Zscaler Inc (ZS) EVP Sells $169,014.12 in Stock

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 4,807 shares of the stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $35.16, for a total value of $169,014.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Thursday, November 15th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $40.43, for a total value of $194,347.01.
  • On Thursday, November 8th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $41.42, for a total value of $199,105.94.
  • On Thursday, November 1st, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $36.97, for a total value of $177,714.79.
  • On Thursday, October 18th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $37.46, for a total value of $180,070.22.
  • On Thursday, October 11th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $34.90, for a total value of $167,764.30.
  • On Thursday, October 4th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $37.73, for a total value of $181,368.11.
  • On Thursday, September 27th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $41.87, for a total value of $201,269.09.
  • On Thursday, September 20th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $38.29, for a total value of $184,060.03.
  • On Monday, September 17th, Amit Sinha sold 40,000 shares of Zscaler stock. The shares were sold at an average price of $41.67, for a total value of $1,666,800.00.
  • On Thursday, September 13th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $42.12, for a total value of $202,470.84.

NASDAQ:ZS traded up $1.23 during trading hours on Thursday, reaching $33.48. 788,095 shares of the company traded hands, compared to its average volume of 1,297,713. The stock has a market cap of $3.94 billion and a PE ratio of -108.00. Zscaler Inc has a 1-year low of $24.76 and a 1-year high of $48.24.

Zscaler (NASDAQ:ZS) last announced its earnings results on Wednesday, September 5th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The company had revenue of $56.20 million for the quarter, compared to analyst estimates of $50.72 million. During the same quarter last year, the company posted ($0.07) EPS. Zscaler’s quarterly revenue was up 53.8% compared to the same quarter last year. As a group, equities analysts anticipate that Zscaler Inc will post -0.33 EPS for the current year.

Several hedge funds have recently bought and sold shares of ZS. BlackRock Inc. acquired a new stake in shares of Zscaler during the first quarter worth $114,000. Atlantic Trust Group LLC acquired a new stake in shares of Zscaler during the first quarter worth $136,000. Optimum Investment Advisors boosted its holdings in shares of Zscaler by 240.0% during the third quarter. Optimum Investment Advisors now owns 3,400 shares of the company’s stock worth $139,000 after purchasing an additional 2,400 shares during the last quarter. Logan Capital Management Inc. acquired a new stake in shares of Zscaler during the third quarter worth $204,000. Finally, LPL Financial LLC acquired a new stake in shares of Zscaler during the third quarter worth $206,000. Institutional investors and hedge funds own 26.42% of the company’s stock.

Several research firms recently weighed in on ZS. BTIG Research downgraded Zscaler from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Monday, September 10th. They noted that the move was a valuation call. Needham & Company LLC raised their price objective on Zscaler from $45.00 to $47.50 and gave the company a “strong-buy” rating in a research note on Thursday, September 6th. Zacks Investment Research upgraded Zscaler from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. Morgan Stanley increased their target price on Zscaler from $31.00 to $41.00 and gave the company an “equal weight” rating in a report on Thursday, September 6th. Finally, Credit Suisse Group increased their target price on Zscaler from $38.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, September 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Zscaler presently has an average rating of “Hold” and an average price target of $37.58.

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Zscaler Company Profile

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.

Further Reading: Fiduciary

Insider Buying and Selling by Quarter for Zscaler (NASDAQ:ZS)

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