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

Zscaler, Inc. (NASDAQ:ZSGet 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:ZSGet 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.

See Also

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

Want More Great Investing Ideas?

Receive News & Ratings for Zscaler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zscaler and related companies with MarketBeat.com's FREE daily email newsletter.