Guggenheim restated their buy rating on shares of Zendesk (NYSE:ZEN) in a research report sent to investors on Wednesday morning. They currently have a $44.00 price objective on the software maker’s stock.
Other research analysts have also recently issued reports about the stock. Royal Bank of Canada reaffirmed a buy rating and issued a $35.00 target price on shares of Zendesk in a report on Wednesday, October 18th. KeyCorp reiterated a buy rating and issued a $35.00 price target on shares of Zendesk in a research note on Sunday, October 15th. Canaccord Genuity lifted their price target on shares of Zendesk from $34.00 to $36.00 and gave the stock a buy rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Zendesk from a hold rating to a buy rating and set a $38.00 price target for the company in a research note on Tuesday, November 7th. Finally, Piper Jaffray Companies reiterated a buy rating and issued a $42.00 price target on shares of Zendesk in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. Zendesk has an average rating of Buy and an average price target of $40.31.
Zendesk (NYSE ZEN) opened at $39.10 on Wednesday. The stock has a market cap of $3,908.02, a PE ratio of -35.23 and a beta of 1.87. Zendesk has a twelve month low of $24.49 and a twelve month high of $42.35.
In related news, insider Adrian Mcdermott sold 1,679 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $34.39, for a total transaction of $57,740.81. Following the completion of the sale, the insider now directly owns 80,837 shares in the company, valued at $2,779,984.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Geschke sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $37.15, for a total transaction of $185,750.00. Following the sale, the senior vice president now owns 16,795 shares of the company’s stock, valued at $623,934.25. The disclosure for this sale can be found here. Insiders sold 101,426 shares of company stock valued at $3,543,308 over the last quarter. Company insiders own 5.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in ZEN. Advisor Group Inc. grew its position in Zendesk by 44.3% during the second quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock valued at $103,000 after buying an additional 1,137 shares during the period. Canada Pension Plan Investment Board bought a new stake in Zendesk during the third quarter valued at approximately $105,000. Cerebellum GP LLC bought a new stake in Zendesk during the fourth quarter valued at approximately $132,000. SG Americas Securities LLC bought a new stake in Zendesk during the third quarter valued at approximately $193,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Zendesk by 47.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,723 shares of the software maker’s stock valued at $194,000 after buying an additional 1,836 shares during the period. Institutional investors own 93.94% of the company’s stock.
Zendesk, Inc (Zendesk) is a software development company. The Zendesk family of products is built to work together to help organizations understand and manage customer relationships. All Zendesk products share a common interface and are being developed to support a shared services infrastructure and common customer data platform.
Receive News & Ratings for Zendesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk and related companies with MarketBeat.com's FREE daily email newsletter.