Shares of Zendesk Inc (NYSE:ZEN) hit a new 52-week high and low during trading on Thursday . The company traded as low as $60.26 and last traded at $59.18, with a volume of 44662 shares changing hands. The stock had previously closed at $59.61.

A number of analysts recently commented on the company. Craig Hallum increased their price target on Zendesk from $45.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, May 18th. KeyCorp reaffirmed a “buy” rating and set a $58.00 price target on shares of Zendesk in a research report on Friday, May 18th. Stifel Nicolaus increased their price target on Zendesk from $45.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, May 18th. JMP Securities increased their price target on Zendesk from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 18th. Finally, Morgan Stanley increased their price target on Zendesk from $48.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, May 2nd. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $48.13.

The firm has a market cap of $5.95 billion, a price-to-earnings ratio of -57.50 and a beta of 1.55. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 1.10.

Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Tuesday, May 1st. The software maker reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.05. Zendesk had a negative return on equity of 30.37% and a negative net margin of 24.18%. The business had revenue of $129.79 million during the quarter, compared to analyst estimates of $126.76 million. equities analysts anticipate that Zendesk Inc will post -0.97 EPS for the current fiscal year.

In other news, CFO Elena Gomez sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the chief financial officer now directly owns 13,382 shares of the company’s stock, valued at $669,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth A. Nelson sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $56.68, for a total value of $566,800.00. Following the completion of the transaction, the director now directly owns 15,810 shares of the company’s stock, valued at $896,110.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,887 shares of company stock valued at $2,063,035. 4.70% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of ZEN. BlackRock Inc. boosted its stake in Zendesk by 31.2% during the first quarter. BlackRock Inc. now owns 9,533,969 shares of the software maker’s stock valued at $456,391,000 after buying an additional 2,268,774 shares during the period. Wells Fargo & Company MN boosted its stake in Zendesk by 14.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,105,554 shares of the software maker’s stock valued at $71,251,000 after buying an additional 258,469 shares during the period. Whale Rock Capital Management LLC boosted its stake in Zendesk by 6.1% during the first quarter. Whale Rock Capital Management LLC now owns 1,916,448 shares of the software maker’s stock valued at $91,740,000 after buying an additional 110,547 shares during the period. JPMorgan Chase & Co. boosted its stake in Zendesk by 1.4% during the first quarter. JPMorgan Chase & Co. now owns 1,802,828 shares of the software maker’s stock valued at $86,301,000 after buying an additional 24,640 shares during the period. Finally, EMS Capital LP boosted its stake in Zendesk by 35.0% during the fourth quarter. EMS Capital LP now owns 1,620,000 shares of the software maker’s stock valued at $54,821,000 after buying an additional 420,000 shares during the period. 93.96% of the stock is owned by hedge funds and other institutional investors.

Zendesk Company Profile

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.

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