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

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 4,807 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $41.42, for a total value of $199,105.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Thursday, November 29th, Amit Sinha sold 6,730 shares of Zscaler stock. The stock was sold at an average price of $36.51, for a total value of $245,712.30.
  • On Sunday, November 25th, Amit Sinha sold 2,884 shares of Zscaler stock. The stock was sold at an average price of $33.90, for a total value of $97,767.60.
  • On Thursday, November 15th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $40.43, for a total value of $194,347.01.
  • 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $38.29, for a total value of $184,060.03.

ZS stock traded down $0.14 during midday trading on Monday, hitting $39.12. The company’s stock had a trading volume of 2,160,000 shares, compared to its average volume of 1,379,781. The stock has a market capitalization of $4.79 billion and a PE ratio of -126.19. Zscaler Inc has a 12 month low of $24.76 and a 12 month high of $48.24.

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

A number of research analysts have weighed in on the company. Wedbush assumed coverage on Zscaler in a report on Thursday, October 18th. They set an “outperform” rating and a $48.00 target price on the stock. Robert W. Baird restated an “outperform” rating on shares of Zscaler in a research note on Thursday, October 18th. Zacks Investment Research downgraded Zscaler from a “hold” rating to a “sell” rating in a research note on Saturday, October 13th. BTIG Research downgraded Zscaler from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Monday, September 10th. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price target on Zscaler from $31.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $37.58.

A number of hedge funds have recently added to or reduced their stakes in the stock. MYDA Advisors LLC bought a new position in shares of Zscaler during the 2nd quarter valued at $644,000. Federated Investors Inc. PA grew its position in shares of Zscaler by 119.9% during the second quarter. Federated Investors Inc. PA now owns 333,000 shares of the company’s stock valued at $11,905,000 after purchasing an additional 181,600 shares in the last quarter. Pier Capital LLC grew its position in shares of Zscaler by 65.5% during the second quarter. Pier Capital LLC now owns 176,693 shares of the company’s stock valued at $6,317,000 after purchasing an additional 69,933 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Zscaler during the first quarter valued at about $5,514,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Zscaler during the first quarter valued at about $2,890,000. 24.46% of the stock is currently owned by institutional investors and hedge funds.

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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.

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