Zendesk Inc. (NYSE:ZEN) was up 2% on Thursday . The company traded as high as $27.34 and last traded at $27.14, with a volume of 484,388 shares traded. The stock had previously closed at $26.62.

ZEN has been the subject of a number of analyst reports. Canaccord Genuity reaffirmed a “buy” rating on shares of Zendesk in a research note on Friday, June 10th. Zacks Investment Research downgraded Zendesk from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. Summit Research initiated coverage on Zendesk in a research note on Monday, March 28th. They issued a “buy” rating and a $25.00 price target for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $28.00 price target (up previously from $25.00) on shares of Zendesk in a research note on Friday, May 6th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $29.00 price target (up previously from $23.00) on shares of Zendesk in a research note on Tuesday, April 19th. Seventeen analysts have rated the stock with a buy rating, Zendesk presently has an average rating of “Buy” and an average price target of $29.40.

The stock’s market cap is $2.59 billion. The firm has a 50 day moving average of $26.26 and a 200-day moving average of $22.66.

Zendesk (NYSE:ZEN) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.02. During the same quarter in the previous year, the company posted ($0.10) EPS. The firm had revenue of $68.46 million for the quarter, compared to the consensus estimate of $63.94 million. The firm’s revenue was up 62.1% compared to the same quarter last year. On average, equities analysts anticipate that Zendesk Inc. will post ($0.30) EPS for the current year.

In related news, Director Dana Stalder sold 20,000 shares of the stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $24.48, for a total transaction of $489,600.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Adrian Mcdermott sold 1,160 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $26.05, for a total value of $30,218.00. Following the completion of the sale, the senior vice president now directly owns 85,587 shares in the company, valued at approximately $2,229,541.35. The disclosure for this sale can be found here.

Several hedge funds have added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in Zendesk by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 99,604 shares of the company’s stock valued at $2,634,000 after buying an additional 1,553 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Zendesk by 5.9% in the fourth quarter. New York State Common Retirement Fund now owns 51,900 shares of the company’s stock valued at $1,372,000 after buying an additional 2,900 shares during the last quarter. Rhumbline Advisers boosted its stake in Zendesk by 11.6% in the fourth quarter. Rhumbline Advisers now owns 52,413 shares of the company’s stock valued at $1,386,000 after buying an additional 5,445 shares during the last quarter. UBS Oconnor LLC acquired a new stake in Zendesk during the fourth quarter valued at $1,322,000. Finally, Oxford Asset Management acquired a new stake in Zendesk during the fourth quarter valued at $1,396,000.

Zendesk, Inc is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company also provides SaaS live chat software that can be utilized independently to facilitate communications between organizations and their customers.

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