Zscaler, Inc. (NASDAQ:ZS) Insider Robert Schlossman Sells 3,590 Shares

Zscaler, Inc. (NASDAQ:ZS) insider Robert Schlossman sold 3,590 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $250.00, for a total transaction of $897,500.00. Following the completion of the sale, the insider now directly owns 100,230 shares of the company’s stock, valued at $25,057,500. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robert Schlossman also recently made the following trade(s):

• On Tuesday, March 18th, Robert Schlossman sold 2,878 shares of Zscaler stock. The stock was sold at an average price of $199.15, for a total transaction of $573,153.70.

Zscaler Stock Performance

Zscaler stock opened at $251.95 on Wednesday. The business’s 50-day simple moving average is $212.51 and its 200-day simple moving average is $203.06. The firm has a market capitalization of $38.98 billion, a PE ratio of -1,007.80 and a beta of 1.14. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $253.72.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Roth Capital started coverage on shares of Zscaler in a research report on Wednesday, April 23rd. They issued a “neutral” rating and a $215.00 price target for the company. Stifel Nicolaus boosted their target price on shares of Zscaler from $235.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Zscaler in a research note on Tuesday, April 15th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $244.00 price objective on shares of Zscaler in a research note on Thursday, March 6th. Finally, Barclays reaffirmed an “overweight” rating on shares of Zscaler in a research note on Wednesday, March 5th. Eight research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and a consensus target price of $238.53.

Hedge Funds Weigh In On Zscaler

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ORG Partners LLC increased its stake in Zscaler by 284.8% during the first quarter. ORG Partners LLC now owns 127 shares of the company’s stock valued at $26,000 after acquiring an additional 94 shares during the period. SVB Wealth LLC bought a new position in Zscaler during the first quarter valued at about $26,000. Global X Japan Co. Ltd. increased its stake in Zscaler by 127.4% during the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after acquiring an additional 79 shares during the period. Goodman Advisory Group LLC bought a new position in Zscaler during the first quarter valued at about $29,000. Finally, N.E.W. Advisory Services LLC bought a new position in Zscaler during the first quarter valued at about $29,000. 46.45% of the stock is currently owned by institutional investors.

About Zscaler

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.