Zscaler, Inc. (NASDAQ:ZS - Get Free Report) Director Andrew William Fraser Brown sold 10,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $206.00, for a total value of $2,060,000.00. Following the sale, the director now owns 27,216 shares in the company, valued at $5,606,496. The trade was a 26.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Zscaler Price Performance
Shares of Zscaler stock opened at $192.21 on Friday. The stock has a market capitalization of $29.74 billion, a P/E ratio of -768.84 and a beta of 1.12. The business has a 50 day simple moving average of $202.76 and a two-hundred day simple moving average of $194.41. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $217.84.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Needham & Company LLC restated a "buy" rating and set a $240.00 price target on shares of Zscaler in a research note on Wednesday, March 5th. The Goldman Sachs Group set a $207.00 target price on Zscaler and gave the company a "neutral" rating in a research report on Thursday, March 6th. Citigroup restated a "buy" rating and issued a $240.00 target price (up previously from $235.00) on shares of Zscaler in a research note on Wednesday, March 5th. Rosenblatt Securities upgraded Zscaler from a "neutral" rating to a "buy" rating and boosted their price target for the company from $190.00 to $235.00 in a research note on Thursday, March 6th. Finally, UBS Group raised their price objective on Zscaler from $250.00 to $260.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $234.94.
Check Out Our Latest Stock Analysis on ZS
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its stake in Zscaler by 297.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 183 shares of the company's stock worth $36,000 after purchasing an additional 137 shares in the last quarter. California State Teachers Retirement System increased its position in Zscaler by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 123,466 shares of the company's stock worth $22,275,000 after purchasing an additional 670 shares during the last quarter. 111 Capital purchased a new position in Zscaler during the fourth quarter worth about $643,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Zscaler by 97.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,694 shares of the company's stock valued at $4,094,000 after buying an additional 11,179 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Zscaler during the 4th quarter worth approximately $5,587,000. Hedge funds and other institutional investors own 46.45% of the company's stock.
Zscaler Company Profile
(
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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