Zscaler, Inc. (NASDAQ:ZS – Get Rating) COO Dali Rajic sold 32,239 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $167.97, for a total value of $5,415,184.83. Following the sale, the chief operating officer now owns 290,599 shares of the company’s stock, valued at approximately $48,811,914.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Zscaler Price Performance
ZS opened at $169.49 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. Zscaler, Inc. has a 1-year low of $125.12 and a 1-year high of $376.11. The company has a 50-day moving average of $162.68 and a 200-day moving average of $178.10. The company has a market capitalization of $24.04 billion, a P/E ratio of -61.19 and a beta of 1.02.
Zscaler (NASDAQ:ZS – Get Rating) last announced its quarterly earnings data on Thursday, September 8th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $318.06 million during the quarter, compared to analyst estimates of $305.54 million. Zscaler had a negative return on equity of 56.62% and a negative net margin of 35.77%. Zscaler’s quarterly revenue was up 61.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.48) earnings per share. Equities analysts expect that Zscaler, Inc. will post -2.15 EPS for the current fiscal year.
Analyst Ratings Changes
Hedge Funds Weigh In On Zscaler
Several institutional investors have recently made changes to their positions in the stock. Brown Advisory Inc. boosted its position in shares of Zscaler by 2.3% during the second quarter. Brown Advisory Inc. now owns 4,311 shares of the company’s stock worth $645,000 after buying an additional 97 shares during the period. Royal London Asset Management Ltd. lifted its position in Zscaler by 5.7% in the second quarter. Royal London Asset Management Ltd. now owns 29,992 shares of the company’s stock worth $4,487,000 after purchasing an additional 1,611 shares during the period. Riverbridge Partners LLC acquired a new stake in Zscaler in the second quarter worth approximately $641,000. M&G Investment Management Ltd. increased its holdings in shares of Zscaler by 5.9% in the second quarter. M&G Investment Management Ltd. now owns 5,708 shares of the company’s stock valued at $856,000 after buying an additional 316 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Zscaler by 4.8% in the second quarter. Legal & General Group Plc now owns 622,717 shares of the company’s stock valued at $93,102,000 after buying an additional 28,579 shares in the last quarter. 45.51% of the stock is owned by institutional investors.
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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