Analyst Price Target Update on Zendesk (NYSE:ZEN)

Zendesk (NYSE:ZEN) should head towards $30.57 per share according to 7 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $27 per share. The higher price estimate target is at $35 according to the Analysts.

Many analysts have stated their opinion on the company shares. Piper Jaffray initiates coverage on Zendesk (NYSE:ZEN) . The global brokerage major announces a current price target of $35 per share. Analysts at the Piper Jaffray have a current rating of Overweight on the shares. The rating by the firm was issued on June 1, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The officer (SVP of Product Development) of Zendesk, Inc., Mcdermott Adrian sold 66,387 shares at $27.06 on June 7, 2016. The Insider selling transaction had a total value worth of $1,796,432. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Zendesk (NYSE:ZEN) : On Monday heightened volatility was witnessed in Zendesk (NYSE:ZEN) which led to swings in the share price. The stock opened for trading at $26.87 and hit $27.18 on the upside , eventually ending the session at $26.97, with a gain of 0.26% or 0.07 points. The heightened volatility saw the trading volume jump to 1,194,526 shares. The 52-week high of the share price is $28 and the company has a market cap of $2,474 million. The 52-week low of the share price is at $14.385 .

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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