Zendesk Inc (NYSE:ZEN) CMO Jeffrey J. Titterton sold 503 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $82.01, for a total value of $41,251.03. Following the completion of the sale, the chief marketing officer now owns 14,752 shares of the company’s stock, valued at approximately $1,209,811.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE:ZEN opened at $80.90 on Monday. The company has a market capitalization of $8.84 billion, a PE ratio of -85.16 and a beta of 1.66. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.10. Zendesk Inc has a 12-month low of $45.60 and a 12-month high of $86.85.
Zendesk (NYSE:ZEN) last released its earnings results on Tuesday, February 5th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.38. The business had revenue of $172.25 million for the quarter, compared to analyst estimates of $165.56 million. Zendesk had a negative return on equity of 24.19% and a negative net margin of 21.89%. The company’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) earnings per share. Equities analysts predict that Zendesk Inc will post -0.96 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Zendesk by 4.2% during the third quarter. Vanguard Group Inc. now owns 8,930,795 shares of the software maker’s stock worth $634,087,000 after acquiring an additional 360,069 shares during the period. Vanguard Group Inc grew its holdings in Zendesk by 4.2% during the third quarter. Vanguard Group Inc now owns 8,930,795 shares of the software maker’s stock worth $634,087,000 after acquiring an additional 360,069 shares during the period. Westfield Capital Management Co. LP grew its holdings in Zendesk by 97.9% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,498,026 shares of the software maker’s stock worth $87,440,000 after acquiring an additional 741,013 shares during the period. Polar Capital LLP grew its holdings in Zendesk by 30.8% during the fourth quarter. Polar Capital LLP now owns 1,379,322 shares of the software maker’s stock worth $80,511,000 after acquiring an additional 325,132 shares during the period. Finally, 1832 Asset Management L.P. grew its holdings in Zendesk by 80.6% during the fourth quarter. 1832 Asset Management L.P. now owns 1,317,500 shares of the software maker’s stock worth $75,062,000 after acquiring an additional 587,800 shares during the period. 96.55% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Zendesk from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Thursday, April 4th. Deutsche Bank boosted their price objective on Zendesk from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, March 29th. Canaccord Genuity boosted their price objective on Zendesk from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Cowen boosted their price objective on Zendesk from $72.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Finally, Craig Hallum boosted their price objective on Zendesk from $68.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Zendesk presently has a consensus rating of “Buy” and a consensus target price of $78.99.
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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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