Insider Selling: Zscaler, Inc. (NASDAQ:ZS) Director Sells 2,000 Shares of Stock

Zscaler, Inc. (NASDAQ:ZS) Director Karen Blasing sold 2,000 shares of the business’s stock in a transaction on Monday, September 13th. The shares were sold at an average price of $264.67, for a total transaction of $529,340.00. Following the sale, the director now directly owns 3,763 shares of the company’s stock, valued at $995,953.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, August 30th, Karen Blasing sold 2,000 shares of Zscaler stock. The shares were sold at an average price of $277.31, for a total transaction of $554,620.00.
  • On Monday, July 19th, Karen Blasing sold 2,000 shares of Zscaler stock. The shares were sold at an average price of $221.43, for a total transaction of $442,860.00.
  • On Tuesday, July 6th, Karen Blasing sold 2,000 shares of Zscaler stock. The shares were sold at an average price of $223.42, for a total transaction of $446,840.00.
  • On Monday, June 21st, Karen Blasing sold 2,000 shares of Zscaler stock. The shares were sold at an average price of $216.25, for a total transaction of $432,500.00.

Shares of NASDAQ:ZS opened at $275.80 on Wednesday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.77. Zscaler, Inc. has a fifty-two week low of $120.34 and a fifty-two week high of $293.44. The firm has a 50-day simple moving average of $248.97 and a 200 day simple moving average of $210.04. The company has a market cap of $37.78 billion, a PE ratio of -142.90 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last posted its earnings results on Wednesday, September 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. Zscaler had a negative net margin of 38.93% and a negative return on equity of 40.50%. The firm had revenue of $197.07 million during the quarter, compared to analysts’ expectations of $187.44 million. During the same quarter in the prior year, the firm earned ($0.34) EPS. Zscaler’s quarterly revenue was up 56.5% on a year-over-year basis. As a group, research analysts forecast that Zscaler, Inc. will post -1.81 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its position in Zscaler by 9.4% in the 2nd quarter. Bank of America Corp DE now owns 456,815 shares of the company’s stock worth $98,700,000 after purchasing an additional 39,382 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Zscaler by 4.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 113,182 shares of the company’s stock worth $24,454,000 after purchasing an additional 5,089 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Zscaler in the 2nd quarter worth about $864,000. Marshall Wace LLP grew its position in Zscaler by 667.0% in the 2nd quarter. Marshall Wace LLP now owns 23,899 shares of the company’s stock worth $5,163,000 after purchasing an additional 20,783 shares during the last quarter. Finally, Marshall Wace North America L.P. grew its position in Zscaler by 338.6% in the 2nd quarter. Marshall Wace North America L.P. now owns 22,933 shares of the company’s stock worth $4,955,000 after purchasing an additional 17,704 shares during the last quarter. Hedge funds and other institutional investors own 43.78% of the company’s stock.

ZS has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on shares of Zscaler from $225.00 to $295.00 and gave the stock a “neutral” rating in a report on Friday, September 10th. Cowen boosted their price objective on shares of Zscaler from $255.00 to $314.00 and gave the stock an “outperform” rating in a report on Friday, September 10th. Barclays boosted their price objective on shares of Zscaler from $206.00 to $289.00 and gave the stock an “equal weight” rating in a report on Thursday, September 9th. BTIG Research boosted their price objective on shares of Zscaler from $279.00 to $324.00 and gave the stock a “buy” rating in a report on Friday, September 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zscaler from $282.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, September 10th. Eight research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $288.67.

Zscaler Company Profile

Zscaler, Inc engages in the provision of cloud-based internet security platform. It provides four integrated and comprehensive solutions to customers using cloud platform, the Zscaler Zero Trust Exchange. The firm offers Zcaler internet access, private access, and platform. The company was founded by Jay Chaudhry and K.

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

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