Zendesk Inc (ZEN) is Initiated by Piper Jaffray to Overweight, Price Target at $35

Zendesk Inc (ZEN) was Initiated by Piper Jaffray to “Overweight” and the brokerage firm has set the Price Target at $35. Piper Jaffray advised their investors in a research report released on Jun 1, 2016.

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.

Zendesk Inc closed down -0.01 points or -0.04% at $24.48 with 7,24,974 shares getting traded on Friday. Post opening the session at $24.3, the shares hit an intraday low of $24 and an intraday high of $24.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 26, 2016, Dana Stalder (director) sold 20,000 shares at $24.48 per share price. According to the SEC, on May 25, 2016, Adrian Mcdermott (SVP of Product Development) sold 10,920 shares at $25.05 per share price. On May 20, 2016, John Geschke (GC, SVP Admin and Secretary) sold 5,000 shares at $23.59 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Zendesk Inc

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