Zscaler, Inc. (NASDAQ:ZS) CFO Remo Canessa Sells 7,981 Shares

Zscaler, Inc. (NASDAQ:ZS) CFO Remo Canessa sold 7,981 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the transaction, the chief financial officer now owns 243,486 shares of the company’s stock, valued at approximately $43,148,154.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Remo Canessa also recently made the following trade(s):

• On Tuesday, June 18th, Remo Canessa sold 4,689 shares of Zscaler stock. The shares were sold at an average price of $180.93, for a total transaction of $848,380.77.

Zscaler Stock Up 0.5 %

ZS stock opened at $179.55 on Monday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.04. The company’s 50 day moving average is $175.69 and its 200 day moving average is $203.37. The stock has a market cap of $27.14 billion, a price-to-earnings ratio of -352.06 and a beta of 0.85. Zscaler, Inc. has a 1-year low of $131.59 and a 1-year high of $259.61.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, May 30th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.39. The firm had revenue of $553.20 million during the quarter, compared to analyst estimates of $535.55 million. Zscaler had a negative return on equity of 5.84% and a negative net margin of 3.62%. Sell-side analysts predict that Zscaler, Inc. will post -0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Zscaler

Institutional investors have recently added to or reduced their stakes in the company. Spire Wealth Management boosted its position in shares of Zscaler by 24.5% during the fourth quarter. Spire Wealth Management now owns 249 shares of the company’s stock valued at $58,000 after buying an additional 49 shares during the last quarter. US Bancorp DE lifted its position in shares of Zscaler by 0.3% during the 4th quarter. US Bancorp DE now owns 22,944 shares of the company’s stock valued at $5,083,000 after buying an additional 59 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Zscaler by 1.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,761 shares of the company’s stock valued at $585,000 after purchasing an additional 63 shares during the period. Kovack Advisors Inc. raised its stake in Zscaler by 3.4% during the 1st quarter. Kovack Advisors Inc. now owns 2,042 shares of the company’s stock valued at $393,000 after purchasing an additional 67 shares during the period. Finally, Lindbrook Capital LLC raised its stake in Zscaler by 41.1% during the 4th quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock valued at $53,000 after purchasing an additional 69 shares during the period. Institutional investors own 46.45% of the company’s stock.

Analyst Ratings Changes

ZS has been the topic of several research reports. The Goldman Sachs Group increased their price target on shares of Zscaler from $189.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Barclays raised their target price on shares of Zscaler from $205.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Truist Financial reaffirmed a “buy” rating and set a $260.00 price target on shares of Zscaler in a research note on Monday, April 1st. Robert W. Baird decreased their price objective on shares of Zscaler from $265.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, May 24th. Finally, Sanford C. Bernstein decreased their price target on shares of Zscaler from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Friday, May 31st. Six research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and an average target price of $225.21.

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.