Zendesk Inc (NYSE:ZEN) CMO Jeffrey J. Titterton sold 503 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $88.16, for a total value of $44,344.48. Following the completion of the sale, the chief marketing officer now directly owns 16,141 shares of the company’s stock, valued at $1,422,990.56. The sale was disclosed in a legal filing with the SEC, which is available through this link.

ZEN traded down $0.64 during midday trading on Monday, reaching $87.32. 1,280,726 shares of the company were exchanged, compared to its average volume of 1,801,499. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market capitalization of $9.42 billion, a P/E ratio of -91.92 and a beta of 1.64. Zendesk Inc has a one year low of $45.60 and a one year high of $90.00.

Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Tuesday, April 30th. The software maker reported ($0.28) EPS for the quarter, hitting analysts’ consensus estimates of ($0.28). The firm had revenue of $181.48 million during the quarter, compared to analyst estimates of $179.53 million. Zendesk had a negative return on equity of 25.37% and a negative net margin of 22.52%. The company’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 EPS. On average, equities analysts forecast that Zendesk Inc will post -1.07 earnings per share for the current year.

A number of analysts recently commented on the company. Zacks Investment Research raised Zendesk from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Thursday, April 4th. Stifel Nicolaus boosted their target price on Zendesk from $75.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. Canaccord Genuity boosted their target price on Zendesk from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wedbush reaffirmed an “outperform” rating and issued a $93.00 target price on shares of Zendesk in a research report on Monday, April 29th. Finally, Jefferies Financial Group boosted their target price on Zendesk from $90.00 to $102.00 and gave the company a “market perform” rating in a research report on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $90.93.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Prudential Financial Inc. increased its holdings in Zendesk by 2.8% during the 4th quarter. Prudential Financial Inc. now owns 5,450 shares of the software maker’s stock worth $318,000 after purchasing an additional 150 shares in the last quarter. WINTON GROUP Ltd grew its holdings in shares of Zendesk by 3.9% in the fourth quarter. WINTON GROUP Ltd now owns 4,504 shares of the software maker’s stock valued at $263,000 after acquiring an additional 168 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Zendesk by 66.6% in the first quarter. Fifth Third Bancorp now owns 513 shares of the software maker’s stock valued at $44,000 after acquiring an additional 205 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Zendesk by 2.0% in the fourth quarter. State of Alaska Department of Revenue now owns 13,003 shares of the software maker’s stock valued at $758,000 after acquiring an additional 252 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Zendesk by 90.0% in the first quarter. CWM LLC now owns 532 shares of the software maker’s stock valued at $45,000 after acquiring an additional 252 shares in the last quarter. 94.16% of the stock is owned by hedge funds and other institutional investors.

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About Zendesk

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.

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

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