Zscaler, Inc. (NASDAQ:ZS) Insider Sells $737,578.24 in Stock

Zscaler, Inc. (NASDAQ:ZS) insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the sale, the insider now owns 142,866 shares of the company’s stock, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zscaler Stock Up 2.3 %

Shares of NASDAQ:ZS opened at $187.38 on Friday. The firm has a market capitalization of $28.75 billion, a PE ratio of -749.52 and a beta of 0.82. The company has a 50-day moving average price of $197.50 and a two-hundred day moving average price of $187.67. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $259.61.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. During the same period in the previous year, the business earned ($0.18) EPS. Zscaler’s revenue was up 26.4% compared to the same quarter last year. Analysts anticipate that Zscaler, Inc. will post -0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on ZS. Rosenblatt Securities reissued a “neutral” rating and set a $190.00 price target on shares of Zscaler in a research note on Wednesday, September 4th. Scotiabank raised their target price on Zscaler from $195.00 to $205.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, December 3rd. Wedbush dropped their price target on Zscaler from $260.00 to $220.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Morgan Stanley reduced their price objective on shares of Zscaler from $215.00 to $205.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets increased their target price on shares of Zscaler from $197.00 to $222.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and an average target price of $224.84.

Institutional Trading of Zscaler

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its holdings in Zscaler by 8.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company’s stock valued at $149,000 after buying an additional 66 shares in the last quarter. American Trust grew its stake in Zscaler by 6.1% during the second quarter. American Trust now owns 1,210 shares of the company’s stock valued at $233,000 after acquiring an additional 70 shares in the last quarter. Valley Brook Capital Group Inc. increased its holdings in Zscaler by 4.0% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock worth $337,000 after acquiring an additional 75 shares during the period. Rockline Wealth Management LLC lifted its stake in Zscaler by 5.1% in the 2nd quarter. Rockline Wealth Management LLC now owns 1,798 shares of the company’s stock worth $345,000 after purchasing an additional 88 shares in the last quarter. Finally, Cynosure Group LLC boosted its holdings in Zscaler by 4.4% in the 3rd quarter. Cynosure Group LLC now owns 2,131 shares of the company’s stock valued at $364,000 after purchasing an additional 89 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.