Monday, February 12, 2018 10:15 PM ET
Insider at Zendesk (ZEN) Makes Significant Sale of Stock
A notable insider sale of the shares of Zendesk was disclosed in a form 4 document filed with the SEC today, showing — Mikkel Svane, Director and Officer — disposed of 50,000 shares in the company having a market value of approximately $1,951,540. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 7,429 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 57,429 shares and have averaged 19,143 shares per transaction over this time period.
The level of buy-sell trades at Zendesk is close to that of the 33 member peer company average. The Application Software peer group saw 87 buy/sell trades during this period for an average of 2.6 transactions per company. However, trading at Zendesk represents a lower number of shares per transaction. Within the peer group there were 1,125 shares purchased and 1,830,427 shares sold with company insiders disposing of 21,026 shares on average over this time period.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data used to create and write this story.
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