Zscaler Inc (ZS) EVP Amit Sinha Sells 82,491 Shares

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 82,491 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $66.77, for a total value of $5,507,924.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, March 26th, Amit Sinha sold 20,000 shares of Zscaler stock. The stock was sold at an average price of $71.30, for a total value of $1,426,000.00.
  • On Friday, March 22nd, Amit Sinha sold 1,310 shares of Zscaler stock. The stock was sold at an average price of $70.32, for a total value of $92,119.20.
  • On Thursday, March 14th, Amit Sinha sold 50,000 shares of Zscaler stock. The stock was sold at an average price of $64.75, for a total value of $3,237,500.00.
  • On Friday, March 1st, Amit Sinha sold 85,579 shares of Zscaler stock. The stock was sold at an average price of $60.10, for a total value of $5,143,297.90.
  • On Thursday, February 21st, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $49.60, for a total value of $238,427.20.
  • On Thursday, February 14th, Amit Sinha sold 104,807 shares of Zscaler stock. The stock was sold at an average price of $50.15, for a total value of $5,256,071.05.
  • On Thursday, February 7th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $47.26, for a total value of $227,178.82.

NASDAQ ZS opened at $67.40 on Friday. The firm has a market capitalization of $8.37 billion, a P/E ratio of -217.42 and a beta of 1.23. Zscaler Inc has a twelve month low of $24.76 and a twelve month high of $72.94.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, February 28th. The company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.05. The business had revenue of $74.30 million during the quarter, compared to the consensus estimate of $66.20 million. Zscaler had a negative return on equity of 8.93% and a negative net margin of 11.06%. Equities analysts anticipate that Zscaler Inc will post -0.27 EPS for the current fiscal year.

ZS has been the subject of a number of research reports. Morgan Stanley set a $43.00 price target on Zscaler and gave the company a “sell” rating in a research note on Friday, March 1st. Barclays increased their price target on Zscaler from $42.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, March 1st. Robert W. Baird reiterated a “buy” rating and issued a $65.00 price target on shares of Zscaler in a research note on Tuesday, April 9th. Needham & Company LLC reiterated a “strong-buy” rating and issued a $65.00 price target on shares of Zscaler in a research note on Friday, March 1st. They noted that the move was a valuation call. Finally, Bank of America set a $53.00 price target on Zscaler and gave the company a “hold” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Zscaler presently has an average rating of “Hold” and a consensus target price of $57.38.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FTB Advisors Inc. acquired a new stake in Zscaler in the first quarter valued at $26,000. Nisa Investment Advisors LLC acquired a new stake in Zscaler in the first quarter valued at $28,000. Mascoma Wealth Management LLC acquired a new stake in Zscaler in the fourth quarter valued at $39,000. Quantamental Technologies LLC acquired a new stake in Zscaler in the fourth quarter valued at $39,000. Finally, Acadian Asset Management LLC increased its holdings in Zscaler by 561.3% in the fourth quarter. Acadian Asset Management LLC now owns 1,230 shares of the company’s stock valued at $48,000 after purchasing an additional 1,044 shares during the period. Institutional investors and hedge funds own 29.89% 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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