Elena Gomez Sells 4,000 Shares of Zendesk Inc (ZEN) Stock

Zendesk Inc (NYSE:ZEN) CFO Elena Gomez sold 4,000 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $70.00, for a total transaction of $280,000.00. Following the completion of the transaction, the chief financial officer now owns 20,614 shares of the company’s stock, valued at approximately $1,442,980. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Elena Gomez also recently made the following trade(s):

  • On Thursday, September 6th, Elena Gomez sold 1,000 shares of Zendesk stock. The shares were sold at an average price of $68.00, for a total transaction of $68,000.00.
  • On Thursday, August 23rd, Elena Gomez sold 7,000 shares of Zendesk stock. The shares were sold at an average price of $65.00, for a total transaction of $455,000.00.
  • On Monday, August 6th, Elena Gomez sold 1,092 shares of Zendesk stock. The shares were sold at an average price of $60.79, for a total transaction of $66,382.68.

ZEN stock opened at $70.55 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.74 and a quick ratio of 2.74. Zendesk Inc has a one year low of $27.09 and a one year high of $71.81.

Zendesk (NYSE:ZEN) last posted its quarterly earnings data on Tuesday, July 31st. The software maker reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.29. Zendesk had a negative net margin of 23.24% and a negative return on equity of 28.60%. The company had revenue of $141.88 million during the quarter, compared to analyst estimates of $137.96 million. research analysts forecast that Zendesk Inc will post -0.94 EPS for the current fiscal year.

A number of brokerages recently issued reports on ZEN. Stifel Nicolaus increased their target price on shares of Zendesk from $60.00 to $68.00 and gave the company a “hold” rating in a research report on Tuesday. Morgan Stanley increased their target price on shares of Zendesk from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, June 27th. Canaccord Genuity reiterated a “buy” rating and issued a $65.00 target price on shares of Zendesk in a research report on Wednesday, August 1st. JMP Securities increased their target price on shares of Zendesk from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 18th. Finally, Craig Hallum increased their target price on shares of Zendesk from $45.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, May 18th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $59.31.

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP purchased a new stake in Zendesk during the first quarter valued at about $5,235,000. Ardevora Asset Management LLP purchased a new stake in Zendesk during the second quarter valued at about $32,861,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Zendesk by 10.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 540,022 shares of the software maker’s stock valued at $25,851,000 after purchasing an additional 52,655 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Zendesk by 6,776.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 206,298 shares of the software maker’s stock valued at $11,241,000 after purchasing an additional 203,298 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Zendesk by 1.6% in the 2nd quarter. Swiss National Bank now owns 179,952 shares of the software maker’s stock valued at $9,806,000 after purchasing an additional 2,800 shares during the period. 92.24% of the stock is owned by institutional investors.

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.

Featured Story: Using the New Google Finance Tool

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

Receive News & Ratings for Zendesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply