Zendesk Inc (NYSE:ZEN) Director Elizabeth A. Nelson sold 20,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $39.51, for a total transaction of $790,200.00. Following the sale, the director now directly owns 63,833 shares of the company’s stock, valued at approximately $2,522,041.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zendesk Inc (NYSE:ZEN) opened at $42.60 on Thursday. The company has a market cap of $4,270.00, a PE ratio of -38.38 and a beta of 1.87. Zendesk Inc has a fifty-two week low of $24.49 and a fifty-two week high of $42.82.

Zendesk (NYSE:ZEN) last posted its earnings results on Tuesday, February 6th. The software maker reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $123.43 million during the quarter, compared to analysts’ expectations of $119.68 million. Zendesk had a negative net margin of 25.70% and a negative return on equity of 32.88%. The business’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) earnings per share. equities analysts anticipate that Zendesk Inc will post -1 earnings per share for the current fiscal year.

ZEN has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $35.00 price objective on shares of Zendesk in a research report on Wednesday, October 18th. Morgan Stanley upped their price objective on shares of Zendesk from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, October 23rd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $40.00 price objective (up previously from $32.00) on shares of Zendesk in a research report on Thursday, November 2nd. Canaccord Genuity upped their price objective on shares of Zendesk from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, Stifel Nicolaus reaffirmed a “neutral” rating on shares of Zendesk in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $40.31.

Several hedge funds have recently bought and sold shares of ZEN. Ameriprise Financial Inc. lifted its holdings in shares of Zendesk by 755.0% in the third quarter. Ameriprise Financial Inc. now owns 827,334 shares of the software maker’s stock worth $24,083,000 after acquiring an additional 730,570 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Zendesk by 10.9% in the second quarter. Vanguard Group Inc. now owns 7,365,549 shares of the software maker’s stock worth $204,615,000 after acquiring an additional 721,652 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Zendesk by 252.0% in the fourth quarter. Two Sigma Investments LP now owns 620,436 shares of the software maker’s stock worth $20,996,000 after acquiring an additional 444,180 shares during the last quarter. Whale Rock Capital Management LLC raised its holdings in Zendesk by 24.5% in the 4th quarter. Whale Rock Capital Management LLC now owns 1,805,901 shares of the software maker’s stock valued at $61,112,000 after buying an additional 355,577 shares during the last quarter. Finally, State Street Corp raised its holdings in Zendesk by 22.6% in the 2nd quarter. State Street Corp now owns 1,813,976 shares of the software maker’s stock valued at $50,395,000 after buying an additional 334,769 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

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Zendesk Company Profile

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.

Insider Buying and Selling by Quarter for Zendesk (NYSE:ZEN)

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