Zendesk Inc (ZEN) CFO Sells $475,805.00 in Stock

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Zendesk Inc (NYSE:ZEN) CFO Elena Gomez sold 5,500 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $86.51, for a total value of $475,805.00. Following the transaction, the chief financial officer now directly owns 26,436 shares of the company’s stock, valued at $2,286,978.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Thursday, May 16th, Elena Gomez sold 455 shares of Zendesk stock. The stock was sold at an average price of $87.09, for a total value of $39,625.95.
  • On Monday, April 22nd, Elena Gomez sold 5,500 shares of Zendesk stock. The stock was sold at an average price of $80.87, for a total value of $444,785.00.
  • On Wednesday, March 20th, Elena Gomez sold 5,500 shares of Zendesk stock. The stock was sold at an average price of $83.54, for a total value of $459,470.00.
  • On Thursday, February 21st, Elena Gomez sold 6,000 shares of Zendesk stock. The stock was sold at an average price of $76.70, for a total value of $460,200.00.

Shares of Zendesk stock traded down $0.64 during mid-day trading on Monday, hitting $87.32. 1,280,726 shares of the stock were exchanged, compared to its average volume of 1,801,499. Zendesk Inc has a 12 month low of $45.60 and a 12 month high of $90.00. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34. The stock has a market cap of $9.42 billion, a P/E ratio of -91.92 and a beta of 1.64.

Zendesk (NYSE:ZEN) last posted its earnings results on Tuesday, April 30th. The software maker reported ($0.28) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.28). Zendesk had a negative net margin of 22.52% and a negative return on equity of 25.37%. The firm had revenue of $181.48 million for the quarter, compared to analysts’ expectations of $179.53 million. During the same quarter last year, the firm earned $0.02 EPS. The company’s quarterly revenue was up 39.8% compared to the same quarter last year. On average, equities analysts anticipate that Zendesk Inc will post -1.07 EPS for the current year.

Several research analysts have recently weighed in on ZEN shares. Oppenheimer started coverage on Zendesk in a research report on Thursday, January 24th. They issued a “market perform” rating and a $71.70 price objective for the company. Wedbush lowered their price objective on Zendesk from $75.00 to $71.00 and set an “outperform” rating for the company in a research report on Monday, February 4th. KeyCorp reissued a “buy” rating on shares of Zendesk in a research report on Tuesday, February 5th. Royal Bank of Canada lifted their price objective on Zendesk to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Finally, Wells Fargo & Co lifted their price objective on Zendesk from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $90.93.

Several institutional investors have recently bought and sold shares of ZEN. Flinton Capital Management LLC bought a new stake in shares of Zendesk in the 4th quarter worth approximately $30,000. Intercontinental Wealth Advisors LLC bought a new stake in shares of Zendesk in the 4th quarter worth approximately $34,000. Capital Investment Advisory Services LLC bought a new stake in shares of Zendesk in the 1st quarter worth approximately $34,000. Sageworth Trust Co bought a new stake in shares of Zendesk in the 1st quarter worth approximately $42,000. Finally, Fifth Third Bancorp raised its holdings in shares of Zendesk by 66.6% in the 1st quarter. Fifth Third Bancorp now owns 513 shares of the software maker’s stock worth $44,000 after purchasing an additional 205 shares during the period. 94.16% of the stock is currently owned by hedge funds and other institutional investors.

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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, 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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