Zendesk, Inc. (NYSE:ZEN) Insider Adrian Mcdermott Sells 1,766 Shares

Zendesk, Inc. (NYSE:ZEN) insider Adrian Mcdermott sold 1,766 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $29.11, for a total transaction of $51,408.26. Following the completion of the transaction, the insider now owns 80,290 shares in the company, valued at $2,337,241.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Friday, August 18th, Adrian Mcdermott sold 1,766 shares of Zendesk stock. The shares were sold at an average price of $26.42, for a total transaction of $46,657.72.
  • On Tuesday, June 20th, Adrian Mcdermott sold 1,766 shares of Zendesk stock. The stock was sold at an average price of $27.61, for a total transaction of $48,759.26.
  • On Thursday, May 18th, Adrian Mcdermott sold 2,870 shares of Zendesk stock. The stock was sold at an average price of $24.98, for a total transaction of $71,692.60.

Zendesk, Inc. (ZEN) traded down 0.30% on Friday, hitting $26.62. The stock had a trading volume of 642,744 shares. The company’s market cap is $2.68 billion. Zendesk, Inc. has a one year low of $19.77 and a one year high of $31.88. The stock has a 50-day moving average of $28.10 and a 200-day moving average of $27.45.

Zendesk (NYSE:ZEN) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.20. Zendesk had a negative net margin of 29.34% and a negative return on equity of 32.10%. The firm had revenue of $101.30 million for the quarter, compared to the consensus estimate of $99.47 million. During the same period in the prior year, the business earned ($0.06) EPS. The company’s quarterly revenue was up 36.5% compared to the same quarter last year. Equities analysts expect that Zendesk, Inc. will post ($0.17) earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in ZEN. Wasatch Advisors Inc. boosted its position in shares of Zendesk by 26.5% in the second quarter. Wasatch Advisors Inc. now owns 3,919,479 shares of the software maker’s stock valued at $108,883,000 after buying an additional 820,465 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Zendesk by 54.2% in the second quarter. Public Employees Retirement System of Ohio now owns 110,492 shares of the software maker’s stock valued at $3,069,000 after buying an additional 38,859 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Zendesk during the second quarter valued at approximately $278,000. Crosslink Capital Inc. increased its stake in shares of Zendesk by 934.6% in the second quarter. Crosslink Capital Inc. now owns 788,714 shares of the software maker’s stock valued at $21,910,000 after buying an additional 712,480 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Zendesk by 21.7% in the second quarter. Ameritas Investment Partners Inc. now owns 8,533 shares of the software maker’s stock valued at $237,000 after buying an additional 1,521 shares in the last quarter. 92.62% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the stock. UBS AG restated a “buy” rating and set a $38.00 target price (up from $36.00) on shares of Zendesk in a research report on Friday, May 5th. Zacks Investment Research lowered shares of Zendesk from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. BidaskClub lowered shares of Zendesk from a “buy” rating to a “hold” rating in a research report on Wednesday. Piper Jaffray Companies set a $33.00 price objective on shares of Zendesk and gave the company a “buy” rating in a research report on Saturday, August 5th. Finally, KeyCorp reiterated a “buy” rating and issued a $35.00 price objective on shares of Zendesk in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Zendesk presently has an average rating of “Buy” and an average target price of $33.00.

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.

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

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