Insider Selling: Zscaler, Inc. (NASDAQ:ZS) Insider Sells 4,618 Shares of Stock

Zscaler, Inc. (NASDAQ:ZS - Get Free Report) insider Robert Schlossman sold 4,618 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $300.00, for a total value of $1,385,400.00. Following the sale, the insider now owns 95,612 shares in the company, valued at $28,683,600. The trade was a 4.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Robert Schlossman also recently made the following trade(s):

• On Friday, May 16th, Robert Schlossman sold 3,590 shares of Zscaler stock. The shares were sold at an average price of $250.00, for a total transaction of $897,500.00.
• On Tuesday, March 18th, Robert Schlossman sold 2,878 shares of Zscaler stock. The stock was sold at an average price of $199.15, for a total value of $573,153.70.

Zscaler Price Performance

Shares of Zscaler stock traded up $2.15 on Friday, hitting $303.03. The company had a trading volume of 3,015,332 shares, compared to its average volume of 2,068,719. The stock has a 50-day moving average of $227.81 and a 200-day moving average of $208.86. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $306.71. The firm has a market capitalization of $46.89 billion, a P/E 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.08. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm had revenue of $678.03 million during the quarter, compared to analyst estimates of $667.13 million. During the same period in the prior year, the business earned $0.88 EPS. The company's revenue for the quarter was up 22.6% compared to the same quarter last year. Equities analysts predict that Zscaler, Inc. will post -0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

ZS has been the subject of several research reports. Guggenheim reissued a "neutral" rating on shares of Zscaler in a research note on Friday, May 30th. UBS Group reiterated a "buy" rating and issued a $315.00 price objective (up from $260.00) on shares of Zscaler in a research report on Friday, May 30th. Rosenblatt Securities boosted their price objective on Zscaler from $235.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Piper Sandler reaffirmed a "neutral" rating and issued a $260.00 target price (up previously from $235.00) on shares of Zscaler in a research note on Friday, May 30th. Finally, The Goldman Sachs Group set a $207.00 price target on shares of Zscaler and gave the stock a "neutral" rating in a research report on Thursday, March 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $283.85.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Global X Japan Co. Ltd. lifted its position in 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 buying an additional 79 shares in the last quarter. ORG Partners LLC increased its position 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 acquiring an additional 94 shares during the last quarter. SVB Wealth LLC bought a new stake in Zscaler during the first quarter worth about $26,000. Summit Securities Group LLC bought a new stake in Zscaler during the fourth quarter worth about $27,000. Finally, Colonial Trust Co SC acquired a new position in Zscaler during the fourth quarter valued at approximately $28,000. 46.45% of the stock is currently owned by institutional investors.

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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