Shares of Zendesk Inc (NYSE:ZEN) fell 6.9% during trading on Monday . The company traded as low as $77.61 and last traded at $78.42. 2,839,426 shares were traded during trading, an increase of 61% from the average session volume of 1,763,215 shares. The stock had previously closed at $84.25.

A number of brokerages recently commented on ZEN. Morgan Stanley increased their price target on Zendesk from $97.00 to $102.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. KeyCorp increased their price target on Zendesk from $71.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, February 6th. Bank of America reaffirmed a “buy” rating and set a $105.00 price target (up from $100.00) on shares of Zendesk in a research report on Wednesday, May 1st. Craig Hallum increased their price target on Zendesk from $68.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, February 6th. Finally, Zacks Investment Research downgraded Zendesk from a “buy” rating to a “hold” rating and set a $98.00 price target for the company. in a research report on Friday, May 3rd. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $91.46.

The company has a debt-to-equity ratio of 1.34, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $8.97 billion, a PE ratio of -82.55 and a beta of 1.59.

Zendesk (NYSE:ZEN) last released its earnings results on Tuesday, April 30th. The software maker reported ($0.28) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.28). Zendesk had a negative return on equity of 25.37% and a negative net margin of 22.52%. The business had revenue of $181.48 million during the quarter, compared to the consensus estimate of $179.53 million. During the same period last year, the business posted $0.02 earnings per share. The business’s revenue for the quarter was up 39.8% on a year-over-year basis. Analysts anticipate that Zendesk Inc will post -1.07 EPS for the current fiscal year.

In other news, CFO Elena Gomez sold 5,500 shares of Zendesk stock in a transaction on Monday, May 20th. The stock was sold at an average price of $86.51, for a total value of $475,805.00. Following the completion of the transaction, the chief financial officer now directly owns 26,436 shares in the company, valued at $2,286,978.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Elizabeth A. Nelson sold 10,000 shares of Zendesk stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $88.74, for a total value of $887,400.00. Following the completion of the transaction, the director now owns 49,870 shares of the company’s stock, valued at $4,425,463.80. The disclosure for this sale can be found here. Insiders sold 104,882 shares of company stock valued at $8,993,638 over the last three months. Company insiders own 4.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Investment Advisory Services LLC bought a new stake in Zendesk during the first quarter valued at $34,000. Sageworth Trust Co bought a new stake in Zendesk during the first quarter valued at $42,000. Flinton Capital Management LLC bought a new stake in Zendesk during the fourth quarter valued at $30,000. Fifth Third Bancorp boosted its stake in Zendesk by 66.6% during the first quarter. Fifth Third Bancorp now owns 513 shares of the software maker’s stock valued at $44,000 after buying an additional 205 shares during the period. Finally, CWM LLC boosted its stake in Zendesk by 90.0% during the first quarter. CWM LLC now owns 532 shares of the software maker’s stock valued at $45,000 after buying an additional 252 shares during the period. Institutional investors own 97.45% of the company’s stock.

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Zendesk Company Profile (NYSE:ZEN)

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.

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