Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 4,807 shares of the company’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $38.29, for a total transaction of $184,060.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, September 17th, Amit Sinha sold 40,000 shares of Zscaler stock. The stock was sold at an average price of $41.67, for a total transaction of $1,666,800.00.
  • On Thursday, September 13th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $42.12, for a total transaction of $202,470.84.

ZS stock traded up $1.30 during mid-day trading on Monday, reaching $41.43. 1,882,500 shares of the stock traded hands, compared to its average volume of 1,403,584. Zscaler Inc has a 52 week low of $24.76 and a 52 week high of $48.24. The stock has a market capitalization of $4.81 billion and a price-to-earnings ratio of -129.03.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in shares of Zscaler by 305.1% in the second quarter. FMR LLC now owns 5,260,146 shares of the company’s stock valued at $188,050,000 after buying an additional 3,961,759 shares during the period. BlackRock Inc. lifted its stake in shares of Zscaler by 23,211.1% in the second quarter. BlackRock Inc. now owns 948,061 shares of the company’s stock valued at $33,893,000 after buying an additional 943,994 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Zscaler in the first quarter valued at about $22,551,000. Franklin Resources Inc. bought a new stake in shares of Zscaler in the first quarter valued at about $18,908,000. Finally, Alkeon Capital Management LLC bought a new stake in shares of Zscaler in the first quarter valued at about $17,965,000. Institutional investors and hedge funds own 23.02% of the company’s stock.

A number of equities research analysts have issued reports on ZS shares. Zacks Investment Research upgraded shares of Zscaler from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Thursday, June 21st. Needham & Company LLC upped their price target on shares of Zscaler from $45.00 to $47.50 and gave the company a “strong-buy” rating in a report on Thursday, September 6th. Morgan Stanley upped their price target on shares of Zscaler from $26.00 to $31.00 and gave the company an “equal weight” rating in a report on Friday, June 8th. Barclays upped their price target on shares of Zscaler from $30.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, June 7th. Finally, Deutsche Bank upped their price target on shares of Zscaler from $29.00 to $35.00 and gave the company a “hold” rating in a report on Thursday, June 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $36.71.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company develops a software-as-a-service based security platform that secures access for users and devices to applications and services. It serves airline and transportation, conglomerate, consumer good and retail, financial service, healthcare, manufacturing, media and communication, public sector and education, technology, and telecommunications service industries.

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