Zscaler, Inc. (NASDAQ:ZS - Get Free Report) CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares in the company, valued at $71,828,542.08. The trade was a 0.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Zscaler Stock Down 1.3 %
Shares of ZS opened at $183.21 on Friday. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The company's fifty day moving average is $197.72 and its 200-day moving average is $187.55. The firm has a market cap of $28.11 billion, a price-to-earnings ratio of -732.84 and a beta of 0.82.
Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly 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 company had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. During the same quarter in the prior year, the company posted ($0.18) EPS. The firm's revenue was up 26.4% on a year-over-year basis. As a group, research analysts predict that Zscaler, Inc. will post -0.24 earnings per share for the current fiscal year.
Analysts Set New Price Targets
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Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $230.00 price objective on shares of Zscaler in a report on Tuesday, December 3rd. BMO Capital Markets raised their price objective on shares of Zscaler from $197.00 to $222.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Morgan Stanley cut their target price on Zscaler from $215.00 to $205.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 3rd. Wedbush lowered their price target on Zscaler from $260.00 to $220.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 4th. Finally, Needham & Company LLC restated a "buy" rating and issued a $240.00 price objective on shares of Zscaler in a report on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. According to MarketBeat, Zscaler presently has an average rating of "Moderate Buy" and an average price target of $224.84.
Get Our Latest Stock Analysis on ZS
Hedge Funds Weigh In On Zscaler
Institutional investors have recently modified their holdings of the company. Fred Alger Management LLC boosted its holdings in shares of Zscaler by 1,151.0% during the 3rd quarter. Fred Alger Management LLC now owns 10,371 shares of the company's stock worth $1,773,000 after buying an additional 9,542 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Zscaler by 7.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company's stock valued at $37,495,000 after purchasing an additional 14,701 shares during the last quarter. Creative Planning increased its stake in shares of Zscaler by 7.6% in the third quarter. Creative Planning now owns 148,534 shares of the company's stock worth $25,390,000 after purchasing an additional 10,551 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Zscaler by 11.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company's stock worth $65,036,000 after purchasing an additional 37,801 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in Zscaler during the 2nd quarter valued at approximately $25,287,000. Institutional investors own 46.45% of the company's stock.
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.
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