Zscaler, Inc. (NASDAQ:ZS) Insider Sells $968,292.18 in Stock

Zscaler, Inc. (NASDAQ:ZS - Get Free Report) insider Robert Schlossman sold 3,174 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $305.07, for a total transaction of $968,292.18. Following the completion of the transaction, the insider now owns 88,970 shares in the company, valued at $27,142,077.90. The trade was a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, June 17th, Robert Schlossman sold 3,590 shares of Zscaler stock. The shares were sold at an average price of $303.70, for a total transaction of $1,090,283.00.
• On Wednesday, June 4th, Robert Schlossman sold 4,618 shares of Zscaler stock. The shares were sold at an average price of $300.00, for a total transaction of $1,385,400.00.
• 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.

Zscaler Trading Down 0.6%

Shares of Zscaler stock traded down $1.90 during trading hours on Wednesday, hitting $305.41. The company had a trading volume of 2,019,325 shares, compared to its average volume of 2,056,870. The company's 50-day moving average is $245.91 and its two-hundred day moving average is $214.17. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $309.19.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $0.84 EPS for the quarter, beating analysts' consensus estimates 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 1.52% and a negative return on equity of 0.59%. The company's revenue was up 22.6% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. On average, equities analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ZS. Wedbush boosted their price target on shares of Zscaler from $240.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. JMP Securities boosted their price target on shares of Zscaler from $240.00 to $310.00 and gave the company a "market outperform" rating in a research note on Friday, May 30th. BNP Paribas raised shares of Zscaler from a "neutral" rating to an "outperform" rating and set a $260.00 price target on the stock in a research note on Monday, April 28th. The Goldman Sachs Group set a $207.00 price target on shares of Zscaler and gave the company a "neutral" rating in a research note on Thursday, March 6th. Finally, FBN Securities raised shares of Zscaler to a "strong-buy" rating in a research note on Friday, May 30th. Eight research 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $294.03.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Zscaler by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company's stock worth $1,962,474,000 after purchasing an additional 294,034 shares during the period. Goldman Sachs Group Inc. boosted its stake in Zscaler by 23.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company's stock worth $604,831,000 after purchasing an additional 578,883 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in Zscaler during the 1st quarter worth $516,622,000. Geode Capital Management LLC boosted its stake in Zscaler by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 1,658,406 shares of the company's stock worth $298,710,000 after purchasing an additional 32,545 shares during the period. Finally, Pictet Asset Management Holding SA boosted its stake in Zscaler by 25.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company's stock worth $291,935,000 after purchasing an additional 332,307 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Company Profile

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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