Zscaler Inc (NASDAQ:ZS) EVP Sells $156,000.00 in Stock

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 2,000 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $78.00, for a total value of $156,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Amit Sinha also recently made the following trade(s):

  • On Thursday, June 20th, Amit Sinha sold 18,000 shares of Zscaler stock. The shares were sold at an average price of $80.78, for a total value of $1,454,040.00.
  • On Thursday, June 13th, Amit Sinha sold 97,339 shares of Zscaler stock. The stock was sold at an average price of $79.89, for a total value of $7,776,412.71.
  • On Thursday, June 6th, Amit Sinha sold 24,807 shares of Zscaler stock. The stock was sold at an average price of $72.52, for a total value of $1,799,003.64.
  • On Thursday, May 30th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $72.96, for a total value of $350,718.72.
  • On Thursday, May 23rd, Amit Sinha sold 9,942 shares of Zscaler stock. The shares were sold at an average price of $76.93, for a total value of $764,838.06.
  • On Thursday, May 16th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $78.05, for a total value of $375,186.35.
  • On Thursday, May 9th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $67.59, for a total value of $324,905.13.
  • On Thursday, May 2nd, Amit Sinha sold 82,491 shares of Zscaler stock. The shares were sold at an average price of $66.77, for a total value of $5,507,924.07.

Zscaler stock traded up $0.30 during trading on Friday, hitting $82.68. The company had a trading volume of 1,843,577 shares, compared to its average volume of 2,265,246. Zscaler Inc has a 1-year low of $30.72 and a 1-year high of $85.50. The company has a 50 day simple moving average of $77.82. The stock has a market cap of $10.39 billion, a PE ratio of -266.71 and a beta of 1.12.

Zscaler (NASDAQ:ZS) last posted its earnings results on Thursday, May 30th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). The company had revenue of $79.10 million during the quarter, compared to analyst estimates of $74.92 million. Zscaler had a negative net margin of 11.12% and a negative return on equity of 10.95%. The firm’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) EPS. On average, equities analysts expect that Zscaler Inc will post -0.17 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tortoise Index Solutions LLC purchased a new stake in Zscaler in the first quarter valued at $25,000. FTB Advisors Inc. purchased a new stake in Zscaler in the first quarter valued at $26,000. Nisa Investment Advisors LLC purchased a new stake in shares of Zscaler in the first quarter valued at about $28,000. Wealthcare Advisory Partners LLC raised its holdings in shares of Zscaler by 211.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 700 shares of the company’s stock valued at $50,000 after buying an additional 475 shares during the last quarter. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Zscaler in the second quarter valued at about $54,000. 33.95% of the stock is owned by hedge funds and other institutional investors.

ZS has been the topic of a number of analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 3,600 ($47.04) target price on shares of in a research report on Friday, May 31st. Deutsche Bank raised their target price on Workday from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, May 29th. Zacks Investment Research lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Saturday, June 8th. Credit Suisse Group set a $170.00 price target on shares of Accenture and gave the company a “hold” rating in a research note on Tuesday, April 9th. Finally, Bank of America set a $77.00 price target on shares of Zscaler and gave the company a “neutral” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Zscaler has a consensus rating of “Buy” and an average price target of $72.33.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service 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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Insider Buying and Selling by Quarter for Zscaler (NASDAQ:ZS)

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