Insider Selling: Zscaler, Inc. (NASDAQ:ZS) Insider Sells 4,064 Shares of Stock

Zscaler, Inc. (NASDAQ:ZS) insider Syam Nair sold 4,064 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 value of $1,234,236.80. Following the transaction, the insider now owns 106,659 shares in the company, valued at approximately $32,392,338.30. This represents a 3.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Syam Nair also recently made the following trade(s):

• On Friday, May 16th, Syam Nair sold 28,947 shares of Zscaler stock. The shares were sold at an average price of $250.00, for a total value of $7,236,750.00.

Zscaler Stock Performance

Shares of ZS stock opened at $302.94 on Friday. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $309.19. The firm has a market capitalization of $47.17 billion, a price-to-earnings ratio of -1,165.15 and a beta of 1.09. The stock’s 50-day simple moving average is $252.28 and its 200-day simple moving average is $216.18.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, May 29th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The firm had revenue of $678.03 million for the quarter, compared to analyst estimates of $667.13 million. Zscaler had a negative return on equity of 0.59% and a negative net margin of 1.52%. Zscaler’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. As a group, equities analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ZS shares. Evercore ISI raised their price target on Zscaler from $245.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, May 30th. The Goldman Sachs Group set a $207.00 price target on Zscaler and gave the company a “neutral” rating in a research note on Thursday, March 6th. Jefferies Financial Group cut their price target on Zscaler from $245.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Loop Capital raised their price target on Zscaler from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Finally, KeyCorp lifted their target price on Zscaler from $290.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Eight investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $294.03.

Institutional Investors Weigh In On Zscaler

Large investors have recently bought and sold shares of the company. ORG Partners LLC boosted its position in Zscaler by 284.8% in the first quarter. ORG Partners LLC now owns 127 shares of the company’s stock valued at $26,000 after buying an additional 94 shares during the last quarter. SVB Wealth LLC purchased a new stake in Zscaler in the first quarter valued at approximately $26,000. Summit Securities Group LLC purchased a new stake in Zscaler in the fourth quarter valued at approximately $27,000. Colonial Trust Co SC purchased a new stake in Zscaler in the fourth quarter valued at approximately $28,000. Finally, Goodman Advisory Group LLC purchased a new stake in Zscaler in the first quarter valued at approximately $29,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Company Profile

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.