Insider Selling: Zendesk Inc (NYSE:ZEN) CMO Sells $35,680.48 in Stock

Zendesk Inc (NYSE:ZEN) CMO Jeffrey J. Titterton sold 388 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $91.96, for a total value of $35,680.48. Following the completion of the sale, the chief marketing officer now directly owns 12,307 shares of the company’s stock, valued at $1,131,751.72. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of ZEN stock opened at $90.69 on Friday. The firm has a 50 day moving average of $89.45. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.54 and a quick ratio of 1.54. Zendesk Inc has a twelve month low of $45.60 and a twelve month high of $94.89. The company has a market cap of $10.09 billion, a P/E ratio of -95.46 and a beta of 1.52.

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

Hedge funds have recently modified their holdings of the stock. Capital Investment Advisory Services LLC bought a new position in shares of Zendesk in the 1st quarter valued at approximately $34,000. Sageworth Trust Co bought a new position in shares of Zendesk in the 1st quarter valued at approximately $42,000. CWM LLC raised its stake in shares of Zendesk by 90.0% in the 1st 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. Sonora Investment Management LLC bought a new position in shares of Zendesk in the 1st quarter valued at approximately $51,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Zendesk in the 1st quarter valued at approximately $90,000. 97.45% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on ZEN. Goldman Sachs Group began coverage on HubSpot in a research note on Friday, June 7th. They set a “buy” rating and a $223.00 price target for the company. JMP Securities raised their price target on Wageworks from $43.00 to $60.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 1st. Bank of America reaffirmed a “buy” rating and set a $105.00 price target (up from $100.00) on shares of Zendesk in a research note on Wednesday, May 1st. Canaccord Genuity raised their price target on TELUS from C$51.00 to C$52.00 in a research note on Wednesday, May 1st. Finally, Zacks Investment Research raised ZovioInc . from a “sell” rating to a “hold” rating in a research note on Sunday, July 14th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Zendesk presently has an average rating of “Buy” and an average target price of $92.39.

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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