Zendesk, Inc. (NYSE:ZEN) CTO Adrian Mcdermott Sells 242 Shares

Zendesk, Inc. (NYSE:ZENGet Rating) CTO Adrian Mcdermott sold 242 shares of Zendesk stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $100.56, for a total transaction of $24,335.52. Following the completion of the sale, the chief technology officer now directly owns 93,573 shares of the company’s stock, valued at $9,409,700.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, May 2nd, Adrian Mcdermott sold 9,761 shares of Zendesk stock. The shares were sold at an average price of $120.25, for a total transaction of $1,173,760.25.
  • On Thursday, February 17th, Adrian Mcdermott sold 607 shares of Zendesk stock. The shares were sold at an average price of $116.09, for a total transaction of $70,466.63.

Shares of NYSE:ZEN traded up $1.55 on Tuesday, hitting $100.19. The company had a trading volume of 1,333,215 shares, compared to its average volume of 2,113,131. The firm’s 50-day simple moving average is $117.74 and its two-hundred day simple moving average is $108.34. Zendesk, Inc. has a 1 year low of $87.90 and a 1 year high of $153.43. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of -50.10 and a beta of 0.94.

Zendesk (NYSE:ZENGet Rating) last posted its earnings results on Thursday, April 28th. The software maker reported $0.12 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.03). The company had revenue of $388.30 million during the quarter, compared to analysts’ expectations of $384.62 million. Zendesk had a negative return on equity of 36.18% and a negative net margin of 16.91%. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.29) earnings per share. Equities research analysts anticipate that Zendesk, Inc. will post -1.04 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp grew its stake in shares of Zendesk by 56.9% in the third quarter. Mackenzie Financial Corp now owns 5,171 shares of the software maker’s stock worth $602,000 after acquiring an additional 1,876 shares during the period. TD Asset Management Inc. boosted its position in shares of Zendesk by 0.9% in the third quarter. TD Asset Management Inc. now owns 23,846 shares of the software maker’s stock worth $2,775,000 after purchasing an additional 224 shares during the period. CIBC Asset Management Inc boosted its position in shares of Zendesk by 10.1% in the third quarter. CIBC Asset Management Inc now owns 4,745 shares of the software maker’s stock worth $552,000 after purchasing an additional 434 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Zendesk by 26.6% during the third quarter. Teacher Retirement System of Texas now owns 18,976 shares of the software maker’s stock worth $2,209,000 after acquiring an additional 3,986 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Zendesk by 3.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 345,894 shares of the software maker’s stock worth $40,259,000 after acquiring an additional 10,622 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

ZEN has been the topic of several analyst reports. Piper Sandler boosted their price target on shares of Zendesk from $112.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, February 11th. UBS Group boosted their price target on shares of Zendesk from $117.00 to $128.00 in a report on Friday, February 11th. Wolfe Research cut shares of Zendesk from an “outperform” rating to a “peer perform” rating and set a $130.00 price target on the stock. in a report on Sunday, February 13th. StockNews.com began coverage on shares of Zendesk in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Zacks Investment Research lowered shares of Zendesk from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $134.30.

About Zendesk (Get Rating)

Zendesk, Inc, a software development company, provides software as a service solutions for organizations in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels.

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