Market Globalist

Insider Alert: Zendesk Inc. [ZEN]’s Chief of Staff, Geschke John, Makes A $764,060 Sell

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On Jan. 05, Geschke John divested U.S. $764,060 in shares of Zendesk Inc.. The Chief of Staff sold 5,500 shares at a price per share of $138.92. The transaction decreased this specific insider’s holdings to 32,195 shares worth around $4.65 million at present.

Stifel took its Zendesk Inc. [ZEN] rating to the equivalent of a Buy from a Hold, and the price target to $145 from $90, in a research note dated October 30, 2020. That figure represents around a 0.46% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with Stifel’s analysts upgrading the shares from “a Hold” rating to “a Buy” rating in a research note to investors issued in late October. Meanwhile, Piper Sandler had raised its rating on ZEN to “an Overweight” from the earlier “Neutral”, in a research note produced for clients September 01, 2020. In addition, there was a new coverage from Citigroup on July 16, 2020. The research firm rated ZEN “a Neutral”.


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Is Zendesk Inc. [NYSE:ZEN] a Good Buy Right Now?

It should be noted that ZEN technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Zendesk Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.99 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.44 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.38 million shares.

ZEN Price Performance

On Wall Street, Zendesk Inc. [NYSE:ZEN] finished Thursday’s session up 4.80% at $144.33. The stock went up to $144.33 at the same session while its lowest single day price was $139.54. In the last five days, it saw a rise of about 2.15%, Zendesk Inc. shares gained by almost 0.85% since the beginning of the year. However, the share price has dropped to as low as -0.18% below its one year high. On 01/07/21, the company shares recorded $144.33, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $135.48. The company’s shares have inclined by 80.86% in the past year. The 50-day SMA achieved is $130.54 while the 200-day SMA is $98.29. Volume gained to 1.24 million from 1.14 million in the previous session.

ZEN Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 141.14 level, and in case of violation of this particular level, it will cause more drop to 137.94 level. On the upper level, 147.52 is still the key resistance. The stock may increase to the subsequent resistance at 145.93. The Relative Strength Index (RSI) pinned on the 14-day chart is 61.86, implying a neutral technical stance while the MACD stands at -0.12, meaning price will decrease in the next trading period. Percent R indicator moved to 2.85%, implying bullish price movement. Stochastic %K at 67.50% suggest holding the stock.

What is the short interest in Zendesk Inc.?

Short interest in the Zendesk Inc. stock has surged, increasing by 1.66 million shares to total 7.64 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 9.3 million, data from Yahoo Finance shows. The decrease of -21.73% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 7.51% of the overall float for the stock.

Zendesk Inc.’s Biggest Shareholders: Who Owns Zendesk Inc. [ZEN]?

Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 10,097,956 shares or roughly 8.65% of the outstanding ZEN shares. This means their shares have reduced by -192,574 from the 10,097,956 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, T. Rowe Price Associates, Inc. updated stake is worth $1,194,313,962. Details in the latest 13F filings reveal that Janus Capital Management LLC acquired their 0.29% stake valued at $968,918,703 while Fidelity Management & Research Co added theirs at $809,510,625. During the last quarter, Janus Capital Management LLC raised 21,230 of its shares in Zendesk Inc. while Fidelity Management & Research Co bought 65,167 shares. The BlackRock Fund Advisors’s holdings currently number 5,087,525 shares at $734282483.25. According to the firm’s last 13F report, Capital Research & Management Co shares in the company at filing stood at 4,964,624 shares, roughly $662,777,304.

ZEN Earnings Forecast For The Current Quarter

Zendesk Inc. [ZEN] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $277.92M and an earnings per share of $0.14 for Dec 2020. Looking further ahead, the company is expected to report revenue of $290.47M at an EPS of $0.13 for Mar 2021. The estimates represent upside of 24.40% and 38.03% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.

ZEN Earnings Estimates For The Current Year

For the financial year, Zendesk Inc. [NYSE:ZEN] is expected to bring in revenue of $1.02B. The returns are nearly $203.58 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.57, higher than that of FY19 by $0.26. Estimates put this year’s earnings growth at 83.90%, 36.80% for the next, and at an annual 75.00% over the next 5-year period. As for sales, forecasts are for an increase of 25.50% in the current fiscal year and a further 24.40% over the following year.

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What are analyst thoughts on Zendesk Inc.?

Looking forward to the Zendesk Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Zendesk Inc. stock at $132.00 within the next 12 months, which represents almost -9.34 per cent growth from its previous closing price of $144.33. The highest analysts’ target for Zendesk Inc. stock projections is $165.00 and the lowest one is $113.00. Still, 22 analysts sharing their consensus rating for ZEN stock in 2021 agree that it is an Overweight.

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