Zendesk (ZEN) Shares are Up 1.09%

Zendesk (ZEN) : Traders are bullish on Zendesk (ZEN) as it has outperformed the S&P 500 by a wide margin of 4.79% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.04%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.09% in the last 1 week, and is up 5.87% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.47% and the 50-Day Moving Average is 9.18%. Zendesk (NYSE:ZEN): On Fridays trading session , Opening price of the stock was $30.71 with an intraday high of $30.9065. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $30.3. However, the stock managed to close at $30.47, a loss of 1.04% for the day. On the previous day, the stock had closed at $30.79. The total traded volume of the day was 583,476 shares.


The company Insiders own 17% of Zendesk shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.32% . Institutional Investors own 79.89% of Zendesk shares. During last six month period, the net percent change held by insiders has seen a change of -2.75%. Also, Equity Analysts at the Brokerage Firm, UBS, maintains their rating on the shares of Zendesk (NYSE:ZEN). UBS has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $34 per share from a prior target of $31. The rating by the firm was issued on August 3, 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 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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