Zscaler, Inc. (NASDAQ:ZS – Get Free Report) insider Adam Geller sold 2,060 shares of Zscaler stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total value of $475,489.20. Following the sale, the insider directly owned 52,148 shares of the company’s stock, valued at $12,036,801.36. This represents a 3.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Adam Geller also recently made the following trade(s):
- On Wednesday, December 17th, Adam Geller sold 1,620 shares of Zscaler stock. The shares were sold at an average price of $232.79, for a total value of $377,119.80.
Zscaler Price Performance
Shares of NASDAQ ZS traded down $6.35 during trading hours on Wednesday, hitting $226.43. 1,723,437 shares of the stock were exchanged, compared to its average volume of 2,011,386. The company’s fifty day simple moving average is $290.17 and its two-hundred day simple moving average is $290.51. The company has a market cap of $36.11 billion, a PE ratio of -870.85 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.82 and a current ratio of 1.82. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $336.99.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Morgan Stanley boosted their price objective on Zscaler from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Berenberg Bank dropped their target price on shares of Zscaler from $400.00 to $390.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Royal Bank Of Canada increased their price target on Zscaler from $350.00 to $366.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Scotiabank cut their price objective on Zscaler from $334.00 to $320.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, November 26th. Finally, Mizuho raised shares of Zscaler from a “neutral” rating to an “outperform” rating and set a $310.00 price target on the stock in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $323.45.
View Our Latest Stock Report on ZS
Hedge Funds Weigh In On Zscaler
Large investors have recently made changes to their positions in the stock. Brookstone Capital Management purchased a new stake in shares of Zscaler in the second quarter worth about $283,000. VestGen Advisors LLC purchased a new position in shares of Zscaler during the 2nd quarter valued at $1,592,000. Mackenzie Financial Corp increased its holdings in shares of Zscaler by 133.6% in the second quarter. Mackenzie Financial Corp now owns 14,780 shares of the company’s stock worth $4,640,000 after purchasing an additional 8,454 shares during the period. Schroder Investment Management Group raised its position in shares of Zscaler by 11.5% in the second quarter. Schroder Investment Management Group now owns 164,061 shares of the company’s stock worth $51,505,000 after buying an additional 16,868 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its position in Zscaler by 9.9% during the second quarter. Ensign Peak Advisors Inc now owns 395,391 shares of the company’s stock worth $124,129,000 after buying an additional 35,770 shares in the last quarter. 46.45% of the stock is owned by institutional investors.
About Zscaler
Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.
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