Zscaler Inc (NASDAQ:ZS) Director Karen Blasing sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $84.87, for a total value of $84,870.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Karen Blasing also recently made the following trade(s):
- On Monday, July 1st, Karen Blasing sold 1,000 shares of Zscaler stock. The stock was sold at an average price of $78.23, for a total value of $78,230.00.
- On Monday, June 17th, Karen Blasing sold 1,000 shares of Zscaler stock. The stock was sold at an average price of $77.12, for a total value of $77,120.00.
Shares of Zscaler stock opened at $83.48 on Friday. Zscaler Inc has a twelve month low of $30.72 and a twelve month high of $89.54. The firm has a market capitalization of $10.59 billion, a PE ratio of -269.29 and a beta of 1.12. The firm has a fifty day moving average price of $81.26.
Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, May 30th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). Zscaler had a negative net margin of 11.12% and a negative return on equity of 10.95%. The firm had revenue of $79.10 million during the quarter, compared to analyst estimates of $74.92 million. During the same quarter in the previous year, the business posted ($0.02) EPS. Zscaler’s revenue was up 60.8% compared to the same quarter last year. Equities research analysts anticipate that Zscaler Inc will post -0.17 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of ZS. Tortoise Index Solutions LLC acquired a new position in Zscaler in the first quarter valued at $25,000. FTB Advisors Inc. acquired a new position in Zscaler in the first quarter valued at $26,000. Nisa Investment Advisors LLC acquired a new position in Zscaler in the first quarter valued at $28,000. Wealthcare Advisory Partners LLC boosted its holdings in Zscaler by 211.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 700 shares of the company’s stock valued at $50,000 after acquiring an additional 475 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new position in Zscaler in the second quarter valued at $54,000. Hedge funds and other institutional investors own 33.97% of the company’s stock.
ZS has been the topic of several recent research reports. Berenberg Bank initiated coverage on Zscaler in a report on Friday, May 31st. They set a “hold” rating and a $78.00 price target on the stock. Cowen initiated coverage on Zscaler in a report on Thursday, May 23rd. They set an “outperform” rating and a $85.00 price target on the stock. Bank of America set a $77.00 price target on Zscaler and gave the stock a “neutral” rating in a report on Friday, May 31st. Morgan Stanley upped their price target on Zscaler from $43.00 to $52.00 and gave the stock an “underweight” rating in a report on Friday, May 31st. Finally, ValuEngine downgraded Zscaler from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given 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 $74.25.
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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