Harel Insurance Investments & Financial Services Ltd. has reduced its stake in Zendesk, Inc.NYSE: ZEN – Get Votes) and 48.1% in the first year, according to the company’s most recent filing with the Securities & Exchange Commission. The firm owned 711 shares of the software developer’s stock after selling 659 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. at Zendesk were worth $86,000 at the end of the reporting period.
Several other businesses have also modified their holdings in ZEN. Capital World Investors raised its stake in shares of Zendesk by 47.8% during the fourth quarter. Capital World Investors now owns 14,666,370 shares of the software developer’s stock valued at $1,529,556,000 after buying an additional 4,743,356 shares during the period. Contour Asset Management LLC lifted its holdings in shares of Zendesk by 1,238.0% in the fourth quarter. Contour Asset Management LLC now owns 1,441,826 shares of the software company’s stock valued at $150,368,000 after buying an additional 1,334,069 shares during the period. Third Point LLC acquired a new stake in shares of Zendesk during the fourth quarter worth $136,036,000. Spyglass Capital Management LLC acquired a new stake in shares of Zendesk during the fourth quarter valued at $118,690,000. Finally, Light Street Capital Management LLC lifted its position in shares of Zendesk by 136.3% in the fourth quarter. Light Street Capital Management LLC now owns 1,243,981 shares of the software company’s stock valued at $129,735,000 after purchasing an additional 717,511 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.
Wall Street Analyst Weight In
ZEN has been the subject of several recent reports. Jefferies Financial Group cut their price objective on Zendesk from $120.00 to $110.00 in a research report on Monday, May 23rd. Piper Sandler cut their target price on Zendesk from $140.00 to $77.50 and set a “neutral” rating on the stock in a research report on Monday, July 18th. UBS Group cut their target price on Zendesk from $128.00 to $77.50 in a research report on Friday, June 24th. Stifel Nicolaus cut their price target on Zendesk from $150.00 to $100.00 in a research report on Friday, June 10th. Finally, Canaccord Genuity Group downgraded Zendesk from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Twelve analysts have rated the stock with a buy rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a “Hold” rating and a target price of $95.69.
Insiders Place Their Bets
In other Zendesk news, internals Norman Gennaro sold 7,000 shares of the company’s stock in a transaction dated Tuesday, July 19th. The coins were sold at a price of $75.00, for a price of $525,000.00. Following the transaction, the insider now owns 28,715 shares of the company’s stock, valued at approximately $2,153,625. The transaction was disclosed in a regulatory filing with the SEC, which is available through SEC website. In other news, insider Norman Gennaro sold 7,000 shares of the company’s stock in a transaction dated Tuesday, July 19th. The products were sold at a price of $75.00, for a total transaction of $525,000.00. Following the completion of the sale, the shareholder now owns 28,715 shares in the company, valued at approximately $2,153,625. The transaction was disclosed in a filing with the SEC, which is available through This hyperlink. Also, CTO Adrian McDermott sold 9,761 shares of the company’s stock in a transaction dated Monday, May 2nd. The coins were sold at a price of $120.25, for a price of $1,173,760.25. Following the sale, the chief technology officer now owns 92,760 shares of the company’s stock, valued at approximately $11,154,390. Disclosures for these products can be found Here. Insiders sold 31,003 shares of company stock worth $2,952,996 over the last three months. Insiders own 2.92% of the company’s stock.
Zendesk Stock Performance
Sections a The price of ZEN shares opened at $75.25 on Monday. The company has a debt ratio of 3.47, a current ratio of 1.62 and a quick ratio of 1.62. Zendesk, Inc. it has a seventy week low of $54.16 and a seventy week high of $153.43. The stock’s 50-day moving average is $77.89 and its 200-day moving average is $100.38. The company has market capitalization of $9.28 billion, a P/E ratio of -37.63 and a beta of 1.04.
Zendesk (NYSE: ZEN – Get Votes) last released its results on Thursday, April 28th. The developer reported ($0.43) earnings per share, missing estimates of ($0.28) and ($0.15). Zendesk had a negative return on investment of 36.18% and a gross margin of 16.91%. The company had revenue of $388.30 million for the quarter, compared to analyst estimates of $384.62 million. During the same period last year, the company earned ($0.29) per share. Business revenue for the quarter was up 30.3% year-over-year. Analysts predict that Zendesk, Inc. will post -1.06 earnings per share for the fiscal year.
Zendesk Company Profile
Zendesk, Inc., a software company, provides software as a solution for organizations in the United States, Europe, the Middle East, Africa, Asia Pacific, and other countries. Its main product is Zendesk Support, a system for tracking, prioritizing, and resolving customer support tickets across multiple channels.
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