Zscaler Inc (ZS) EVP Sells $177,714.79 in Stock

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 4,807 shares of Zscaler stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $36.97, for a total transaction of $177,714.79. The sale 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 25th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $35.16, for a total transaction of $169,014.12.
  • 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.

ZS opened at $41.00 on Thursday. Zscaler Inc has a 1-year low of $24.76 and a 1-year high of $48.24. The firm has a market capitalization of $4.91 billion and a price-to-earnings ratio of -132.26.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Wednesday, September 5th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $56.20 million during the quarter, compared to the consensus estimate of $50.72 million. During the same period last year, the firm posted ($0.07) earnings per share. The company’s revenue for the quarter was up 53.8% on a year-over-year basis. On average, equities research analysts predict that Zscaler Inc will post -0.33 EPS for the current year.

A number of equities analysts recently weighed in on the stock. Credit Suisse Group lifted their target price on shares of Zscaler from $38.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, September 6th. Zacks Investment Research raised shares of Zscaler from a “sell” rating to a “hold” rating in a research note on Saturday, September 29th. Needham & Company LLC lifted their price target on shares of Zscaler to $45.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 17th. Morgan Stanley lifted their price target on shares of Zscaler from $31.00 to $41.00 and gave the company an “equal weight” rating in a research note on Thursday, September 6th. Finally, BTIG Research downgraded shares of Zscaler from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research note on Monday, September 10th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Zscaler presently has an average rating of “Hold” and an average price target of $37.58.

Institutional investors and hedge funds have recently bought and sold shares of the business. Optimum Investment Advisors increased its position in shares of Zscaler by 240.0% during the third quarter. Optimum Investment Advisors now owns 3,400 shares of the company’s stock worth $139,000 after acquiring an additional 2,400 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Zscaler during the first quarter worth about $114,000. Bessemer Group Inc. bought a new stake in shares of Zscaler during the third quarter worth about $232,000. Stevens Capital Management LP bought a new stake in shares of Zscaler during the second quarter worth about $211,000. Finally, Raymond James & Associates bought a new stake in shares of Zscaler during the second quarter worth about $255,000. 23.08% of the stock is owned by hedge funds and other institutional investors.

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Zscaler Company Profile

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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