Amit Sinha Sells 10,000 Shares of Zscaler Inc (NASDAQ:ZS) Stock

Zscaler Inc (NASDAQ:ZS) insider Amit Sinha sold 10,000 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $140.00, for a total value of $1,400,000.00. Following the transaction, the insider now directly owns 255,797 shares in the company, valued at approximately $35,811,580. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Amit Sinha also recently made the following trade(s):

  • On Monday, September 21st, Amit Sinha sold 11,395 shares of Zscaler stock. The stock was sold at an average price of $133.78, for a total value of $1,524,423.10.
  • On Tuesday, September 15th, Amit Sinha sold 15,000 shares of Zscaler stock. The stock was sold at an average price of $132.11, for a total value of $1,981,650.00.
  • On Tuesday, July 14th, Amit Sinha sold 5,333 shares of Zscaler stock. The stock was sold at an average price of $119.60, for a total value of $637,826.80.
  • On Tuesday, July 7th, Amit Sinha sold 10,000 shares of Zscaler stock. The stock was sold at an average price of $114.49, for a total value of $1,144,900.00.
  • On Wednesday, July 1st, Amit Sinha sold 54,667 shares of Zscaler stock. The stock was sold at an average price of $109.26, for a total value of $5,972,916.42.

NASDAQ ZS traded down $2.38 during trading hours on Wednesday, hitting $135.61. The company had a trading volume of 2,040,863 shares, compared to its average volume of 3,068,210. The firm’s 50 day moving average is $132.54 and its 200 day moving average is $97.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market capitalization of $18.02 billion, a price-to-earnings ratio of -152.37 and a beta of 0.76. Zscaler Inc has a fifty-two week low of $35.00 and a fifty-two week high of $163.80.

Zscaler (NASDAQ:ZS) last announced its earnings results on Wednesday, September 9th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The company had revenue of $125.89 million during the quarter, compared to the consensus estimate of $118.67 million. Zscaler had a negative return on equity of 27.39% and a negative net margin of 26.69%. The company’s revenue was up 46.2% on a year-over-year basis. During the same period last year, the firm earned $0.07 earnings per share. On average, equities analysts anticipate that Zscaler Inc will post -0.87 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Citizens Financial Group Inc RI acquired a new stake in shares of Zscaler during the second quarter valued at about $25,000. Allworth Financial LP acquired a new stake in shares of Zscaler during the second quarter valued at about $33,000. IFP Advisors Inc acquired a new stake in shares of Zscaler during the second quarter valued at about $36,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Zscaler during the first quarter valued at about $37,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Zscaler during the second quarter valued at about $48,000. Institutional investors own 42.24% of the company’s stock.

ZS has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $115.00 price target on shares of Zscaler in a research note on Tuesday, July 28th. Deutsche Bank initiated coverage on Zscaler in a research note on Thursday, August 20th. They set a “buy” rating and a $171.00 price target on the stock. Zacks Investment Research downgraded Zscaler from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a report on Wednesday, September 9th. Needham & Company LLC upped their price objective on Zscaler from $130.00 to $165.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 10th. Finally, Barclays upped their price objective on Zscaler from $89.00 to $159.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Thirteen analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $124.46.

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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