Elizabeth A. Nelson Sells 20,000 Shares of Zendesk Inc (ZEN) Stock
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.
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.
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