Amit Sinha Sells 4,807 Shares of Zscaler Inc (ZS) Stock

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 4,807 shares of the business’s stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $35.16, for a total transaction of $169,014.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Amit Sinha also recently made the following trade(s):

  • On Thursday, October 18th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $37.46, for a total transaction of $180,070.22.
  • On Thursday, October 11th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $34.90, for a total transaction of $167,764.30.
  • On Thursday, October 4th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $37.73, for a total transaction of $181,368.11.
  • On Thursday, September 27th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $41.87, for a total transaction of $201,269.09.
  • On Thursday, September 20th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $38.29, for a total transaction of $184,060.03.
  • On Monday, September 17th, Amit Sinha sold 40,000 shares of Zscaler stock. The stock was sold at an average price of $41.67, for a total transaction of $1,666,800.00.
  • On Thursday, September 13th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $42.12, for a total transaction of $202,470.84.

Shares of NASDAQ:ZS opened at $36.29 on Thursday. The company has a market cap of $4.04 billion and a PE ratio of -117.06. Zscaler Inc has a twelve month low of $24.76 and a twelve month high of $48.24.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Wednesday, September 5th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. The company had revenue of $56.20 million for the quarter, compared to analysts’ expectations of $50.72 million. The firm’s quarterly revenue was up 53.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) EPS. As a group, research analysts expect that Zscaler Inc will post -0.33 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Emerald Advisers Inc. PA raised its position in Zscaler by 56.7% in the 3rd quarter. Emerald Advisers Inc. PA now owns 134,380 shares of the company’s stock valued at $5,480,000 after purchasing an additional 48,610 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its position in Zscaler by 81.4% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 145,236 shares of the company’s stock valued at $5,923,000 after purchasing an additional 65,176 shares during the last quarter. Frontier Capital Management Co. LLC purchased a new stake in Zscaler in the 3rd quarter valued at $2,719,000. Alps Advisors Inc. purchased a new stake in Zscaler in the 3rd quarter valued at $498,000. Finally, Seven Eight Capital LP purchased a new stake in Zscaler in the 3rd quarter valued at $796,000. Hedge funds and other institutional investors own 23.07% of the company’s stock.

Several research analysts have commented on ZS shares. Zacks Investment Research cut shares of Zscaler from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. BTIG Research downgraded shares of Zscaler from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research report on Monday, September 10th. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on shares of Zscaler from $31.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 6th. Needham & Company LLC boosted their price objective on shares of Zscaler from $45.00 to $47.50 and gave the stock a “strong-buy” rating in a research report on Thursday, September 6th. Finally, Credit Suisse Group boosted their price objective on shares of Zscaler from $38.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, September 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $37.58.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

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Insider Buying and Selling by Quarter for Zscaler (NASDAQ:ZS)

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