Shares of Zendesk (ZEN) Sees Large Outflow of Money

Zendesk (ZEN) : Net money flow in Zendesk (ZEN) was negative ($1.18 million) and the inflow of money on uptick was $0.93 million, whereas, the outflow of money on downticks amounted to $2.11 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.44. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $1.17 million. The money flow in block trades was negative ($1.17). Zendesk (ZEN) gained $0.09 cent during the day and reached $31.33, a gain of 0.29% over the previous day.


Also, UBS maintains its view on Zendesk (NYSE:ZEN) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. UBS raises the price target from $31 per share to $34 per share on Zendesk . The rating by the firm was issued on August 3, 2016.

Zendesk, Inc. has dropped 1.06% in the last five trading days, however, the shares have posted positive gains of 2.8% in the last 4 weeks. Zendesk, Inc. is up 19.84% in the last 3-month period. Year-to-Date the stock performance stands at 16.75%.

Zendesk (NYSE:ZEN): The stock opened at $31.19 on Tuesday but the bulls could not build on the opening and the stock topped out at $31.43 for the day. The stock traded down to $30.79 during the day, due to lack of any buying support eventually closed down at $30.87 with a loss of -1.18% for the day. The stock had closed at $31.24 on the previous day. The total traded volume was 642,365 shares.

In a related news,The director of Zendesk, Inc., Marooney Caryn sold 32,033 shares at $30.42 on August 10, 2016. The Insider selling transaction had a total value worth of $974,444. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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 Companys 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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