Amit Sinha Sells 97,339 Shares of Zscaler Inc (NASDAQ:ZS) Stock

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 97,339 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $79.89, for a total transaction of $7,776,412.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Thursday, June 6th, Amit Sinha sold 24,807 shares of Zscaler stock. The stock was sold at an average price of $72.52, for a total transaction of $1,799,003.64.
  • On Thursday, May 30th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $72.96, for a total transaction of $350,718.72.
  • On Thursday, May 23rd, Amit Sinha sold 9,942 shares of Zscaler stock. The stock was sold at an average price of $76.93, for a total transaction of $764,838.06.
  • On Thursday, May 16th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $78.05, for a total transaction of $375,186.35.
  • On Thursday, May 9th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $67.59, for a total transaction of $324,905.13.
  • On Thursday, May 2nd, Amit Sinha sold 82,491 shares of Zscaler stock. The stock was sold at an average price of $66.77, for a total transaction of $5,507,924.07.
  • On Tuesday, March 26th, Amit Sinha sold 20,000 shares of Zscaler stock. The stock was sold at an average price of $71.30, for a total transaction of $1,426,000.00.
  • On Friday, March 22nd, Amit Sinha sold 1,310 shares of Zscaler stock. The stock was sold at an average price of $70.32, for a total transaction of $92,119.20.

NASDAQ:ZS traded up $2.55 on Thursday, reaching $79.72. The stock had a trading volume of 4,125,619 shares, compared to its average volume of 2,158,282. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of -257.16 and a beta of 1.19. Zscaler Inc has a 12-month low of $30.72 and a 12-month high of $80.38.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, May 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). The firm had revenue of $79.10 million during the quarter, compared to analysts’ expectations of $74.92 million. Zscaler had a negative net margin of 11.12% and a negative return on equity of 10.95%. Zscaler’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.02) earnings per share. As a group, equities analysts predict that Zscaler Inc will post -0.17 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Tortoise Index Solutions LLC purchased a new position in Zscaler in the 1st quarter valued at about $25,000. FTB Advisors Inc. purchased a new position in Zscaler in the 1st quarter valued at about $26,000. Nisa Investment Advisors LLC purchased a new position in Zscaler in the 1st quarter valued at about $28,000. Quantamental Technologies LLC purchased a new position in Zscaler in the 4th quarter valued at about $39,000. Finally, Acadian Asset Management LLC increased its stake 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 acquiring an additional 1,044 shares during the last quarter. Institutional investors own 34.36% of the company’s stock.

Several equities research analysts recently commented on the stock. Cowen assumed coverage on shares of Zscaler in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $85.00 price objective on the stock. Barclays boosted their price objective on shares of Zscaler from $55.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Deutsche Bank boosted their price objective on shares of Zscaler from $57.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, May 29th. Wedbush reiterated a “buy” rating and issued a $82.00 price objective on shares of Zscaler in a research report on Friday, May 31st. Finally, Bank of America set a $77.00 price objective on shares of Zscaler and gave the stock a “neutral” rating in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $72.00.

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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.

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