Zscaler Inc (NASDAQ:ZS) insider Amit Sinha sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $62.41, for a total value of $624,100.00. Following the sale, the insider now owns 124,772 shares of the company’s stock, valued at approximately $7,787,020.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Amit Sinha also recently made the following trade(s):
- On Tuesday, March 17th, Amit Sinha sold 1,976 shares of Zscaler stock. The shares were sold at an average price of $40.99, for a total value of $80,996.24.
- On Friday, January 24th, Amit Sinha sold 101,333 shares of Zscaler stock. The shares were sold at an average price of $58.63, for a total value of $5,941,153.79.
Shares of ZS opened at $60.55 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $53.89 and a two-hundred day simple moving average of $50.57. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of -121.10 and a beta of 1.11. Zscaler Inc has a 52 week low of $35.00 and a 52 week high of $89.54.
Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The company had revenue of $101.27 million during the quarter, compared to analysts’ expectations of $98.90 million. Zscaler had a negative return on equity of 13.55% and a negative net margin of 17.70%. On average, equities analysts anticipate that Zscaler Inc will post -0.55 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC grew its position in shares of Zscaler by 40.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 700 shares of the company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. TRUE Private Wealth Advisors purchased a new stake in shares of Zscaler during the fourth quarter worth about $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Zscaler during the fourth quarter worth about $33,000. Winslow Evans & Crocker Inc. purchased a new stake in shares of Zscaler during the fourth quarter worth about $34,000. Finally, Arcadia Investment Management Corp MI grew its position in shares of Zscaler by 100.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,000 shares of the company’s stock worth $47,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 40.09% of the company’s stock.
A number of analysts recently commented on the company. Bank of America reiterated a “buy” rating and set a $70.00 price objective on shares of Zscaler in a research report on Wednesday, December 11th. BidaskClub upgraded Zscaler from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st. Barclays reiterated a “hold” rating and set a $64.00 price objective on shares of Zscaler in a research report on Thursday, February 20th. Morgan Stanley reduced their price objective on Zscaler from $40.00 to $37.00 and set an “underweight” rating for the company in a research report on Wednesday. Finally, UBS Group upped their price objective on Zscaler from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $64.68.
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.
Further Reading: Catch-Up Contributions
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