Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 4,807 shares of Zscaler stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $37.46, for a total value of $180,070.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Thursday, October 11th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $34.90, for a total value of $167,764.30.
  • On Thursday, October 4th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $37.73, for a total value of $181,368.11.
  • On Thursday, September 27th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $41.87, for a total value of $201,269.09.
  • On Thursday, September 20th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $38.29, for a total value of $184,060.03.
  • On Monday, September 17th, Amit Sinha sold 40,000 shares of Zscaler stock. The shares were sold at an average price of $41.67, for a total value of $1,666,800.00.
  • On Thursday, September 13th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $42.12, for a total value of $202,470.84.

Zscaler stock opened at $34.02 on Thursday. Zscaler Inc has a 52 week low of $24.76 and a 52 week high of $48.24. The firm has a market cap of $4.35 billion and a PE ratio of -109.74.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Wednesday, September 5th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $56.20 million for the quarter, compared to analyst estimates of $50.72 million. During the same period last year, the firm posted ($0.07) EPS. Zscaler’s quarterly revenue was up 53.8% on a year-over-year basis. Research analysts expect that Zscaler Inc will post -0.27 earnings per share for the current fiscal year.

Several equities analysts have weighed in on the company. Zacks Investment Research cut Zscaler from a “hold” rating to a “sell” rating in a report on Saturday, October 13th. Needham & Company LLC lifted their price objective on Zscaler from $45.00 to $47.50 and gave the company a “strong-buy” rating in a report on Thursday, September 6th. Credit Suisse Group lifted their price objective on Zscaler from $38.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, September 6th. Wedbush began coverage on Zscaler in a report on Thursday, October 18th. They set an “outperform” rating and a $48.00 price target for the company. Finally, BTIG Research cut Zscaler from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a report on Monday, September 10th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Zscaler has a consensus rating of “Hold” and an average price target of $37.58.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Zscaler during the 1st quarter worth $114,000. Atlantic Trust Group LLC bought a new stake in Zscaler during the 1st quarter worth $136,000. Optimum Investment Advisors grew its position in Zscaler by 240.0% during the 3rd quarter. Optimum Investment Advisors now owns 3,400 shares of the company’s stock worth $139,000 after acquiring an additional 2,400 shares during the last quarter. Stevens Capital Management LP bought a new stake in Zscaler during the 2nd quarter worth $211,000. Finally, New York State Common Retirement Fund bought a new stake in Zscaler during the 1st quarter worth $238,000. 23.04% of the stock is owned by institutional investors.

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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