Zscaler Inc (NASDAQ:ZS) Insider Amit Sinha Sells 11,395 Shares

Zscaler Inc (NASDAQ:ZS) insider Amit Sinha sold 11,395 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $133.78, for a total transaction of $1,524,423.10. Following the completion of the sale, the insider now directly owns 255,797 shares of the company’s stock, valued at approximately $34,220,522.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, September 23rd, Amit Sinha sold 10,000 shares of Zscaler stock. The shares were sold at an average price of $140.00, for a total transaction of $1,400,000.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $5,972,916.42.

ZS stock traded down $2.38 during trading hours on Wednesday, reaching $135.61. The stock had a trading volume of 2,040,863 shares, compared to its average volume of 3,068,210. The stock has a market capitalization of $18.02 billion, a PE ratio of -152.37 and a beta of 0.76. 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 stock has a 50-day simple moving average of $132.54 and a 200 day simple moving average of $97.72. 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 quarterly earnings results on Wednesday, September 9th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $125.89 million during the quarter, compared to analysts’ expectations of $118.67 million. Zscaler had a negative net margin of 26.69% and a negative return on equity of 27.39%. The company’s revenue for the quarter was up 46.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. On average, sell-side analysts forecast that Zscaler Inc will post -0.87 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on ZS shares. Piper Sandler increased their price objective on shares of Zscaler from $75.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 10th. They noted that the move was a valuation call. Truist increased their price objective on shares of Zscaler from $73.00 to $100.00 in a research report on Thursday, September 10th. BidaskClub downgraded shares of Zscaler from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Royal Bank of Canada increased their target price on shares of Zscaler from $130.00 to $141.00 and gave the stock an “outperform” rating in a report on Tuesday, September 8th. Finally, OTR Global upgraded shares of Zscaler to a “positive” rating in a report on Friday, August 14th. Thirteen equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $124.46.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in shares of Zscaler by 201.5% during the 2nd quarter. Bank of Montreal Can now owns 32,340 shares of the company’s stock worth $4,120,000 after buying an additional 21,612 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Zscaler by 9.3% during the 1st quarter. Rhumbline Advisers now owns 67,351 shares of the company’s stock worth $4,099,000 after buying an additional 5,738 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Zscaler by 39.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 9,531 shares of the company’s stock worth $1,044,000 after buying an additional 2,675 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Zscaler by 94.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,051,354 shares of the company’s stock worth $115,123,000 after buying an additional 509,318 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Zscaler by 7.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 90,538 shares of the company’s stock worth $9,914,000 after buying an additional 6,648 shares during the last quarter. Institutional investors own 42.24% of the company’s stock.

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.

Further Reading: What is Cost of Goods Sold (COGS)?

Insider Buying and Selling by Quarter for Zscaler (NASDAQ:ZS)

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