Insider Selling: Zscaler Inc (NASDAQ:ZS) Insider Sells 4,807 Shares of Stock

Zscaler Inc (NASDAQ:ZS) insider Amit Sinha sold 4,807 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $65.52, for a total value of $314,954.64. Following the completion of the sale, the insider now directly owns 127,664 shares in the company, valued at $8,364,545.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Thursday, August 29th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $70.12, for a total value of $337,066.84.
  • On Thursday, August 22nd, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $72.24, for a total value of $347,257.68.
  • On Thursday, August 15th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $79.42, for a total value of $381,771.94.
  • On Thursday, August 8th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $83.81, for a total value of $402,874.67.
  • On Thursday, August 1st, Amit Sinha sold 44,982 shares of Zscaler stock. The stock was sold at an average price of $84.96, for a total value of $3,821,670.72.
  • On Thursday, June 27th, Amit Sinha sold 2,000 shares of Zscaler stock. The stock was sold at an average price of $78.00, for a total value of $156,000.00.
  • On Thursday, June 20th, Amit Sinha sold 18,000 shares of Zscaler stock. The stock was sold at an average price of $80.78, for a total value of $1,454,040.00.
  • On Thursday, June 13th, Amit Sinha sold 97,339 shares of Zscaler stock. The stock was sold at an average price of $79.89, for a total value of $7,776,412.71.

Zscaler stock traded down $2.93 during trading on Friday, reaching $64.05. 3,260,570 shares of the company were exchanged, compared to its average volume of 2,302,445. Zscaler Inc has a 52-week low of $30.72 and a 52-week high of $89.54. The company has a market capitalization of $8.42 billion, a P/E ratio of -206.61 and a beta of 1.29. The stock’s 50 day simple moving average is $78.41 and its two-hundred day simple moving average is $71.87.

A number of institutional investors have recently made changes to their positions in the stock. Mastrapasqua Asset Management Inc. lifted its position in Zscaler by 0.3% during the second quarter. Mastrapasqua Asset Management Inc. now owns 54,585 shares of the company’s stock worth $4,183,000 after buying an additional 175 shares in the last quarter. Tocqueville Asset Management L.P. lifted its position in Zscaler by 1.0% during the second quarter. Tocqueville Asset Management L.P. now owns 19,035 shares of the company’s stock worth $1,459,000 after buying an additional 185 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Zscaler by 2.0% during the second quarter. Janney Montgomery Scott LLC now owns 9,547 shares of the company’s stock worth $732,000 after buying an additional 190 shares in the last quarter. CSat Investment Advisory L.P. purchased a new position in Zscaler during the second quarter worth approximately $25,000. Finally, Tortoise Index Solutions LLC purchased a new position in Zscaler during the first quarter worth approximately $25,000. Hedge funds and other institutional investors own 33.59% of the company’s stock.

A number of analysts have recently issued reports on ZS shares. Barclays lifted their price target on Zscaler from $55.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. BMO Capital Markets started coverage on Zscaler in a research note on Thursday, August 1st. They issued a “market perform” rating and a $100.00 price target on the stock. ValuEngine lowered Zscaler from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. UBS Group lifted their price target on Zscaler from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 31st. Finally, Piper Jaffray Companies lifted their price target on Zscaler from $65.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Zscaler currently has an average rating of “Hold” and a consensus target price of $74.25.

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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