.jpg "Zendesk (NYSE: ZEN)")
Today it was reported that the Chair and CEO of Zendesk (ZEN), Mikkel Svane, exercised options to buy 100 ZEN shares at $9.52 a share, for a total transaction value of $952.
Following Mikkel Svane’s last ZEN Buy transaction on February 12, 2018, the stock climbed by 42.7%. This is Svane’s first Buy trade following 3 Sell transactions.
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Based on Zendesk’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $172 million and GAAP net loss of $33.25 million. In comparison, last year the company earned revenue of $130 million and had a GAAP net loss of $29.33 million. Currently, Zendesk has an average volume of 1.75M. The Company has a Price to Book ratio of 21.4977.
14 different firms, including Merrill Lynch and Canaccord Genuity, currently also have a Buy rating on the stock. Starting in February 2019, ZEN received 9 Buy ratings in a row. Based on 15 analyst ratings, the analyst consensus is Strong Buy with an average price target of $87.79, reflecting a 3.9% upside.
The insider sentiment on Zendesk has been negative according to 169 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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Zendesk, Inc. engages in the provision of customer service platform which enables companies to provide customer support. Its products and services include support; guide; chat; talk; message; inbox team email; explore; connect plus outbound; integrations and apps; embeddables; insights and analytics; and products update.
