Zscaler, Inc. (NASDAQ:ZS) Insider Robert Schlossman Sells 4,184 Shares of Stock

Zscaler, Inc. (NASDAQ:ZS – Get Rating) insider Robert Schlossman sold 4,184 shares of Zscaler stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $136.67, for a total value of $571,827.28. Following the sale, the insider now directly owns 112,861 shares of the company’s stock, valued at approximately $15,424,712.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zscaler stock opened at $144.22 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a fifty day moving average of $173.51 and a two-hundred day moving average of $230.82. The company has a market capitalization of $20.46 billion, a price-to-earnings ratio of -54.01 and a beta of 1.12. Zscaler, Inc. has a fifty-two week low of $125.12 and a fifty-two week high of $376.11.

Zscaler (NASDAQ:ZS – Get Rating) last released its quarterly earnings results on Thursday, May 26th. The company reported ($0.61) earnings per share for the quarter, topping the consensus estimate of ($0.63) by $0.02. The company had revenue of $286.81 million during the quarter, compared to the consensus estimate of $271.47 million. Zscaler had a negative return on equity of 58.37% and a negative net margin of 38.52%. Zscaler’s revenue was up 62.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.30) earnings per share. On average, analysts forecast that Zscaler, Inc. will post -2.32 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Zscaler in the first quarter valued at $149,000. Morgan Stanley grew its position in shares of Zscaler by 1.9% in the second quarter. Morgan Stanley now owns 344,900 shares of the company’s stock valued at $74,520,000 after purchasing an additional 6,365 shares during the period. Royal Bank of Canada grew its position in Zscaler by 1.8% during the third quarter. Royal Bank of Canada now owns 55,723 shares of the company’s stock valued at $14,612,000 after acquiring an additional 993 shares during the period. Guggenheim Capital LLC grew its position in Zscaler by 49.0% during the third quarter. Guggenheim Capital LLC now owns 2,999 shares of the company’s stock valued at $786,000 after acquiring an additional 986 shares during the period. Finally, Beacon Pointe Advisors LLC purchased a new stake in Zscaler during the third quarter valued at about $627,000. 43.41% of the stock is owned by institutional investors.

A number of research analysts have issued reports on ZS shares. BTIG Research decreased their price target on Zscaler from $326.00 to $184.00 and set a “buy” rating for the company in a report on Friday, May 27th. Citigroup dropped their price target on Zscaler from $295.00 to $225.00 in a research report on Friday, May 27th. Daiwa Capital Markets upgraded Zscaler from an “underperform” rating to a “buy” rating and upped their target price for the company from $286.00 to $296.00 in a report on Tuesday, March 1st. Canaccord Genuity Group decreased their price target on Zscaler from $320.00 to $210.00 in a research note on Friday, May 27th. Finally, Credit Suisse Group decreased their price target on Zscaler from $410.00 to $310.00 and set an “outperform” rating on the stock in a research note on Friday, May 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $248.26.

About Zscaler (Get Rating)

Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device 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.

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