Zscaler Inc (NASDAQ:ZS) Insider Robert Schlossman Sells 2,000 Shares

Zscaler Inc (NASDAQ:ZS) insider Robert Schlossman sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $50.51, for a total transaction of $101,020.00. Following the completion of the transaction, the insider now directly owns 94,966 shares of the company’s stock, valued at approximately $4,796,732.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Robert Schlossman also recently made the following trade(s):

  • On Monday, November 25th, Robert Schlossman sold 2,000 shares of Zscaler stock. The stock was sold at an average price of $50.00, for a total transaction of $100,000.00.

Shares of NASDAQ:ZS traded down $1.06 during trading on Monday, reaching $51.07. 4,177,757 shares of the company traded hands, compared to its average volume of 2,494,500. The firm has a fifty day simple moving average of $45.36 and a 200 day simple moving average of $65.18. The firm has a market cap of $6.53 billion, a P/E ratio of -425.58 and a beta of 1.22. Zscaler Inc has a 1-year low of $34.21 and a 1-year high of $89.54.

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

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Zscaler by 16.1% in 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 last quarter. Allianz Asset Management GmbH lifted its stake in shares of Zscaler by 19.5% in 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 last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Zscaler in the 2nd quarter valued at $148,614,000. First Trust Advisors LP lifted its stake in shares of Zscaler by 53.8% in 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 last quarter. Finally, State Street Corp lifted its stake in shares of Zscaler by 8.2% in the 3rd quarter. State Street Corp now owns 845,097 shares of the company’s stock valued at $39,939,000 after purchasing an additional 64,095 shares during the last quarter. 36.46% of the stock is owned by institutional investors.

A number of equities analysts recently commented on the stock. Robert W. Baird decreased their price objective on shares of Zscaler from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. DA Davidson assumed coverage on shares of Zscaler in a research note on Wednesday, November 27th. They issued a “buy” rating for the company. UBS Group decreased their price objective on shares of Zscaler from $70.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $89.00 price objective on shares of Zscaler in a research note on Sunday, October 20th. Finally, SunTrust Banks assumed coverage on shares of Zscaler in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $73.00 price objective for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $63.11.

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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Insider Buying and Selling by Quarter for Zscaler (NASDAQ:ZS)

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