Zscaler Inc (NASDAQ:ZS) Director Karen Blasing sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $50.46, for a total transaction of $50,460.00. Following the sale, the director now owns 2,595 shares of the company’s stock, valued at $130,943.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Karen Blasing also recently made the following trade(s):

  • On Tuesday, October 1st, Karen Blasing sold 1,000 shares of Zscaler stock. The shares were sold at an average price of $46.80, for a total transaction of $46,800.00.
  • On Monday, September 16th, Karen Blasing sold 1,000 shares of Zscaler stock. The shares were sold at an average price of $47.02, for a total transaction of $47,020.00.
  • On Tuesday, September 3rd, Karen Blasing sold 1,000 shares of Zscaler stock. The shares were sold at an average price of $68.09, for a total transaction of $68,090.00.

NASDAQ ZS traded down $1.06 during trading hours on Monday, hitting $51.07. 4,177,757 shares of the company’s stock traded hands, compared to its average volume of 2,494,500. The business’s fifty day moving average price is $45.36 and its two-hundred day moving average price is $65.18. The firm has a market capitalization of $6.53 billion, a P/E ratio of -425.58 and a beta of 1.22. Zscaler Inc has a 52 week low of $34.21 and a 52 week high of $89.54.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.06. The company had revenue of $86.11 million during the quarter, compared to analyst estimates of $82.15 million. Zscaler had a negative net margin of 9.46% and a negative return on equity of 9.46%. As a group, equities analysts predict that Zscaler Inc will post -0.24 earnings per share for the current fiscal year.

ZS has been the subject of a number of analyst reports. Cowen reduced their price target on shares of Zscaler from $85.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. Piper Jaffray Companies reduced their price target on shares of Zscaler from $82.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. OTR Global lowered shares of Zscaler from a “mixed” rating to a “negative” rating in a research note on Monday, August 19th. Morgan Stanley reduced their price target on shares of Zscaler from $47.00 to $40.00 and set an “underweight” rating for the company in a research note on Tuesday, October 22nd. Finally, Rosenblatt Securities reiterated a “hold” rating and issued a $50.00 price target on shares of Zscaler in a research note on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $63.11.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Zscaler by 16.1% during the second quarter. Vanguard Group Inc. now owns 4,739,352 shares of the company’s stock valued at $363,224,000 after buying an additional 655,847 shares during the period. Allianz Asset Management GmbH grew its position in Zscaler by 19.5% during the second quarter. Allianz Asset Management GmbH now owns 2,453,763 shares of the company’s stock valued at $188,057,000 after buying an additional 400,253 shares during the period. Nuveen Asset Management LLC bought a new stake in Zscaler during the second quarter valued at approximately $148,614,000. First Trust Advisors LP grew its position in Zscaler by 53.8% during the third quarter. First Trust Advisors LP now owns 1,257,760 shares of the company’s stock valued at $59,442,000 after buying an additional 440,077 shares during the period. Finally, State Street Corp grew its position in Zscaler by 8.2% during the third quarter. State Street Corp now owns 845,097 shares of the company’s stock valued at $39,939,000 after buying an additional 64,095 shares during the period. Institutional investors own 36.46% of the company’s stock.

Zscaler Company Profile

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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Insider Buying and Selling by Quarter for Zscaler (NASDAQ:ZS)

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