Zscaler, Inc. (NASDAQ:ZS) Insider Sells $558,782.95 in Stock

Zscaler, Inc. (NASDAQ:ZSGet Free Report) insider Syam Nair sold 2,893 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $558,782.95. Following the completion of the sale, the insider now directly owns 137,294 shares in the company, valued at $26,518,336.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Zscaler Price Performance

NASDAQ:ZS opened at $194.95 on Friday. The firm’s 50-day moving average price is $227.67 and its 200-day moving average price is $198.71. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19. Zscaler, Inc. has a 1-year low of $84.93 and a 1-year high of $259.61.

Zscaler (NASDAQ:ZSGet Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. The company had revenue of $525.00 million for the quarter, compared to analysts’ expectations of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. On average, sell-side analysts anticipate that Zscaler, Inc. will post -0.83 EPS for the current year.

Hedge Funds Weigh In On Zscaler

A number of hedge funds have recently bought and sold shares of ZS. Jones Financial Companies Lllp bought a new position in Zscaler during the 4th quarter valued at about $29,000. BluePath Capital Management LLC bought a new position in Zscaler during the 3rd quarter valued at about $32,000. Parkside Financial Bank & Trust lifted its stake in Zscaler by 582.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock valued at $35,000 after acquiring an additional 134 shares during the period. GAMMA Investing LLC bought a new position in Zscaler during the 4th quarter valued at about $37,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of Zscaler by 66.7% in the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after purchasing an additional 70 shares during the period. Institutional investors own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

ZS has been the topic of several research reports. Barclays decreased their price target on shares of Zscaler from $259.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. TD Cowen lifted their price target on shares of Zscaler from $195.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 28th. Citigroup lifted their price target on shares of Zscaler from $235.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Rosenblatt Securities lifted their price target on shares of Zscaler from $285.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Macquarie reissued an “outperform” rating and set a $245.00 price target on shares of Zscaler in a research note on Tuesday. Six research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.55.

Read Our Latest Research Report on ZS

Zscaler Company Profile

(Get Free Report)

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.

Further Reading

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

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