Zscaler, Inc. (NASDAQ:ZS - Get Free Report) insider Adam Geller sold 3,009 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total value of $913,833.30. Following the transaction, the insider now owns 50,475 shares of the company's stock, valued at $15,329,257.50. The trade was a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Adam Geller also recently made the following trade(s):
- On Wednesday, June 18th, Adam Geller sold 3,662 shares of Zscaler stock. The stock was sold at an average price of $306.72, for a total value of $1,123,208.64.
Zscaler Trading Down 0.6%
Shares of Zscaler stock traded down $1.90 on Wednesday, reaching $305.41. 2,019,325 shares of the company were exchanged, compared to its average volume of 2,056,870. Zscaler, Inc. has a one year low of $153.45 and a one year high of $309.19. The company has a 50-day moving average of $245.91 and a 200 day moving average of $214.17.
Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.08. Zscaler had a negative return on equity of 0.59% and a negative net margin of 1.52%. The company had revenue of $678.03 million for the quarter, compared to analysts' expectations of $667.13 million. During the same quarter in the prior year, the business posted $0.88 EPS. The business's revenue was up 22.6% compared to the same quarter last year. Equities research 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 and hedge funds have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. bought a new stake in Zscaler in the 1st quarter valued at $516,622,000. Nuveen LLC bought a new stake in Zscaler in the 1st quarter valued at $153,340,000. Goldman Sachs Group Inc. raised its stake in Zscaler by 23.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company's stock valued at $604,831,000 after acquiring an additional 578,883 shares during the period. AQR Capital Management LLC raised its stake in Zscaler by 120.1% in the 4th quarter. AQR Capital Management LLC now owns 964,031 shares of the company's stock valued at $173,921,000 after acquiring an additional 525,956 shares during the period. Finally, Natixis bought a new stake in Zscaler in the 4th quarter valued at $87,775,000. Institutional investors own 46.45% of the company's stock.
Analyst Ratings Changes
ZS has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Zscaler from $292.00 to $348.00 and gave the company an "overweight" rating in a research report on Monday. Jefferies Financial Group decreased their price objective on Zscaler from $245.00 to $240.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Bank of America boosted their price objective on Zscaler from $285.00 to $340.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Truist Financial reiterated a "buy" rating and issued a $300.00 price objective (up from $260.00) on shares of Zscaler in a research report on Friday, May 30th. Finally, FBN Securities upgraded Zscaler to a "strong-buy" rating in a research report on Friday, May 30th. Eight analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $294.03.
View Our Latest Report on ZS
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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