The CEO’s of Zendesk Inc. (ZEN) and Oasis Petroleum Inc. (OAS) Discard Shares, Plus Insider Buying at 3 Other Companies

Customer Service Software Company’s Founder Unloads Shares

Turning our attention to the insider selling arena, the man in charge of Zendesk Inc. (NYSE:ZEN) sold some of his company’s shares this past week. Mikkel Svane, the CEO and founder of Zendesk, discarded 50,000 shares on Thursday and 100,000 shares on Friday at prices ranging from $30.30 to $30.85 per share. After the recent sales, Mr. Svane currently holds an ownership stake of 3.32 million shares.

The software development company that offers an SaaS customer service platform has seen its market cap increase by 15% thus far in 2016. Zendesk Inc. (NYSE:ZEN)’s revenue for the three months ended June 30 was $74.2 million, up by 54% year-over-year. The company derives the majority of its revenue from subscription services, comprised of subscription fees from customer accounts on its customer service platform. The increase in the top-line figure was attributable to the addition of new customer accounts and the sustained expansion of existing customer accounts. Connecticut-based Columbus Circle Investors reported owning 1.25 million shares of Zendesk Inc. (NYSE:ZEN) in its latest 13F filing.

E&P Company’s CEO Offloads Shares

Oasis Petroleum Inc. (NYSE:OAS)‘s most influential and informed executive unloaded shares last week. President and Chief Executive Officer Thomas B. Nusz sold 200,000 shares on Wednesday at prices that ranged from $8.83 to $9.02 per share. Mr. Nusz currently owns 1.59 million shares of Oasis.

The independent exploration and production company, which is focused on the acquisition and development of unconventional oil and natural gas resources mainly in the North Dakota and Montana regions of the Williston Basin, has gained 32% since the start of the year. Oasis Petroleum Inc. (NYSE:OAS)’s total revenue fell by $51.0 million year-over-year to $179.1 million during the second quarter of 2016, mainly reflecting lower realized oil sales prices. There were 29 hedge funds followed by Insider Monkey with stakes in Oasis Petroleum at the end of March, amassing around 34% of the company’s outstanding shares. John Griffin’s Blue Ridge Capital owns 4.55 million shares of Oasis Petroleum Inc. (NYSE:OAS) as of the end of June.

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