Jagtar Singh Chaudhry Sells 900 Shares of Zscaler, Inc. (NASDAQ:ZS) Stock

Zscaler, Inc. (NASDAQ:ZS – Get Rating) CEO Jagtar Singh Chaudhry sold 900 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total value of $96,111.00. Following the completion of the transaction, the chief executive officer now directly owns 322,649 shares of the company’s stock, valued at $34,455,686.71. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Zscaler Price Performance

Shares of Zscaler stock opened at $105.49 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.01 and a current ratio of 2.01. The business has a 50-day moving average of $122.67 and a 200 day moving average of $135.00. Zscaler, Inc. has a 12 month low of $99.64 and a 12 month high of $253.74.

Institutional Investors Weigh In On Zscaler

Hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board raised its position in Zscaler by 17.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 92,718 shares of the company’s stock valued at $15,240,000 after purchasing an additional 13,600 shares in the last quarter. Sigma Planning Corp raised its position in shares of Zscaler by 52.8% during the 3rd quarter. Sigma Planning Corp now owns 4,076 shares of the company’s stock worth $670,000 after acquiring an additional 1,408 shares in the last quarter. NinePointTwo Capital LLC acquired a new stake in shares of Zscaler during the 3rd quarter worth about $415,000. Kingsview Wealth Management LLC acquired a new stake in shares of Zscaler during the 2nd quarter worth about $1,435,000. Finally, Clear Street Markets LLC acquired a new stake in shares of Zscaler during the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 45.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ZS. Deutsche Bank Aktiengesellschaft reduced their price objective on Zscaler from $190.00 to $140.00 in a research note on Monday, January 23rd. BMO Capital Markets reduced their price objective on Zscaler from $145.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, March 3rd. Piper Sandler reduced their price objective on Zscaler from $145.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, January 5th. Redburn Partners began coverage on Zscaler in a research note on Thursday, December 1st. They issued a “neutral” rating and a $135.00 price objective for the company. Finally, Stephens reduced their price objective on Zscaler from $175.00 to $165.00 in a research note on Friday, March 3rd. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $170.14.

Zscaler Company Profile

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Zscaler, Inc engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K.