Zscaler Inc (ZS) EVP Amit Sinha Sells 1,310 Shares

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 1,310 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $70.32, for a total transaction of $92,119.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Thursday, March 14th, Amit Sinha sold 50,000 shares of Zscaler stock. The shares were sold at an average price of $64.75, for a total transaction of $3,237,500.00.
  • On Friday, March 1st, Amit Sinha sold 85,579 shares of Zscaler stock. The shares were sold at an average price of $60.10, for a total transaction of $5,143,297.90.
  • On Thursday, February 21st, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $49.60, for a total transaction of $238,427.20.
  • On Thursday, February 14th, Amit Sinha sold 104,807 shares of Zscaler stock. The shares were sold at an average price of $50.15, for a total transaction of $5,256,071.05.
  • On Thursday, February 7th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $47.26, for a total transaction of $227,178.82.
  • On Thursday, January 31st, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $46.88, for a total transaction of $225,352.16.
  • On Thursday, January 24th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $44.86, for a total transaction of $215,642.02.
  • On Thursday, January 17th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $44.46, for a total transaction of $213,719.22.
  • On Thursday, January 10th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $44.94, for a total transaction of $216,026.58.
  • On Thursday, January 3rd, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $39.26, for a total transaction of $188,722.82.

Shares of Zscaler stock opened at $67.81 on Tuesday. The firm has a market cap of $8.22 billion and a price-to-earnings ratio of -218.74. Zscaler Inc has a one year low of $24.76 and a one year high of $70.90.

ZS has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Zscaler from $39.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Bank of America set a $53.00 price objective on shares of Zscaler and gave the stock a “hold” rating in a research report on Friday, March 1st. Morgan Stanley set a $43.00 price objective on shares of Zscaler and gave the stock a “sell” rating in a research report on Friday, March 1st. ValuEngine upgraded shares of Zscaler from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Finally, Deutsche Bank upped their price objective on shares of Zscaler from $44.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, eight 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 a consensus rating of “Hold” and an average target price of $48.53.

A number of institutional investors have recently made changes to their positions in the business. Quantamental Technologies LLC purchased a new position in shares of Zscaler in the 4th quarter valued at about $39,000. Emerald Mutual Fund Advisers Trust increased its holdings in shares of Zscaler by 6.9% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 155,236 shares of the company’s stock valued at $6,087,000 after purchasing an additional 10,000 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Zscaler by 5,565.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,176,346 shares of the company’s stock valued at $47,971,000 after purchasing an additional 1,155,583 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Zscaler in the 4th quarter valued at about $4,003,000. Finally, First Republic Investment Management Inc. purchased a new position in shares of Zscaler in the 3rd quarter valued at about $18,046,000. Institutional investors own 29.84% of the company’s stock.

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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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