Zscaler, Inc. (NASDAQ:ZS) COO Dali Rajic Sells 5,638 Shares

Zscaler, Inc. (NASDAQ:ZSGet Rating) COO Dali Rajic sold 5,638 shares of Zscaler stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $106.79, for a total value of $602,082.02. Following the completion of the sale, the chief operating officer now directly owns 291,182 shares of the company’s stock, valued at approximately $31,095,325.78. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Zscaler Price Performance

NASDAQ:ZS opened at $105.49 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.16. The company has a market capitalization of $15.31 billion, a P/E ratio of -46.07 and a beta of 0.88. Zscaler, Inc. has a 12 month low of $99.64 and a 12 month high of $253.74. The business’s 50-day moving average is $122.67 and its 200 day moving average is $135.00.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on Zscaler in a report on Tuesday, January 24th. They issued a “neutral” rating and a $124.00 target price for the company. MKM Partners cut their price objective on Zscaler from $225.00 to $190.00 and set a “buy” rating for the company in a report on Monday, November 28th. The Goldman Sachs Group began coverage on Zscaler in a report on Tuesday, February 14th. They issued a “neutral” rating and a $148.00 price objective for the company. Stifel Nicolaus cut their price objective on Zscaler from $165.00 to $135.00 in a report on Friday, March 3rd. Finally, Capital One Financial began coverage on Zscaler in a report on Friday. They issued an “equal weight” rating and a $125.00 price objective for the company. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $170.14.

Institutional Investors Weigh In On Zscaler

Hedge funds have recently made changes to their positions in the company. First Personal Financial Services bought a new stake in Zscaler during the third quarter worth approximately $26,000. Accurate Wealth Management LLC bought a new stake in Zscaler during the fourth quarter worth approximately $27,000. Sonnipe Ltd bought a new stake in Zscaler during the fourth quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Zscaler during the second quarter worth approximately $37,000. Finally, Ellevest Inc. bought a new stake in Zscaler during the third quarter worth approximately $37,000. 45.33% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Company Profile

(Get Rating)

Zscaler, Inc engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K.

Further Reading

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

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