Zscaler Inc (NASDAQ:ZS) insider Robert Schlossman sold 45,000 shares of Zscaler stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $38.73, for a total transaction of $1,742,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
ZS stock opened at $40.97 on Wednesday. Zscaler Inc has a twelve month low of $24.76 and a twelve month high of $48.24. The firm has a market cap of $4.72 billion and a price-to-earnings ratio of -132.16.
Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Wednesday, September 5th. The company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $56.20 million for the quarter, compared to the consensus estimate of $50.72 million. During the same quarter last year, the firm earned ($0.07) EPS. The company’s revenue was up 53.8% on a year-over-year basis. On average, equities research analysts expect that Zscaler Inc will post -0.33 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Optimum Investment Advisors grew its holdings in shares of Zscaler by 240.0% in the third quarter. Optimum Investment Advisors now owns 3,400 shares of the company’s stock worth $139,000 after purchasing an additional 2,400 shares during the last quarter. BlackRock Inc. bought a new position in shares of Zscaler in the first quarter worth about $114,000. Bessemer Group Inc. purchased a new stake in Zscaler in the third quarter worth about $232,000. Stevens Capital Management LP purchased a new stake in Zscaler in the second quarter worth about $211,000. Finally, Raymond James & Associates purchased a new stake in Zscaler in the second quarter worth about $255,000. Hedge funds and other institutional investors own 23.08% of the company’s stock.
Several brokerages recently issued reports on ZS. Morgan Stanley boosted their target price on shares of Zscaler from $31.00 to $41.00 and gave the company an “equal weight” rating in a research report on Thursday, September 6th. Needham & Company LLC boosted their target price on shares of Zscaler to $45.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 17th. Robert W. Baird restated an “outperform” rating on shares of Zscaler in a research report on Thursday, October 18th. BTIG Research lowered shares of Zscaler from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research report on Monday, September 10th. They noted that the move was a valuation call. Finally, Wedbush began coverage on shares of Zscaler in a research report on Thursday, October 18th. They set an “outperform” rating and a $48.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.58.
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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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