Insider Selling: Zscaler Inc (ZS) EVP Sells $194,347.01 in Stock

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 4,807 shares of Zscaler stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $40.43, for a total value of $194,347.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, November 8th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $41.42, for a total value of $199,105.94.
  • On Thursday, November 1st, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $36.97, for a total value of $177,714.79.
  • 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $202,470.84.

Shares of ZS opened at $37.65 on Monday. The firm has a market capitalization of $4.60 billion and a price-to-earnings ratio of -121.45. Zscaler Inc has a 1 year low of $24.76 and a 1 year high of $48.24.

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

Several research analysts have weighed in on ZS shares. Morgan Stanley boosted their price objective on Zscaler from $31.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 6th. Zacks Investment Research upgraded Zscaler from a “sell” rating to a “hold” rating in a research note on Saturday, September 29th. BTIG Research lowered Zscaler from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research note on Monday, September 10th. They noted that the move was a valuation call. Credit Suisse Group boosted their target price on Zscaler from $38.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, September 6th. Finally, Wedbush started coverage on Zscaler in a research note on Thursday, October 18th. They issued an “outperform” rating and a $48.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $37.58.

Several large investors have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC raised its stake in shares of Zscaler by 366.5% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,363,453 shares of the company’s stock valued at $137,162,000 after purchasing an additional 2,642,516 shares during the period. Teachers Advisors LLC increased its stake in Zscaler by 3,428.6% in the 3rd quarter. Teachers Advisors LLC now owns 916,167 shares of the company’s stock worth $37,361,000 after acquiring an additional 890,203 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Zscaler by 59.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 173,025 shares of the company’s stock worth $7,056,000 after acquiring an additional 64,266 shares during the last quarter. Alexandria Capital LLC bought a new position in Zscaler in the 3rd quarter worth about $518,000. Finally, Luminus Management LLC bought a new position in Zscaler in the 3rd quarter worth about $5,588,000. Institutional investors own 23.26% of the company’s stock.

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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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