Zendesk Target of Unusually Large Options Trading (ZEN)

Zendesk Inc (NYSE:ZEN) was the target of unusually large options trading activity on Thursday. Stock traders purchased 1,222 call options on the stock. This is an increase of 1,243% compared to the typical daily volume of 91 call options.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Zendesk from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. UBS Group reissued a “neutral” rating and set a $38.00 price objective (up from $37.00) on shares of Zendesk in a report on Thursday, November 9th. Stifel Nicolaus reissued a “neutral” rating on shares of Zendesk in a report on Friday, November 3rd. Stephens lowered shares of Zendesk from an “equal weight” rating to an “underweight” rating and set a $25.00 price objective on the stock. in a report on Monday, October 9th. Finally, Canaccord Genuity boosted their price objective on shares of Zendesk from $34.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $34.13.

Shares of Zendesk (NYSE:ZEN) opened at $37.51 on Friday. Zendesk has a 1-year low of $22.20 and a 1-year high of $37.71. The company has a market cap of $3,810.00, a price-to-earnings ratio of -34.10 and a beta of 1.83.

Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Wednesday, November 1st. The software maker reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.04. Zendesk had a negative net margin of 27.43% and a negative return on equity of 32.50%. The company had revenue of $112.79 million for the quarter, compared to analyst estimates of $109.19 million. During the same period in the prior year, the company earned ($0.04) earnings per share. The firm’s revenue was up 39.7% on a year-over-year basis. analysts predict that Zendesk will post -1.03 EPS for the current fiscal year.

In other news, insider Adrian Mcdermott sold 1,767 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $30.10, for a total transaction of $53,186.70. Following the sale, the insider now directly owns 80,726 shares of the company’s stock, valued at $2,429,852.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John Geschke sold 1,493 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $35.17, for a total transaction of $52,508.81. Following the sale, the senior vice president now directly owns 13,288 shares in the company, valued at $467,338.96. The disclosure for this sale can be found here. Insiders sold 153,800 shares of company stock worth $5,309,267 over the last ninety days. Corporate insiders own 5.30% of the company’s stock.

A number of large investors have recently bought and sold shares of ZEN. Advisor Group Inc. boosted its holdings in Zendesk by 44.3% in the second quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock valued at $103,000 after purchasing an additional 1,137 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Zendesk in the third quarter valued at $105,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Zendesk by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock valued at $108,000 after purchasing an additional 352 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Zendesk by 8.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,998 shares of the software maker’s stock valued at $111,000 after purchasing an additional 323 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Zendesk in the third quarter valued at $193,000. 95.67% of the stock is currently owned by 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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