Zendesk Inc (NYSE:ZEN) insider Adrian Mcdermott sold 1,810 shares of Zendesk stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $58.13, for a total transaction of $105,215.30. Following the sale, the insider now owns 80,267 shares in the company, valued at approximately $4,665,920.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Adrian Mcdermott also recently made the following trade(s):

  • On Wednesday, May 16th, Adrian Mcdermott sold 915 shares of Zendesk stock. The shares were sold at an average price of $55.00, for a total transaction of $50,325.00.
  • On Tuesday, May 8th, Adrian Mcdermott sold 1,081 shares of Zendesk stock. The stock was sold at an average price of $53.79, for a total transaction of $58,146.99.
  • On Thursday, April 19th, Adrian Mcdermott sold 1,425 shares of Zendesk stock. The stock was sold at an average price of $50.16, for a total value of $71,478.00.

Shares of ZEN stock opened at $54.49 on Friday. Zendesk Inc has a 12 month low of $25.09 and a 12 month high of $60.26. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 1.10.

Zendesk (NYSE:ZEN) last posted its quarterly earnings data on Tuesday, May 1st. The software maker reported ($0.24) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.05. The company had revenue of $129.79 million for the quarter, compared to analyst estimates of $126.76 million. Zendesk had a negative return on equity of 30.37% and a negative net margin of 24.18%. research analysts forecast that Zendesk Inc will post -0.97 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pendal Group Ltd bought a new stake in shares of Zendesk during the first quarter valued at approximately $188,000. Aperio Group LLC purchased a new position in shares of Zendesk during the first quarter valued at approximately $215,000. Zeke Capital Advisors LLC purchased a new position in Zendesk in the first quarter worth $263,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Zendesk by 47.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock worth $194,000 after purchasing an additional 1,836 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Zendesk in the first quarter worth $345,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Several brokerages have weighed in on ZEN. Morgan Stanley boosted their price objective on Zendesk from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday. Craig Hallum upped their price target on Zendesk from $45.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, May 18th. JMP Securities increased their target price on Zendesk from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 18th. Stifel Nicolaus upped their price target on Zendesk from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, May 18th. Finally, KeyCorp reaffirmed a “buy” rating and set a $58.00 price target on shares of Zendesk in a research report on Friday, May 18th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Zendesk presently has an average rating of “Buy” and an average target price of $48.63.

Zendesk Company Profile

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, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.

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

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