Zendesk, Inc. (ZEN) Files Form 4 Insider Selling : Adrian Mcdermott Sells 4,164 Shares

Zendesk, Inc. (ZEN): Adrian Mcdermott , SVP of Product Development of Zendesk, Inc. sold 4,164 shares on Jun 23, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $27.61 per share for a total value of $114,954.30 , 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 24, 2016, Adrian Mcdermott (SVP of Product Development) sold 4,164 shares at $27.61 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.

Shares of Zendesk Inc (ZEN) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -1.9 points or -6.81% at $26 with 46,21,043 shares getting traded. Post opening the session at $26.34, the shares hit an intraday low of $25.96 and an intraday high of $27.09 and the price vacillated in this range throughout the day. The company has a market cap of $2,385 M and the number of outstanding shares has been calculated to be 9,17,43,091 shares. The 52-week high of Zendesk Inc is $28 and the 52-week low is $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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