Zendesk Inc (NYSE:ZEN) CEO Mikkel Svane sold 50,000 shares of Zendesk stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $85.75, for a total value of $4,287,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,424,521 shares in the company, valued at approximately $122,152,675.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Mikkel Svane also recently made the following trade(s):

  • On Tuesday, February 19th, Mikkel Svane sold 50,000 shares of Zendesk stock. The shares were sold at an average price of $78.61, for a total value of $3,930,500.00.

ZEN stock traded down $1.04 during mid-day trading on Friday, hitting $87.96. 920,441 shares of the company were exchanged, compared to its average volume of 1,804,451. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $9.75 billion, a PE ratio of -92.59 and a beta of 1.64. Zendesk Inc has a 1-year low of $45.60 and a 1-year high of $90.00.

Zendesk (NYSE:ZEN) last issued its quarterly earnings data on Tuesday, April 30th. The software maker reported ($0.28) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.28). The firm had revenue of $181.48 million during the quarter, compared to the consensus estimate of $179.53 million. Zendesk had a negative net margin of 22.52% and a negative return on equity of 25.37%. The business’s revenue for the quarter was up 39.8% compared to the same quarter last year. During the same period last year, the business posted $0.02 earnings per share. As a group, research analysts expect that Zendesk Inc will post -1.07 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. Capital Investment Advisory Services LLC acquired a new stake in shares of Zendesk in the first quarter valued at approximately $34,000. Sageworth Trust Co acquired a new stake in shares of Zendesk in the first quarter valued at approximately $42,000. Flinton Capital Management LLC acquired a new stake in shares of Zendesk in the fourth quarter valued at approximately $30,000. Fifth Third Bancorp raised its position in Zendesk by 66.6% during the first quarter. Fifth Third Bancorp now owns 513 shares of the software maker’s stock valued at $44,000 after purchasing an additional 205 shares in the last quarter. Finally, CWM LLC raised its position in Zendesk by 90.0% during the first quarter. CWM LLC now owns 532 shares of the software maker’s stock valued at $45,000 after purchasing an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 94.16% of the company’s stock.

Several analysts have issued reports on the company. Zacks Investment Research downgraded Zendesk from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Deutsche Bank lifted their price target on Zendesk from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, March 29th. Bank of America restated a “buy” rating and issued a $105.00 price objective (up previously from $100.00) on shares of Zendesk in a report on Wednesday, May 1st. Canaccord Genuity raised their price objective on Zendesk from $85.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Craig Hallum restated a “buy” rating and issued a $110.00 price objective (up previously from $84.00) on shares of Zendesk in a report on Wednesday, May 1st. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $90.93.

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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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