Zscaler, Inc. (NASDAQ:ZS) Insider Adam Geller Sells 3,009 Shares of Stock

Zscaler, Inc. (NASDAQ:ZS) insider Adam Geller sold 3,009 shares of the firm’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total transaction of $913,833.30. Following the completion of the transaction, the insider now directly owns 50,475 shares in the company, valued at approximately $15,329,257.50. This represents a 5.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Adam Geller also recently made the following trade(s):

• On Wednesday, June 18th, Adam Geller sold 3,662 shares of Zscaler stock. The stock was sold at an average price of $306.72, for a total transaction of $1,123,208.64.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $305.41 on Thursday. The stock’s 50 day moving average price is $247.98 and its 200 day moving average price is $214.79. The stock has a market cap of $47.55 billion, a price-to-earnings ratio of -1,174.65 and a beta of 1.09. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $309.19.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. Zscaler had a negative return on equity of 0.59% and a negative net margin of 1.52%. The company had revenue of $678.03 million for the quarter, compared to the consensus estimate of $667.13 million. During the same quarter in the previous year, the business earned $0.88 EPS. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, sell-side analysts expect that Zscaler, Inc. will post -0.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Cantor Fitzgerald boosted their price objective on Zscaler from $290.00 to $340.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 11th. Oppenheimer boosted their target price on shares of Zscaler from $290.00 to $345.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. Wall Street Zen raised shares of Zscaler from a “hold” rating to a “buy” rating in a research report on Sunday, June 8th. Wells Fargo & Company raised Zscaler from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $260.00 to $385.00 in a report on Friday, June 13th. Finally, Royal Bank Of Canada lifted their price objective on Zscaler from $288.00 to $304.00 and gave the stock an “outperform” rating in a report on Friday, May 30th. Eight research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and an average target price of $294.03.

Institutional Investors Weigh In On Zscaler

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Zscaler by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock worth $1,962,474,000 after purchasing an additional 294,034 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Zscaler by 23.4% during the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock worth $604,831,000 after buying an additional 578,883 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Zscaler during the first quarter worth approximately $516,622,000. Geode Capital Management LLC grew its position in Zscaler by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 1,658,406 shares of the company’s stock worth $298,710,000 after buying an additional 32,545 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in shares of Zscaler by 25.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company’s stock valued at $291,935,000 after acquiring an additional 332,307 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.