Insider Selling: Zscaler, Inc. (NASDAQ:ZS) Director Sells 3,680 Shares of Stock

Zscaler, Inc. (NASDAQ:ZS) Director Amit Sinha sold 3,680 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $183.94, for a total value of $676,899.20. Following the completion of the transaction, the director now directly owns 36,800 shares in the company, valued at $6,768,992. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, November 3rd, Amit Sinha sold 3,680 shares of Zscaler stock. The shares were sold at an average price of $165.00, for a total transaction of $607,200.00.
• On Thursday, October 19th, Amit Sinha sold 3,680 shares of Zscaler stock. The stock was sold at an average price of $175.22, for a total transaction of $644,809.60.
• On Monday, October 9th, Amit Sinha sold 7,360 shares of Zscaler stock. The stock was sold at an average price of $165.69, for a total transaction of $1,219,478.40.

Zscaler Price Performance

NASDAQ:ZS traded up $4.49 during trading hours on Monday, reaching $191.96. 1,569,694 shares of the company’s stock were exchanged, compared to its average volume of 2,469,391. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $28.25 billion, a P/E ratio of -132.96 and a beta of 0.81. Zscaler, Inc. has a 12 month low of $84.93 and a 12 month high of $193.49. The business’s 50-day simple moving average is $163.34 and its two-hundred day simple moving average is $149.67.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, September 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.15. Zscaler had a negative return on equity of 31.64% and a negative net margin of 12.51%. The business had revenue of $455.00 million during the quarter, compared to analyst estimates of $430.38 million. During the same period last year, the company posted ($0.40) EPS. The company’s revenue was up 43.0% compared to the same quarter last year. Sell-side analysts expect that Zscaler, Inc. will post -1.11 EPS for the current fiscal year.

Institutional Trading of Zscaler

A number of hedge funds have recently bought and sold shares of ZS. International Assets Investment Management LLC raised its holdings in shares of Zscaler by 2.7% during the first quarter. International Assets Investment Management LLC now owns 2,558 shares of the company’s stock valued at $617,000 after acquiring an additional 67 shares during the period. Xponance Inc. raised its stake in Zscaler by 0.6% during the 3rd quarter. Xponance Inc. now owns 12,411 shares of the company’s stock valued at $1,931,000 after purchasing an additional 68 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Zscaler by 3.5% in the second quarter. Harbor Capital Advisors Inc. now owns 2,042 shares of the company’s stock valued at $299,000 after purchasing an additional 69 shares in the last quarter. Malaga Cove Capital LLC boosted its position in shares of Zscaler by 1.0% in the second quarter. Malaga Cove Capital LLC now owns 6,812 shares of the company’s stock worth $997,000 after buying an additional 69 shares during the period. Finally, Bouvel Investment Partners LLC boosted its position in shares of Zscaler by 0.5% in the third quarter. Bouvel Investment Partners LLC now owns 16,641 shares of the company’s stock worth $2,589,000 after buying an additional 76 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 target price on shares of Zscaler in a research report on Tuesday, October 24th. BTIG Research upped their target price on Zscaler from $185.00 to $191.00 and gave the company a “buy” rating in a research report on Wednesday, September 6th. Barclays raised shares of Zscaler from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $176.00 to $190.00 in a research report on Monday, October 9th. UBS Group upped their price target on shares of Zscaler from $175.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, September 6th. Finally, Macquarie raised their price objective on shares of Zscaler from $135.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, September 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.51.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices 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.