Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha Sells 4,807 Shares

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 4,807 shares of Zscaler stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $79.42, for a total value of $381,771.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Thursday, August 8th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $83.81, for a total value of $402,874.67.
  • On Thursday, August 1st, Amit Sinha sold 44,982 shares of Zscaler stock. The stock was sold at an average price of $84.96, for a total value of $3,821,670.72.
  • On Thursday, June 27th, Amit Sinha sold 2,000 shares of Zscaler stock. The stock was sold at an average price of $78.00, for a total value of $156,000.00.
  • On Thursday, June 20th, Amit Sinha sold 18,000 shares of Zscaler stock. The stock was sold at an average price of $80.78, for a total value of $1,454,040.00.
  • On Thursday, June 13th, Amit Sinha sold 97,339 shares of Zscaler stock. The stock was sold at an average price of $79.89, for a total value of $7,776,412.71.
  • On Thursday, June 6th, Amit Sinha sold 24,807 shares of Zscaler stock. The stock was sold at an average price of $72.52, for a total value of $1,799,003.64.
  • On Thursday, May 30th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $72.96, for a total value of $350,718.72.
  • On Thursday, May 23rd, Amit Sinha sold 9,942 shares of Zscaler stock. The stock was sold at an average price of $76.93, for a total value of $764,838.06.

ZS opened at $80.91 on Friday. The stock has a market cap of $10.24 billion, a PE ratio of -261.00 and a beta of 1.12. Zscaler Inc has a 1 year low of $30.72 and a 1 year high of $89.54. The stock’s 50 day simple moving average is $82.77 and its 200-day simple moving average is $69.88.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The firm had revenue of $79.10 million for the quarter, compared to the consensus estimate of $74.92 million. Zscaler had a negative net margin of 11.12% and a negative return on equity of 10.95%. The business’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. Analysts anticipate that Zscaler Inc will post -0.17 earnings per share for the current year.

Several equities research analysts recently weighed in on ZS shares. Wedbush boosted their target price on Zscaler from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Needham & Company LLC restated a “strong-buy” rating and issued a $89.00 target price (up from $65.00) on shares of Zscaler in a report on Friday, May 31st. Berenberg Bank started coverage on Zscaler in a report on Friday, May 31st. They issued a “hold” rating and a $78.00 target price for the company. BMO Capital Markets started coverage on Zscaler in a report on Thursday, August 1st. They issued a “market perform” rating and a $100.00 target price for the company. Finally, Cowen started coverage on Zscaler in a report on Thursday, May 23rd. They issued an “outperform” rating and a $85.00 target price for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $74.25.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZS. Tortoise Index Solutions LLC acquired a new stake in Zscaler in the 1st quarter valued at $25,000. CSat Investment Advisory L.P. acquired a new position in shares of Zscaler during the second quarter valued at $25,000. FTB Advisors Inc. acquired a new position in shares of Zscaler during the first quarter valued at $26,000. Nisa Investment Advisors LLC acquired a new position in shares of Zscaler during the first quarter valued at $28,000. Finally, Meadow Creek Investment Management LLC bought a new stake in Zscaler in the second quarter valued at about $32,000. Institutional investors and hedge funds own 34.54% of the company’s stock.

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.

Further Reading: Operating Income

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

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