Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $64.75, for a total transaction of $3,237,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, March 1st, Amit Sinha sold 85,579 shares of Zscaler stock. The stock was sold at an average price of $60.10, for a total transaction of $5,143,297.90.
  • On Thursday, February 21st, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $49.60, for a total transaction of $238,427.20.
  • On Thursday, February 14th, Amit Sinha sold 104,807 shares of Zscaler stock. The stock was sold at an average price of $50.15, for a total transaction of $5,256,071.05.
  • On Thursday, February 7th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $47.26, for a total transaction of $227,178.82.
  • On Thursday, January 31st, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $46.88, for a total transaction of $225,352.16.
  • On Thursday, January 24th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $44.86, for a total transaction of $215,642.02.
  • On Thursday, January 17th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $44.46, for a total transaction of $213,719.22.
  • On Thursday, January 10th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $44.94, for a total transaction of $216,026.58.
  • On Thursday, January 3rd, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $39.26, for a total transaction of $188,722.82.
  • On Thursday, December 27th, Amit Sinha sold 19,140 shares of Zscaler stock. The stock was sold at an average price of $39.66, for a total transaction of $759,092.40.

Shares of ZS stock traded up $2.14 on Thursday, hitting $66.94. 2,176,446 shares of the stock traded hands, compared to its average volume of 1,847,316. The company has a market capitalization of $8.04 billion and a price-to-earnings ratio of -215.94. Zscaler Inc has a 52 week low of $24.76 and a 52 week high of $67.33.

Several research analysts have recently weighed in on ZS shares. Morgan Stanley lifted their price target on shares of Zscaler from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 6th. Guggenheim started coverage on shares of Zscaler in a research note on Monday, December 10th. They set a “neutral” rating and a $40.00 price target on the stock. Piper Jaffray Companies started coverage on shares of Zscaler in a research note on Friday, January 11th. They set an “overweight” rating and a $50.00 price target on the stock. Needham & Company LLC reiterated a “strong-buy” rating and set a $65.00 price target on shares of Zscaler in a research note on Friday, March 1st. They noted that the move was a valuation call. Finally, Credit Suisse Group lifted their price target on shares of Zscaler from $46.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $48.53.

Several hedge funds have recently made changes to their positions in ZS. Mascoma Wealth Management LLC bought a new stake in shares of Zscaler during the 4th quarter valued at $39,000. Quantamental Technologies LLC bought a new stake in shares of Zscaler during the 4th quarter valued at $39,000. Acadian Asset Management LLC raised its position in shares of Zscaler by 561.3% during the 4th quarter. Acadian Asset Management LLC now owns 1,230 shares of the company’s stock valued at $48,000 after purchasing an additional 1,044 shares during the period. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Zscaler during the 4th quarter valued at $51,000. Finally, Bank of Montreal Can raised its position in shares of Zscaler by 2,242.7% during the 4th quarter. Bank of Montreal Can now owns 2,249 shares of the company’s stock valued at $88,000 after purchasing an additional 2,153 shares during the period. Hedge funds and other institutional investors own 30.31% of the company’s stock.

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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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