Zscaler, Inc. (NASDAQ:ZS - Get Free Report) insider Robert Schlossman sold 4,947 shares of the business's stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $170.22, for a total transaction of $842,078.34. Following the completion of the transaction, the insider now directly owns 107,241 shares in the company, valued at $18,254,563.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Zscaler Stock Performance
NASDAQ ZS opened at $166.99 on Wednesday. Zscaler, Inc. has a one year low of $149.63 and a one year high of $259.61. The stock has a 50-day moving average of $178.09 and a 200 day moving average of $181.46. The company has a market capitalization of $25.24 billion, a price-to-earnings ratio of -327.43 and a beta of 0.82.
Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. The company had revenue of $592.90 million during the quarter, compared to the consensus estimate of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. Zscaler's revenue for the quarter was up 30.3% on a year-over-year basis. During the same period last year, the company earned ($0.17) EPS. On average, equities analysts predict that Zscaler, Inc. will post -0.95 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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Several institutional investors and hedge funds have recently bought and sold shares of ZS. 1832 Asset Management L.P. purchased a new position in Zscaler in the fourth quarter worth about $217,683,000. Quadrature Capital Ltd purchased a new position in shares of Zscaler during the 1st quarter valued at about $47,217,000. Vanguard Group Inc. lifted its position in shares of Zscaler by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 8,843,772 shares of the company's stock valued at $1,959,426,000 after buying an additional 206,908 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Zscaler during the 1st quarter valued at about $27,954,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Zscaler during the 2nd quarter valued at about $25,287,000. 46.45% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ZS has been the topic of several recent research reports. Mizuho downgraded shares of Zscaler from an "outperform" rating to a "neutral" rating and set a $220.00 price objective on the stock. in a report on Tuesday, July 16th. BTIG Research decreased their price target on Zscaler from $220.00 to $205.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th. Rosenblatt Securities reiterated a "neutral" rating and set a $190.00 price target on shares of Zscaler in a research report on Wednesday, September 4th. Barclays decreased their price target on Zscaler from $230.00 to $200.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 4th. Finally, JMP Securities reiterated a "market outperform" rating and set a $270.00 price target on shares of Zscaler in a research report on Wednesday, September 4th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $218.39.
View Our Latest Analysis on Zscaler
About Zscaler
(
Get Free Report)
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.
Further Reading
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