ZEN

Zendesk (ZEN) Is Going Private

Today Reuters is reporting: "Nov 22 ( Reuters ) - Software company Zendesk Inc ( ZEN.N ) on Tuesday completed its sale to a group of private equity firms led by Hellman & Friedman and Permira in a deal valued at $10.2 billion after prolonged pressure from activist investor Jana Partners." For full coverage click here. Shares of the mid-cap Technology company have not moved much on the news as of the afternoon trading session, and are currently trading at $77.48.

Zendesk, Inc., a software development company, provides software as a service solutions for organizations in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, Zendesk has a trailing 12 month P/E ratio of -38.7 and a P/B ratio of 27.7.

Zendesk has moved -15.5% over the last year compared to -15.8% for the S&P 500 -- a difference of 0.2%. Zendesk has a 52 week high of $130.83 and a 52 week low of $54.16. At today's price of $77.48 per share, Zendesk is -16.86% away from its target price of $93.19, and on average, analysts give the stock a rating of hold.7.5% of the company's shares are linked to short positions, and 85.1% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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