Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 4,807 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $42.12, for a total value of $202,470.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of ZS stock opened at $42.64 on Friday. Zscaler Inc has a 1-year low of $24.76 and a 1-year high of $48.24.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Wednesday, September 5th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The company had revenue of $56.20 million for the quarter, compared to the consensus estimate of $50.72 million. During the same period in the previous year, the business earned ($0.07) EPS. Zscaler’s revenue for the quarter was up 53.8% compared to the same quarter last year. equities research analysts predict that Zscaler Inc will post -0.27 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. Federated Investors Inc. PA boosted its position in Zscaler by 119.9% during the second quarter. Federated Investors Inc. PA now owns 333,000 shares of the company’s stock valued at $11,905,000 after purchasing an additional 181,600 shares in the last quarter. Pier Capital LLC boosted its position in Zscaler by 65.5% during the second quarter. Pier Capital LLC now owns 176,693 shares of the company’s stock valued at $6,317,000 after purchasing an additional 69,933 shares in the last quarter. Millennium Management LLC bought a new stake in Zscaler during the first quarter valued at about $5,514,000. Principal Financial Group Inc. bought a new stake in Zscaler during the first quarter valued at about $2,890,000. Finally, MYDA Advisors LLC bought a new stake in Zscaler during the second quarter valued at about $644,000. 23.06% of the stock is currently owned by institutional investors.

Several brokerages have recently commented on ZS. Zacks Investment Research upgraded Zscaler from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, June 13th. Credit Suisse Group raised their price target on Zscaler from $38.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, September 6th. BTIG Research lowered Zscaler from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Monday, September 10th. They noted that the move was a valuation call. UBS Group raised their price target on Zscaler from $30.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, June 7th. Finally, Deutsche Bank raised their price target on Zscaler from $29.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, June 7th. Nine analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $36.71.

About Zscaler

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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