Miura Global Management adds Zendesk Inc (ZEN) to its portfolio

Zendesk Inc (ZEN) : Miura Global Management added new position in Zendesk Inc during the most recent quarter end. The investment management firm now holds 900,000 shares of Zendesk Inc which is valued at $21,114,000 , the company said in a statement filed on Nov 14, 2016 with the SEC.Zendesk Inc makes up approximately 2.51% of Miura Global Management’s portfolio.

Other Hedge Funds, Including , Next Century Growth Investors boosted its stake in ZEN in the latest quarter, The investment management firm added 127,948 additional shares and now holds a total of 370,995 shares of Zendesk Inc which is valued at $8,703,543. Zendesk Inc makes up approx 0.41% of Next Century Growth Investors’s portfolio. Trexquant Investment Lp sold out all of its stake in ZEN during the most recent quarter. The investment firm sold 20,600 shares of ZEN which is valued $492,340.Geode Capital Management boosted its stake in ZEN in the latest quarter, The investment management firm added 61,547 additional shares and now holds a total of 476,164 shares of Zendesk Inc which is valued at $11,380,320. Zendesk Inc makes up approx 0.01% of Geode Capital Management’s portfolio.Rhumbline Advisers boosted its stake in ZEN in the latest quarter, The investment management firm added 7,295 additional shares and now holds a total of 85,027 shares of Zendesk Inc which is valued at $2,119,723. Zendesk Inc makes up approx 0.01% of Rhumbline Advisers’s portfolio. Sg Americas Securities added ZEN to its portfolio by purchasing 14,786 company shares during the most recent quarter which is valued at $368,615.

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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