Zscaler Inc (NASDAQ:ZS) Insider Sells $101,020.00 in Stock

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Zscaler Inc (NASDAQ:ZS) insider Robert Schlossman sold 2,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $50.51, for a total transaction of $101,020.00. Following the transaction, the insider now directly owns 94,966 shares in the company, valued at approximately $4,796,732.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Robert Schlossman also recently made the following trade(s):

  • On Monday, November 25th, Robert Schlossman sold 2,000 shares of Zscaler stock. The stock was sold at an average price of $50.00, for a total transaction of $100,000.00.

NASDAQ ZS traded down $1.06 during trading hours on Monday, reaching $51.07. The company’s stock had a trading volume of 4,177,757 shares, compared to its average volume of 2,494,500. The business has a 50-day simple moving average of $45.36 and a 200 day simple moving average of $65.18. Zscaler Inc has a 52 week low of $34.21 and a 52 week high of $89.54. The stock has a market cap of $6.53 billion, a PE ratio of -425.58 and a beta of 1.22.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.06. Zscaler had a negative net margin of 9.46% and a negative return on equity of 9.46%. The firm had revenue of $86.11 million for the quarter, compared to analysts’ expectations of $82.15 million. As a group, sell-side analysts forecast that Zscaler Inc will post -0.24 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. CSat Investment Advisory L.P. acquired a new stake in shares of Zscaler in the second quarter valued at approximately $25,000. Meadow Creek Investment Management LLC acquired a new stake in shares of Zscaler in the second quarter valued at approximately $32,000. Neuburgh Advisers LLC acquired a new stake in shares of Zscaler in the second quarter valued at approximately $44,000. Tyers Asset Management LLC acquired a new stake in shares of Zscaler in the second quarter valued at approximately $56,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Zscaler in the second quarter valued at approximately $63,000. Institutional investors own 36.46% of the company’s stock.

Several brokerages have recently commented on ZS. Barclays reduced their price target on shares of Zscaler from $80.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 11th. Rosenblatt Securities reaffirmed a “hold” rating and set a $50.00 price target on shares of Zscaler in a research report on Wednesday, September 18th. Piper Jaffray Companies reduced their price target on shares of Zscaler from $82.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Goldman Sachs Group initiated coverage on shares of Zscaler in a report on Tuesday, November 12th. They issued a “neutral” rating and a $45.00 target price on the stock. Finally, Berenberg Bank raised shares of Zscaler from a “hold” rating to a “buy” rating and cut their target price for the stock from $78.00 to $60.00 in a report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company’s stock. Zscaler presently has a consensus rating of “Hold” and an average price target of $63.11.

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

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