Insider Selling: Zscaler Inc (ZS) EVP Sells 4,807 Shares of Stock

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 4,807 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $78.05, for a total transaction of $375,186.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Thursday, May 9th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $67.59, for a total transaction of $324,905.13.
  • On Thursday, May 2nd, Amit Sinha sold 82,491 shares of Zscaler stock. The stock was sold at an average price of $66.77, for a total transaction of $5,507,924.07.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $238,427.20.

Zscaler stock opened at $76.64 on Tuesday. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of -247.23 and a beta of 1.22. Zscaler Inc has a 52 week low of $24.76 and a 52 week high of $80.38.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, February 28th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. The firm had revenue of $74.30 million for the quarter, compared to analysts’ expectations of $66.20 million. Zscaler had a negative net margin of 11.06% and a negative return on equity of 8.93%. Equities research analysts forecast that Zscaler Inc will post -0.27 earnings per share for the current year.

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

A number of institutional investors have recently added to or reduced their stakes in ZS. JPMorgan Chase & Co. raised its holdings in Zscaler by 16.3% during the third quarter. JPMorgan Chase & Co. now owns 1,649,765 shares of the company’s stock valued at $67,277,000 after acquiring an additional 231,351 shares during the period. Renaissance Technologies LLC bought a new stake in Zscaler during the third quarter valued at about $280,000. LPL Financial LLC bought a new stake in Zscaler during the third quarter valued at about $206,000. MetLife Investment Advisors LLC bought a new stake in Zscaler during the third quarter valued at about $371,000. Finally, Teachers Advisors LLC raised its holdings in Zscaler by 3,428.6% during the third quarter. Teachers Advisors LLC now owns 916,167 shares of the company’s stock valued at $37,361,000 after acquiring an additional 890,203 shares during the period. 30.46% of the stock is currently owned by hedge funds and other institutional investors.

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

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