Charles Stewart Mott Foundation adds Zendesk Inc (ZEN) to its portfolio

Zendesk Inc (ZEN) : Charles Stewart Mott Foundation added new position in Zendesk Inc during the most recent quarter end. The investment management firm now holds 26,050 shares of Zendesk Inc which is valued at $611,394 , the company said in a statement filed on May 12, 2016 with the SEC.Zendesk Inc makes up approximately 2.21% of Charles Stewart Mott Foundation’s portfolio.

Other Hedge Funds, Including , Adams Street Partners sold out all of its stake in ZEN during the most recent quarter. The investment firm sold 31,262 shares of ZEN which is valued $733,719.Blackrock Advisors boosted its stake in ZEN in the latest quarter, The investment management firm added 172,533 additional shares and now holds a total of 393,283 shares of Zendesk Inc which is valued at $9.2 Million. Zendesk Inc makes up approx 0.01% of Blackrock Advisors’s portfolio.Essex Investment Management Co boosted its stake in ZEN in the latest quarter, The investment management firm added 5,472 additional shares and now holds a total of 15,925 shares of Zendesk Inc which is valued at $373,760. Zendesk Inc makes up approx 0.06% of Essex Investment Management Co’s portfolio.Pier Capital reduced its stake in ZEN by selling 47,653 shares or 14.86% in the most recent quarter. The Hedge Fund company now holds 272,979 shares of ZEN which is valued at $6.4 Million. Zendesk Inc makes up approx 1.26% of Pier Capital’s portfolio.Swiss National Bank boosted its stake in ZEN in the latest quarter, The investment management firm added 17,400 additional shares and now holds a total of 78,800 shares of Zendesk Inc which is valued at $1.8 Million.

Zendesk Inc opened for trading at $23.45 and hit $24.37 on the upside on Friday, eventually ending the session at $24.36, with a gain of 4.46% or 1.04 points. The heightened volatility saw the trading volume jump to 7,26,224 shares. Company has a market cap of $2,234,859 M.

On the company’s financial health, Zendesk Inc reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.10. The company had revenue of $68.46 million for the quarter, compared to analysts expectations of $66.12 million. The company’s revenue was up 62.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.

Many Wall Street Analysts have commented on Zendesk Inc. Shares were Reiterated by Rosenblatt on Feb 17, 2016 to “Buy” and Lowered the Price Target to $ 25 from a previous price target of $28 .

Zendesk Inc. (Zendesk) is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company answers customers’ questions and solves their problems through email chat voice social media and Websites. Its platform also helps people find answers on their own through knowledge bases and communities. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company through its subsidiary Zopim provides live chat software as a standalone service and as an integrated service with its customer service platform for chat-enabled agents. The Company also offers freemium plans for its customer service platform and live chat software as well as email collaboration software. Its customers are located in 150 countries and territories and provide service through its customer service platform in over 40 languages.

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