Zscaler, Inc. (NASDAQ:ZS) Insider Sells $260,739.50 in Stock

Zscaler, Inc. (NASDAQ:ZS) insider Robert Schlossman sold 1,435 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total value of $260,739.50. Following the transaction, the insider now owns 105,806 shares in the company, valued at approximately $19,224,950.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Robert Schlossman also recently made the following trade(s):

• On Monday, September 30th, Robert Schlossman sold 4,947 shares of Zscaler stock. The shares were sold at an average price of $170.22, for a total transaction of $842,078.34.

Zscaler Price Performance

Shares of Zscaler stock opened at $198.26 on Friday. The business has a fifty day simple moving average of $178.40 and a two-hundred day simple moving average of $180.68. Zscaler, Inc. has a 1 year low of $152.60 and a 1 year high of $259.61. The company has a market capitalization of $29.97 billion, a price-to-earnings ratio of -388.75 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The company had revenue of $592.90 million during the quarter, compared to analysts’ expectations of $567.46 million. During the same quarter last year, the company posted ($0.17) EPS. Zscaler’s quarterly revenue was up 30.3% compared to the same quarter last year. As a group, equities analysts anticipate that Zscaler, Inc. will post -0.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Raymond James initiated coverage on shares of Zscaler in a report on Tuesday, July 23rd. They issued a “market perform” rating on the stock. Cantor Fitzgerald dropped their price objective on Zscaler from $200.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Oppenheimer decreased their target price on Zscaler from $260.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Citigroup lowered their price target on Zscaler from $240.00 to $230.00 and set a “buy” rating for the company in a report on Friday, October 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $230.00 price objective on shares of Zscaler in a report on Wednesday, September 4th. Ten investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $216.97.

Hedge Funds Weigh In On Zscaler

Several institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning boosted its holdings in Zscaler by 7.6% in the 3rd quarter. Creative Planning now owns 148,534 shares of the company’s stock valued at $25,390,000 after purchasing an additional 10,551 shares during the period. Woodstock Corp acquired a new stake in shares of Zscaler in the third quarter valued at approximately $5,138,000. Shikiar Asset Management Inc. boosted its stake in shares of Zscaler by 7.1% in the third quarter. Shikiar Asset Management Inc. now owns 8,500 shares of the company’s stock valued at $1,453,000 after buying an additional 565 shares during the period. Cox Capital Mgt LLC acquired a new stake in Zscaler during the third quarter worth approximately $995,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Zscaler during the 3rd quarter worth $138,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

About Zscaler

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.