Shares of Zendesk, Inc. (NYSE:ZEN) Marketed by Harel Insurance Investments & Financial Services Ltd.


Harel Insurance Investments & Financial Services Ltd. has reduced its stake in Zendesk, Inc.NYSE: ZENGet 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: ZENGet 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

(Get Votes)

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.

See also

Want to see other hedge funds holding ZEN? Go to HoldingsChannel.com to access the latest 13F filings and internal sales of Zendesk, Inc.NYSE: ZENGet Votes).



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