34,460 Shares in Zendesk Inc (ZEN) Purchased by Lisanti Capital Growth LLC
Lisanti Capital Growth LLC acquired a new position in Zendesk Inc (NYSE:ZEN) in the fourth quarter, Holdings Channel reports. The firm acquired 34,460 shares of the software maker’s stock, valued at approximately $1,166,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Group Inc. lifted its holdings in shares of Zendesk by 44.3% in the 2nd quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock worth $103,000 after acquiring an additional 1,137 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Zendesk in the 3rd quarter worth approximately $105,000. Cerebellum GP LLC bought a new stake in shares of Zendesk in the 4th quarter worth approximately $132,000. SG Americas Securities LLC bought a new stake in shares of Zendesk in the 3rd quarter worth approximately $193,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Zendesk by 47.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock worth $194,000 after acquiring an additional 1,836 shares during the last quarter. Hedge funds and other institutional investors own 93.94% of the company’s stock.
Shares of Zendesk Inc (NYSE:ZEN) opened at $39.10 on Friday. Zendesk Inc has a 1-year low of $24.49 and a 1-year high of $42.35.
A number of equities research analysts have recently weighed in on ZEN shares. Morgan Stanley boosted their price objective on shares of Zendesk from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, October 23rd. Royal Bank of Canada restated a “buy” rating and issued a $42.00 price objective on shares of Zendesk in a report on Wednesday, January 17th. Zacks Investment Research lowered shares of Zendesk from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Wells Fargo & Co restated an “outperform” rating and issued a $40.00 price objective (up from $32.00) on shares of Zendesk in a report on Thursday, November 2nd. Finally, KeyCorp reiterated a “buy” rating and set a $35.00 price target on shares of Zendesk in a report on Sunday, October 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Zendesk presently has an average rating of “Buy” and a consensus target price of $40.31.
In other Zendesk news, CFO Elena Gomez sold 1,604 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $34.37, for a total transaction of $55,129.48. Following the transaction, the chief financial officer now directly owns 4,430 shares of the company’s stock, valued at approximately $152,259.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Adrian Mcdermott sold 1,593 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $36.27, for a total transaction of $57,778.11. Following the transaction, the insider now directly owns 81,081 shares in the company, valued at $2,940,807.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,426 shares of company stock worth $3,543,308. Insiders own 5.30% of the company’s stock.
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.
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