Zscaler Inc (NASDAQ:ZS) insider Robert Schlossman sold 2,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $50.51, for a total value of $101,020.00. Following the completion of the transaction, the insider now directly owns 94,966 shares of the company’s stock, valued at approximately $4,796,732.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Robert Schlossman also recently made the following trade(s):
- On Monday, November 25th, Robert Schlossman sold 2,000 shares of Zscaler stock. The stock was sold at an average price of $50.00, for a total value of $100,000.00.
Shares of Zscaler stock opened at $51.07 on Tuesday. The stock has a 50 day moving average of $45.58 and a 200 day moving average of $64.88. Zscaler Inc has a 12 month low of $34.21 and a 12 month high of $89.54. The firm has a market cap of $6.53 billion, a PE ratio of -425.58 and a beta of 1.22.
Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. Zscaler had a negative return on equity of 9.46% and a negative net margin of 9.46%. The company had revenue of $86.11 million during the quarter, compared to analyst estimates of $82.15 million. On average, sell-side analysts predict that Zscaler Inc will post -0.24 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of ZS. CSat Investment Advisory L.P. purchased a new stake in Zscaler during the second quarter valued at approximately $25,000. Meadow Creek Investment Management LLC purchased a new stake in Zscaler during the second quarter valued at approximately $32,000. Neuburgh Advisers LLC purchased a new stake in Zscaler during the second quarter valued at approximately $44,000. Tyers Asset Management LLC purchased a new stake in shares of Zscaler in the second quarter worth approximately $56,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Zscaler in the second quarter worth approximately $63,000. Institutional investors and hedge funds own 36.46% of the company’s stock.
A number of equities analysts have recently weighed in on ZS shares. Goldman Sachs Group started coverage on Zscaler in a research note on Tuesday, November 12th. They issued a “neutral” rating and a $45.00 price objective for the company. Wedbush dropped their price objective on Zscaler from $90.00 to $80.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. UBS Group dropped their price objective on Zscaler from $70.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. OTR Global lowered Zscaler from a “mixed” rating to a “negative” rating in a research note on Monday, August 19th. Finally, Piper Jaffray Companies dropped their price objective on Zscaler from $82.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $63.11.
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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