Traders Buy Large Volume of Call Options on Zscaler (NASDAQ:ZS)

Zscaler, Inc. (NASDAQ:ZSGet Free Report) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 28,610 call options on the company. This is an increase of 33% compared to the typical volume of 21,446 call options.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Cantor Fitzgerald cut their price objective on Zscaler from $230.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, May 31st. JMP Securities reissued a “market outperform” rating and issued a $270.00 price target on shares of Zscaler in a research note on Friday, May 31st. Barclays lifted their target price on shares of Zscaler from $205.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Morgan Stanley dropped their price target on shares of Zscaler from $214.00 to $202.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. Finally, UBS Group decreased their price objective on shares of Zscaler from $300.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Seven analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $224.00.

Check Out Our Latest Report on ZS

Insider Buying and Selling at Zscaler

In other news, CFO Remo Canessa sold 7,707 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the completion of the transaction, the chief financial officer now owns 255,943 shares in the company, valued at approximately $49,435,390.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Remo Canessa sold 7,707 shares of Zscaler stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $1,488,607.05. Following the transaction, the chief financial officer now directly owns 255,943 shares in the company, valued at approximately $49,435,390.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Syam Nair sold 2,893 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $558,782.95. Following the sale, the insider now directly owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,715 shares of company stock valued at $2,455,902. 19.20% of the stock is owned by corporate insiders.

Institutional Trading of Zscaler

A number of institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp bought a new stake in shares of Zscaler in the fourth quarter worth $29,000. Parkside Financial Bank & Trust boosted its stake in shares of Zscaler by 582.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after buying an additional 134 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Zscaler in the 4th quarter valued at about $37,000. Quadrant Capital Group LLC increased its position in shares of Zscaler by 66.7% in the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after acquiring an additional 70 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Zscaler by 109.0% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after acquiring an additional 109 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Price Performance

NASDAQ ZS opened at $178.93 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market cap of $26.82 billion, a price-to-earnings ratio of -350.84 and a beta of 0.85. The business has a 50 day simple moving average of $176.49 and a 200 day simple moving average of $204.20. Zscaler has a 52-week low of $131.59 and a 52-week high of $259.61.

About Zscaler

(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.

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