Zscaler Inc (NASDAQ:ZS) Director Karen Blasing Sells 1,000 Shares

Zscaler Inc (NASDAQ:ZS) Director Karen Blasing sold 1,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $50.46, for a total transaction of $50,460.00. Following the completion of the transaction, the director now directly owns 2,595 shares of the company’s stock, valued at approximately $130,943.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Karen Blasing also recently made the following trade(s):

  • On Tuesday, October 1st, Karen Blasing sold 1,000 shares of Zscaler stock. The stock was sold at an average price of $46.80, for a total transaction of $46,800.00.
  • On Monday, September 16th, Karen Blasing sold 1,000 shares of Zscaler stock. The stock was sold at an average price of $47.02, for a total transaction of $47,020.00.
  • On Tuesday, September 3rd, Karen Blasing sold 1,000 shares of Zscaler stock. The stock was sold at an average price of $68.09, for a total transaction of $68,090.00.

Zscaler stock opened at $51.07 on Tuesday. The business has a 50 day moving average of $45.58 and a 200-day moving average of $64.88. Zscaler Inc has a 1 year low of $34.21 and a 1 year high of $89.54. The company has a market capitalization of $6.53 billion, a P/E ratio of -425.58 and a beta of 1.22.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. Zscaler had a negative return on equity of 9.46% and a negative net margin of 9.46%. The company had revenue of $86.11 million during the quarter, compared to the consensus estimate of $82.15 million. As a group, equities research analysts predict that Zscaler Inc will post -0.24 EPS for the current fiscal year.

A number of research firms have recently commented on ZS. Bank of America raised shares of Zscaler from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a report on Monday, November 25th. SunTrust Banks began coverage on shares of Zscaler in a report on Wednesday, October 2nd. They issued a “buy” rating and a $73.00 target price for the company. Citigroup started coverage on shares of Zscaler in a report on Monday, October 14th. They issued a “neutral” rating and a $50.00 target price for the company. DA Davidson started coverage on Zscaler in a research note on Wednesday, November 27th. They issued a “buy” rating for the company. Finally, BMO Capital Markets lowered their price objective on Zscaler from $100.00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday, September 11th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $63.11.

A number of large investors have recently added to or reduced their stakes in ZS. Nuveen Asset Management LLC acquired a new stake in Zscaler during the 2nd quarter valued at approximately $148,614,000. Vanguard Group Inc. increased its position in Zscaler by 16.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,739,352 shares of the company’s stock valued at $363,224,000 after purchasing an additional 655,847 shares during the period. First Trust Advisors LP increased its position in Zscaler by 53.8% during the 3rd quarter. First Trust Advisors LP now owns 1,257,760 shares of the company’s stock valued at $59,442,000 after purchasing an additional 440,077 shares during the period. Allianz Asset Management GmbH increased its position in Zscaler by 19.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 2,453,763 shares of the company’s stock valued at $188,057,000 after purchasing an additional 400,253 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in Zscaler by 159.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 637,700 shares of the company’s stock valued at $48,873,000 after purchasing an additional 392,200 shares during the period. 36.46% of the stock is owned by institutional investors and hedge funds.

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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