Zendesk Inc. (NYSE:ZEN) was down 3.7% on Thursday . The company traded as low as $27.81 and last traded at $27.91, with a volume of 285,402 shares trading hands. The stock had previously closed at $28.98.

A number of equities research analysts recently weighed in on ZEN shares. Zacks Investment Research raised shares of Zendesk from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Thursday, July 7th. Rosenblatt Securities reissued a “buy” rating and issued a $28.00 price target (up from $25.00) on shares of Zendesk in a research report on Friday, May 6th. Morgan Stanley reissued an “overweight” rating and issued a $28.00 price target (up from $24.00) on shares of Zendesk in a research report on Wednesday, May 4th. Canaccord Genuity reissued a “buy” rating on shares of Zendesk in a research report on Friday, June 10th. Finally, Piper Jaffray Cos. began coverage on shares of Zendesk in a report on Tuesday, May 31st. They issued an “overweight” rating and a $35.00 target price for the company. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $30.56.

The firm has a 50-day moving average of $27.22 and a 200 day moving average of $22.83. The company’s market cap is $2.58 billion.

Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. The company had revenue of $68.46 million for the quarter, compared to analyst estimates of $63.94 million. During the same period in the prior year, the business earned ($0.10) earnings per share. Zendesk’s revenue was up 62.1% on a year-over-year basis. Equities research analysts anticipate that Zendesk Inc. will post ($0.30) EPS for the current fiscal year.

In other news, CFO Alan J. Black sold 11,458 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $25.00, for a total value of $286,450.00. Following the transaction, the chief financial officer now directly owns 98,850 shares in the company, valued at approximately $2,471,250. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dana Stalder sold 20,000 shares of the firm’s 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 disclosure for this sale can be found here.

Other hedge funds have recently modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of 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 in the last quarter. Wells Fargo & Company MN increased its stake in shares of Zendesk by 51.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,604,904 shares of the company’s stock valued at $42,434,000 after buying an additional 541,977 shares in the last quarter. UBS Oconnor LLC purchased a new stake in shares of Zendesk during the fourth quarter valued at $1,322,000. Rhumbline Advisers increased its stake in shares of 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 in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of Zendesk during the fourth quarter valued at $1,695,000.

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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