Zendesk, Inc. (NYSE:ZEN)‘s stock had its “outperform” rating restated by Wells Fargo & Company in a report released on Thursday, The Fly reports. They presently have a $40.00 price objective on the software maker’s stock, up from their previous price objective of $32.00. Wells Fargo & Company’s price objective would indicate a potential upside of 29.03% from the company’s current price.

ZEN has been the topic of several other reports. ValuEngine cut Zendesk from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Piper Jaffray Companies set a $33.00 price target on Zendesk and gave the company a “buy” rating in a report on Saturday, August 5th. BidaskClub cut Zendesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research cut Zendesk from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, KeyCorp reissued a “buy” rating and set a $35.00 price target on shares of Zendesk in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $33.33.

Zendesk (NYSE:ZEN) last released its quarterly earnings data on Wednesday, November 1st. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. The business had revenue of $112.79 million for the quarter, compared to analysts’ expectations of $109.19 million. Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) EPS.

WARNING: “Zendesk, Inc. (ZEN) Rating Reiterated by Wells Fargo & Company” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/11/02/zendesk-inc-zen-rating-reiterated-by-wells-fargo-company.html.

In other news, Chairman Mikkel Svane sold 50,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $28.10, for a total value of $1,405,000.00. Following the completion of the sale, the chairman now directly owns 1,730,990 shares in the company, valued at approximately $48,640,819. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John T. Keiser sold 10,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $29.00, for a total value of $290,000.00. Following the completion of the sale, the chief operating officer now owns 15,606 shares of the company’s stock, valued at $452,574. The disclosure for this sale can be found here. Insiders sold a total of 85,823 shares of company stock valued at $2,429,819 over the last 90 days. 5.30% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in shares of Zendesk in the 3rd quarter worth $105,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Zendesk in the 1st quarter worth $103,000. Advisor Group Inc. increased its stake in shares of Zendesk by 44.3% in the 2nd quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock worth $103,000 after purchasing an additional 1,137 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Zendesk by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock worth $108,000 after purchasing an additional 352 shares in the last quarter. Finally, Fortaleza Asset Management Inc. purchased a new stake in shares of Zendesk in the 2nd quarter worth $115,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

About Zendesk

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.

The Fly

Analyst Recommendations for Zendesk (NYSE:ZEN)

Receive News & Ratings for Zendesk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk Inc. and related companies with MarketBeat.com's FREE daily email newsletter.