an “underweight” rating and set a $25.00 price objective for the company. in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $34.13.

In other Zendesk news, CFO Elena Gomez sold 1,200 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $30.10, for a total value of $36,120.00. Following the completion of the sale, the chief financial officer now directly owns 3,925 shares of the company’s stock, valued at $118,142.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mikkel Svane sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $34.31, for a total transaction of $1,715,500.00. Following the completion of the sale, the chairman now directly owns 1,734,891 shares of the company’s stock, valued at $59,524,110.21. The disclosure for this sale can be found here. Insiders sold 148,013 shares of company stock valued at $5,106,289 over the last three months. 5.30% of the stock is currently owned by insiders.

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About Zendesk

Zendesk, Inc (Zendesk) is a software development company. The Zendesk family of products is built to work together to help organizations understand and manage customer relationships. All Zendesk products share a common interface and are being developed to support a shared services infrastructure and common customer data platform.

Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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