Insider Selling: Zscaler, Inc. (NASDAQ:ZS) Director Sells 20,333 Shares of Stock

Zscaler, Inc. (NASDAQ:ZS - Get Free Report) Director Andrew William Fraser Brown sold 20,333 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $296.72, for a total transaction of $6,033,207.76. Following the completion of the sale, the director now owns 27,216 shares of the company's stock, valued at approximately $8,075,531.52. The trade was a 42.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Andrew William Fraser Brown also recently made the following trade(s):

• On Wednesday, April 2nd, Andrew William Fraser Brown sold 10,000 shares of Zscaler stock. The shares were sold at an average price of $206.00, for a total transaction of $2,060,000.00.

Zscaler Trading Up 0.7%

Shares of NASDAQ:ZS traded up $2.15 during trading on Friday, hitting $303.03. 3,015,314 shares of the company's stock traded hands, compared to its average volume of 2,068,719. The company has a 50-day moving average price of $227.81 and a 200-day moving average price of $208.86. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $306.71. The company has a market cap of $46.89 billion, a price-to-earnings ratio of -1,212.12 and a beta of 1.14.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. The firm had revenue of $678.03 million for the quarter, compared to the consensus estimate of $667.13 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business's quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. On average, analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zscaler

Institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC lifted its holdings in shares of Zscaler by 284.8% in the first quarter. ORG Partners LLC now owns 127 shares of the company's stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. SVB Wealth LLC acquired a new position in Zscaler during the 1st quarter worth approximately $26,000. Global X Japan Co. Ltd. grew its stake in shares of Zscaler by 127.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company's stock worth $25,000 after acquiring an additional 79 shares in the last quarter. Goodman Advisory Group LLC acquired a new stake in shares of Zscaler in the first quarter valued at approximately $29,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Zscaler in the first quarter worth $29,000. 46.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JMP Securities lifted their price objective on Zscaler from $240.00 to $310.00 and gave the company a "market outperform" rating in a research report on Friday, May 30th. Wall Street Zen lowered Zscaler from a "buy" rating to a "hold" rating in a report on Saturday, May 31st. Truist Financial restated a "buy" rating and issued a $300.00 price objective (up previously from $260.00) on shares of Zscaler in a report on Friday, May 30th. Rosenblatt Securities raised their price objective on shares of Zscaler from $235.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Robert W. Baird boosted their target price on shares of Zscaler from $295.00 to $315.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Ten research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $283.85.

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.

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