Zscaler, Inc. (NASDAQ:ZS) CEO Jagtar Singh Chaudhry Sells 2,863 Shares

Zscaler, Inc. (NASDAQ:ZS) CEO Jagtar Singh Chaudhry sold 2,863 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at $71,828,542.08. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Zscaler Stock Down 1.3 %

Shares of Zscaler stock opened at $183.21 on Friday. The business has a 50-day moving average price of $197.72 and a 200 day moving average price of $187.55. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61. The firm has a market cap of $28.11 billion, a P/E ratio of -732.84 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. During the same period in the prior year, the company posted ($0.18) EPS. The business’s revenue was up 26.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Zscaler, Inc. will post -0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

ZS has been the subject of several recent research reports. BTIG Research increased their price target on Zscaler from $205.00 to $238.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $190.00 target price on shares of Zscaler in a report on Wednesday, September 4th. Canaccord Genuity Group increased their price target on shares of Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Stifel Nicolaus boosted their target price on Zscaler from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Scotiabank raised their price target on Zscaler from $195.00 to $205.00 and gave the company a “sector outperform” rating in a report on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $224.84.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ZS. Quest Partners LLC acquired a new position in Zscaler during the 2nd quarter valued at approximately $28,000. Prestige Wealth Management Group LLC bought a new stake in Zscaler in the third quarter valued at $31,000. True Wealth Design LLC boosted its holdings in shares of Zscaler by 18,500.0% during the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after acquiring an additional 185 shares during the period. Asset Dedication LLC grew its position in shares of Zscaler by 436.8% during the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock worth $39,000 after acquiring an additional 166 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Zscaler in the 3rd quarter worth about $38,000. 46.45% of the stock is currently owned by institutional investors.

Zscaler Company Profile

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.