Zscaler Inc (ZS) EVP Sells $199,105.94 in Stock

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Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 4,807 shares of Zscaler stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $41.42, for a total value of $199,105.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Thursday, November 1st, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $36.97, for a total value of $177,714.79.
  • On Thursday, October 25th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $35.16, for a total value of $169,014.12.
  • On Thursday, October 18th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $37.46, for a total value of $180,070.22.
  • On Thursday, October 11th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $34.90, for a total value of $167,764.30.
  • On Thursday, October 4th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $37.73, for a total value of $181,368.11.
  • On Thursday, September 27th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $41.87, for a total value of $201,269.09.
  • On Thursday, September 20th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $38.29, for a total value of $184,060.03.
  • On Monday, September 17th, Amit Sinha sold 40,000 shares of Zscaler stock. The stock was sold at an average price of $41.67, for a total value of $1,666,800.00.
  • On Thursday, September 13th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $42.12, for a total value of $202,470.84.

Shares of NASDAQ ZS traded down $1.03 during mid-day trading on Friday, hitting $40.71. 648,664 shares of the stock traded hands, compared to its average volume of 1,251,562. Zscaler Inc has a 52 week low of $24.76 and a 52 week high of $48.24. The firm has a market capitalization of $4.91 billion and a PE ratio of -131.32.

Zscaler (NASDAQ:ZS) last released its earnings results on Wednesday, September 5th. The company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The company had revenue of $56.20 million during the quarter, compared to the consensus estimate of $50.72 million. During the same period last year, the firm posted ($0.07) earnings per share. The company’s revenue was up 53.8% compared to the same quarter last year. On average, research analysts predict that Zscaler Inc will post -0.33 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in ZS. FMR LLC boosted its holdings in Zscaler by 305.1% in the second quarter. FMR LLC now owns 5,260,146 shares of the company’s stock worth $188,050,000 after acquiring an additional 3,961,759 shares in the last quarter. BlackRock Inc. boosted its holdings in Zscaler by 23,211.1% in the second quarter. BlackRock Inc. now owns 948,061 shares of the company’s stock worth $33,893,000 after acquiring an additional 943,994 shares in the last quarter. DSAM Partners London Ltd bought a new stake in Zscaler in the second quarter worth $13,277,000. Waddell & Reed Financial Inc. boosted its holdings in Zscaler by 602.0% in the second quarter. Waddell & Reed Financial Inc. now owns 410,809 shares of the company’s stock worth $14,686,000 after acquiring an additional 352,289 shares in the last quarter. Finally, Sandler Capital Management bought a new stake in Zscaler in the second quarter worth $10,142,000. 23.08% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently weighed in on ZS. Zacks Investment Research lowered Zscaler from a “hold” rating to a “sell” rating in a research report on Saturday, October 13th. Needham & Company LLC lifted their price target on Zscaler from $45.00 to $47.50 and gave the company a “strong-buy” rating in a research report on Thursday, September 6th. Credit Suisse Group lifted their price target on Zscaler from $38.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, September 6th. Wedbush began coverage on Zscaler in a research report on Thursday, October 18th. They set an “outperform” rating and a $48.00 price target on the stock. Finally, BTIG Research lowered Zscaler from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Monday, September 10th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $37.58.

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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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