Zscaler Inc (NASDAQ:ZS) insider Manoj Apte sold 95,544 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $84.91, for a total transaction of $8,112,641.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Zscaler stock opened at $83.48 on Friday. Zscaler Inc has a 52 week low of $30.72 and a 52 week high of $89.54. The firm’s 50-day moving average is $81.26. The firm has a market cap of $10.59 billion, a PE ratio of -269.29 and a beta of 1.12.
Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $79.10 million for the quarter, compared to the consensus estimate of $74.92 million. During the same quarter last year, the business posted ($0.02) EPS. The business’s revenue for the quarter was up 60.8% on a year-over-year basis. Sell-side analysts predict that Zscaler Inc will post -0.17 EPS for the current year.
Several large investors have recently bought and sold shares of ZS. FMR LLC boosted its position in shares of Zscaler by 11.7% during the 1st quarter. FMR LLC now owns 7,160,253 shares of the company’s stock valued at $507,877,000 after purchasing an additional 750,088 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Zscaler by 474.2% during the 1st quarter. First Trust Advisors LP now owns 586,138 shares of the company’s stock valued at $41,575,000 after purchasing an additional 484,056 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Zscaler by 61.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,084,991 shares of the company’s stock valued at $76,958,000 after purchasing an additional 413,072 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Zscaler during the 1st quarter valued at about $28,835,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Zscaler by 874.0% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 328,350 shares of the company’s stock valued at $25,165,000 after purchasing an additional 294,640 shares in the last quarter. Institutional investors own 33.97% of the company’s stock.
ZS has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $89.00 price objective (up previously from $65.00) on shares of Zscaler in a report on Friday, May 31st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $75.00 price objective (up previously from $55.00) on shares of Zscaler in a report on Tuesday, April 9th. Zacks Investment Research cut shares of Zscaler from a “buy” rating to a “hold” rating in a research note on Saturday. Berenberg Bank assumed coverage on shares of Zscaler in a research note on Friday, May 31st. They set a “hold” rating and a $78.00 target price on the stock. Finally, Deutsche Bank raised their target price on shares of Zscaler from $57.00 to $76.00 and gave the company a “hold” rating in a research note on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $74.25.
Zscaler Company Profile
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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