Zscaler, Inc. (NASDAQ:ZS) CFO Remo Canessa Sells 3,703 Shares of Stock

Zscaler, Inc. (NASDAQ:ZS) CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $741,784.96. Following the completion of the transaction, the chief financial officer now owns 220,635 shares of the company’s stock, valued at $44,197,603.20. The trade was a 1.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Zscaler Price Performance

Shares of ZS opened at $183.21 on Friday. The firm has a 50 day simple moving average of $197.72 and a two-hundred day simple moving average of $187.55. The company has a market cap of $28.11 billion, a P/E ratio of -732.84 and a beta of 0.82. Zscaler, Inc. has a one year low of $153.45 and a one year high of $259.61.

Zscaler (NASDAQ:ZS) last announced its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. During the same period last year, the company earned ($0.18) EPS. Zscaler’s revenue for the quarter was up 26.4% compared to the same quarter last year. On average, analysts expect that Zscaler, Inc. will post -0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ZS shares. Guggenheim reissued a “neutral” rating on shares of Zscaler in a research report on Tuesday, December 3rd. Scotiabank upped their price target on shares of Zscaler from $195.00 to $205.00 and gave the company a “sector outperform” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company increased their target price on Zscaler from $180.00 to $190.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. BNP Paribas initiated coverage on Zscaler in a report on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 target price on the stock. Finally, Cantor Fitzgerald raised shares of Zscaler to a “hold” rating in a research report on Monday, November 18th. Eleven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and a consensus price target of $224.84.

Institutional Investors Weigh In On Zscaler

Several large investors have recently added to or reduced their stakes in the business. Champlain Investment Partners LLC increased its stake in Zscaler by 28.2% in the third quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock valued at $220,401,000 after purchasing an additional 283,540 shares in the last quarter. International Assets Investment Management LLC grew its stake in Zscaler by 13,498.6% in the third quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock valued at $48,769,000 after acquiring an additional 283,201 shares during the period. GuoLine Advisory Pte Ltd bought a new stake in Zscaler during the 3rd quarter valued at $32,660,000. Massachusetts Financial Services Co. MA acquired a new position in Zscaler during the second quarter worth $25,287,000. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Zscaler by 33.8% in the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock valued at $68,293,000 after buying an additional 100,814 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

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.