Insider Selling: Zscaler Inc (NASDAQ:ZS) EVP Sells 18,000 Shares of Stock

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 18,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $80.78, for a total value of $1,454,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, June 13th, Amit Sinha sold 97,339 shares of Zscaler stock. The stock was sold at an average price of $79.89, for a total value of $7,776,412.71.
  • On Thursday, June 6th, Amit Sinha sold 24,807 shares of Zscaler stock. The stock was sold at an average price of $72.52, for a total value of $1,799,003.64.
  • On Thursday, May 30th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $72.96, for a total value of $350,718.72.
  • On Thursday, May 23rd, Amit Sinha sold 9,942 shares of Zscaler stock. The stock was sold at an average price of $76.93, for a total value of $764,838.06.
  • On Thursday, May 16th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $78.05, for a total value of $375,186.35.
  • On Thursday, May 9th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $67.59, for a total value of $324,905.13.
  • On Thursday, May 2nd, Amit Sinha sold 82,491 shares of Zscaler stock. The stock was sold at an average price of $66.77, for a total value of $5,507,924.07.
  • On Tuesday, March 26th, Amit Sinha sold 20,000 shares of Zscaler stock. The stock was sold at an average price of $71.30, for a total value of $1,426,000.00.

ZS stock opened at $77.24 on Monday. The company has a market capitalization of $9.71 billion, a PE ratio of -249.16 and a beta of 1.19. Zscaler Inc has a 12-month low of $30.72 and a 12-month high of $82.25.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, May 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The business had revenue of $79.10 million during the quarter, compared to the consensus estimate of $74.92 million. Zscaler had a negative net margin of 11.12% and a negative return on equity of 10.95%. The business’s revenue was up 60.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.02) earnings per share. On average, analysts anticipate that Zscaler Inc will post -0.17 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Zscaler by 190.5% during the fourth quarter. BlackRock Inc. now owns 3,685,346 shares of the company’s stock valued at $144,501,000 after purchasing an additional 2,416,720 shares during the period. FMR LLC grew its holdings in Zscaler by 11.7% during the first quarter. FMR LLC now owns 7,160,253 shares of the company’s stock valued at $507,877,000 after purchasing an additional 750,088 shares during the period. 1832 Asset Management L.P. bought a new position in Zscaler during the fourth quarter valued at $28,651,000. First Trust Advisors LP grew its holdings in Zscaler by 474.2% during the first quarter. First Trust Advisors LP now owns 586,138 shares of the company’s stock valued at $41,575,000 after purchasing an additional 484,056 shares during the period. Finally, Northern Trust Corp grew its holdings in Zscaler by 208.3% during the fourth quarter. Northern Trust Corp now owns 647,996 shares of the company’s stock valued at $25,408,000 after purchasing an additional 437,843 shares during the period. 33.94% of the stock is owned by institutional investors.

ZS has been the subject of several analyst reports. Robert W. Baird reissued a “buy” rating and issued a $65.00 price objective on shares of Zscaler in a research note on Tuesday, April 9th. ValuEngine raised Zscaler from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Wedbush reissued a “buy” rating and issued a $82.00 price objective on shares of Zscaler in a research note on Friday, May 31st. Zacks Investment Research raised Zscaler from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a report on Saturday, June 8th. Finally, Barclays upped their target price on Zscaler from $42.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Zscaler presently has an average rating of “Buy” and a consensus price target of $72.00.

About Zscaler

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.

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