Zscaler, Inc. (NASDAQ:ZS – Get Free Report) insider Robert Schlossman sold 4,947 shares of Zscaler stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $170.22, for a total transaction of $842,078.34. Following the sale, the insider now owns 107,241 shares in the company, valued at $18,254,563.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Zscaler Price Performance
Shares of Zscaler stock traded down $3.95 during trading on Tuesday, hitting $166.99. 1,391,723 shares of the company were exchanged, compared to its average volume of 2,118,645. The firm has a market capitalization of $25.24 billion, a P/E ratio of -327.43 and a beta of 0.82. The firm’s fifty day moving average price is $178.09 and its 200 day moving average price is $181.46. Zscaler, Inc. has a 1-year low of $149.63 and a 1-year high of $259.61.
Zscaler (NASDAQ:ZS – Get Free Report) last posted its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.09. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The company had revenue of $592.90 million for the quarter, compared to analyst estimates of $567.46 million. During the same period last year, the business posted ($0.17) earnings per share. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Zscaler, Inc. will post -0.95 earnings per share for the current year.
Institutional Investors Weigh In On Zscaler
Analyst Ratings Changes
A number of equities research analysts have weighed in on ZS shares. BTIG Research decreased their price objective on Zscaler from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. BMO Capital Markets cut their target price on Zscaler from $208.00 to $197.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. lowered their price target on Zscaler from $230.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 4th. Stifel Nicolaus reissued a “buy” rating and set a $220.00 price objective on shares of Zscaler in a report on Wednesday, September 4th. Finally, JMP Securities restated a “market outperform” rating and issued a $270.00 target price on shares of Zscaler in a research note on Wednesday, September 4th. Nine research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.39.
Check Out Our Latest Stock Report on ZS
About Zscaler
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.
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