Karen Blasing Sells 2,000 Shares of Zscaler, Inc. (NASDAQ:ZS) Stock

Last updated on Monday, June 21, 2021 | 2021 MarketBeat

Zscaler, Inc. (NASDAQ:ZS) Director Karen Blasing sold 2,000 shares of Zscaler stock in a transaction dated Monday, June 21st. The shares were sold at an average price of $216.25, for a total value of $432,500.00. Following the completion of the transaction, the director now owns 3,763 shares of the company's stock, valued at approximately $813,748.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Karen Blasing also recently made the following trade(s):

  • On Monday, June 7th, Karen Blasing sold 2,000 shares of Zscaler stock. The shares were sold at an average price of $188.89, for a total value of $377,780.00.
  • On Wednesday, May 26th, Karen Blasing sold 1,000 shares of Zscaler stock. The shares were sold at an average price of $195.00, for a total value of $195,000.00.
  • On Monday, May 24th, Karen Blasing sold 1,500 shares of Zscaler stock. The shares were sold at an average price of $174.68, for a total value of $262,020.00.
  • On Monday, May 10th, Karen Blasing sold 1,500 shares of Zscaler stock. The shares were sold at an average price of $166.34, for a total value of $249,510.00.
  • On Monday, April 26th, Karen Blasing sold 2,000 shares of Zscaler stock. The shares were sold at an average price of $193.85, for a total value of $387,700.00.
  • On Monday, April 12th, Karen Blasing sold 2,000 shares of Zscaler stock. The stock was sold at an average price of $187.05, for a total value of $374,100.00.
  • On Thursday, April 1st, Karen Blasing sold 500 shares of Zscaler stock. The stock was sold at an average price of $180.00, for a total value of $90,000.00.
  • On Monday, March 29th, Karen Blasing sold 1,500 shares of Zscaler stock. The stock was sold at an average price of $166.21, for a total value of $249,315.00.

ZS stock traded down $2.19 on Monday, reaching $216.41. 1,475,463 shares of the company's stock were exchanged, compared to its average volume of 2,037,440. The company has a fifty day moving average of $186.80. Zscaler, Inc. has a twelve month low of $103.05 and a twelve month high of $230.88. The company has a market cap of $29.65 billion, a price-to-earnings ratio of -125.82 and a beta of 0.80. The company has a debt-to-equity ratio of 1.77, a quick ratio of 3.02 and a current ratio of 3.02.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Monday, May 24th. The company reported $0.15 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.07 by $0.08. Zscaler had a negative return on equity of 36.46% and a negative net margin of 38.30%. The firm had revenue of $176.40 million for the quarter, compared to analyst estimates of $163.73 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. Zscaler's quarterly revenue was up 59.6% on a year-over-year basis. On average, equities research analysts forecast that Zscaler, Inc. will post -1.37 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Valley Brook Capital Group purchased a new stake in Zscaler during the fourth quarter worth $31,000. CKW Financial Group purchased a new stake in Zscaler during the first quarter worth $39,000. Harbour Investments Inc. purchased a new stake in Zscaler during the first quarter worth $43,000. Quadrant Capital Group LLC boosted its position in Zscaler by 21.6% during the first quarter. Quadrant Capital Group LLC now owns 349 shares of the company's stock worth $60,000 after purchasing an additional 62 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in Zscaler by 463.6% during the first quarter. International Assets Investment Management LLC now owns 372 shares of the company's stock worth $66,000 after purchasing an additional 306 shares in the last quarter. 40.20% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on ZS shares. Cowen started coverage on Zscaler in a research note on Wednesday, May 26th. They set an "outperform" rating and a $225.00 target price for the company. Royal Bank of Canada decreased their target price on Zscaler from $250.00 to $225.00 and set an "outperform" rating for the company in a research note on Monday, May 24th. BTIG Research upgraded Zscaler from a "neutral" rating to a "buy" rating and set a $240.00 target price for the company in a research note on Friday, February 26th. Needham & Company LLC boosted their target price on Zscaler from $240.00 to $245.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, May 26th. Finally, TheStreet upgraded Zscaler from a "d" rating to a "c-" rating in a research note on Tuesday, March 16th. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. The company has a consensus rating of "Buy" and a consensus price target of $211.00.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, internet of things, and device 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 internally managed applications, either hosted internally in data centers, and private or public clouds.

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