Moody Aldrich Partners LLC Acquires New Stake in Zendesk Inc (NYSE:ZEN)

Moody Aldrich Partners LLC acquired a new stake in Zendesk Inc (NYSE:ZEN) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,470 shares of the software maker’s stock, valued at approximately $219,000.

A number of other institutional investors have also recently bought and sold shares of the stock. V Wealth Advisors LLC purchased a new position in Zendesk in the second quarter valued at approximately $441,000. Vident Investment Advisory LLC lifted its stake in Zendesk by 328.7% in the second quarter. Vident Investment Advisory LLC now owns 34,893 shares of the software maker’s stock valued at $3,089,000 after purchasing an additional 26,753 shares during the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in Zendesk in the second quarter valued at approximately $375,000. Cambridge Investment Research Advisors Inc. lifted its stake in Zendesk by 13.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,855 shares of the software maker’s stock valued at $607,000 after purchasing an additional 800 shares during the last quarter. Finally, Columbus Circle Investors lifted its stake in Zendesk by 22.9% in the second quarter. Columbus Circle Investors now owns 449,985 shares of the software maker’s stock valued at $39,837,000 after purchasing an additional 83,794 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

In related news, insider John Geschke sold 5,500 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $90.00, for a total value of $495,000.00. Also, insider Norman Gennaro sold 1,000 shares of the stock in a transaction on Monday, July 13th. The shares were sold at an average price of $93.30, for a total value of $93,300.00. Following the completion of the transaction, the insider now directly owns 21,128 shares in the company, valued at approximately $1,971,242.40. The disclosure for this sale can be found here. In the last three months, insiders sold 142,594 shares of company stock worth $11,218,424. 4.30% of the stock is owned by insiders.

Several equities analysts recently commented on the company. Citigroup assumed coverage on Zendesk in a research note on Thursday, July 16th. They issued a “neutral” rating and a $100.00 price objective on the stock. Stifel Nicolaus dropped their target price on Zendesk from $85.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. Wells Fargo & Co increased their target price on Zendesk from $95.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group increased their target price on Zendesk from $80.00 to $103.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Zacks Investment Research upgraded Zendesk from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Saturday. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Zendesk has a consensus rating of “Buy” and a consensus target price of $99.75.

ZEN traded down $9.37 during trading on Friday, reaching $91.15. The stock had a trading volume of 6,426,486 shares, compared to its average volume of 1,896,273. The stock has a market cap of $10.41 billion, a PE ratio of -58.06 and a beta of 1.33. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.44 and a current ratio of 1.44. Zendesk Inc has a one year low of $50.23 and a one year high of $101.94. The business has a 50-day moving average of $88.52 and a 200-day moving average of $79.73.

Zendesk (NYSE:ZEN) last released its earnings results on Thursday, July 30th. The software maker reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.34. The business had revenue of $246.66 million for the quarter, compared to analysts’ expectations of $239.82 million. Zendesk had a negative return on equity of 22.07% and a negative net margin of 19.24%. Equities research analysts forecast that Zendesk Inc will post -0.76 EPS for the current fiscal year.

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.

Further Reading: What is a closed-end mutual fund (CEF)?

Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

Receive News & Ratings for Zendesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk and related companies with MarketBeat.com's FREE daily email newsletter.