Hunt Lane Capital Lp Exits Position in Zendesk Inc (ZEN)

Zendesk Inc (ZEN) : Hunt Lane Capital Lp has sold out all of its stake in Zendesk Inc during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 510,000 shares of Zendesk Inc which is valued at $11,964,600.

Other Hedge Funds, Including , Paradigm Asset Management Co sold out all of its stake in ZEN during the most recent quarter. The investment firm sold 4,700 shares of ZEN which is valued $110,262.Lord Abbett boosted its stake in ZEN in the latest quarter, The investment management firm added 672,022 additional shares and now holds a total of 2,206,634 shares of Zendesk Inc which is valued at $52,738,553. Zendesk Inc makes up approx 0.17% of Lord Abbett’s portfolio.Keybank National Associationoh reduced its stake in ZEN by selling 3,042 shares or 15.23% in the most recent quarter. The Hedge Fund company now holds 16,933 shares of ZEN which is valued at $411,641.Trillium Asset Management reduced its stake in ZEN by selling 53,835 shares or 37.6% in the most recent quarter. The Hedge Fund company now holds 89,327 shares of ZEN which is valued at $2,348,407. Zendesk Inc makes up approx 0.15% of Trillium Asset Management’s portfolio.

Zendesk Inc closed down -0.49 points or -2.15% at $22.27 with 21,89,262 shares getting traded on Monday. Post opening the session at $22.76, the shares hit an intraday low of $22.05 and an intraday high of $22.815 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Zendesk Inc reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $-0.06. The company had revenue of $80.70 million for the quarter, compared to analysts expectations of $79.45 million. The company’s revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

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 Company’s 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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