Zendesk, Inc. (ZEN) Files Form 4 Insider Selling : Adrian Mcdermott Sells 1,245 Shares

Zendesk, Inc. (ZEN): Adrian Mcdermott , SVP of Product Development of Zendesk, Inc. sold 1,245 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 21, 2016 to the Securities and Exchange Commission. The shares were sold at $27.32 per share for a total value of $34,013.40 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, Adrian Mcdermott (SVP of Product Development) sold 2,085 shares at $26.98 per share price.On May 26, 2016, Dana Stalder (director) sold 20,000 shares at $24.48 per share price.Also, On May 20, 2016, John Geschke (GC, SVP Admin and Secretary) sold 5,000 shares at $23.59 per share price.On May 6, 2016, Alan J Black (SVP and CFO) sold 11,458 shares at $25.00 per share price.

Zendesk Inc: On Monday, Jun 20, 2016 heightened volatility was witnessed in Zendesk Inc which led to swings in the share price. The shares opened for trading at $27.32 and hit $27.88 on the upside , eventually ending the session at $27.51, with a gain of 1.85% or 0.5 points. The heightened volatility saw the trading volume jump to 6,66,926 shares. The 52-week high of the share price is $28 and the company has a market cap of $2,524 M . The 52-week low of the share price is at $14.385.

Zendesk Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Zendesk Inc is Initiated by Piper Jaffray to Overweight and the brokerage firm has set the Price Target at $35. The Rating was issued on Jun 1, 2016.

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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