Zscaler, Inc. (NASDAQ:ZS) CEO Jagtar Singh Chaudhry Sells 2,863 Shares

Zscaler, Inc. (NASDAQ:ZS) CEO Jagtar Singh Chaudhry sold 2,863 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the transaction, the chief executive officer now owns 358,569 shares of the company’s stock, valued at approximately $71,828,542.08. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Zscaler Price Performance

Shares of ZS stock traded down $2.48 on Thursday, reaching $183.21. 2,546,252 shares of the company were exchanged, compared to its average volume of 2,060,923. The company has a 50-day moving average of $197.97 and a 200-day moving average of $187.58. The company has a market cap of $28.11 billion, a price-to-earnings ratio of -732.84 and a beta of 0.82. Zscaler, Inc. has a one year low of $153.45 and a one year high of $259.61.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) earnings per share. As a group, sell-side analysts predict that Zscaler, Inc. will post -0.24 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ZS. Morgan Stanley lowered their price target on shares of Zscaler from $215.00 to $205.00 and set an “equal weight” rating for the company in a report on Tuesday, December 3rd. KeyCorp upped their target price on Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. BTIG Research lifted their price target on Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Bank of America cut Zscaler from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $265.00 to $195.00 in a report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Eleven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.84.

Institutional Trading of Zscaler

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Zscaler by 8.6% during the second quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company’s stock valued at $149,000 after buying an additional 66 shares during the last quarter. American Trust lifted its position in Zscaler by 6.1% in the 2nd quarter. American Trust now owns 1,210 shares of the company’s stock valued at $233,000 after acquiring an additional 70 shares in the last quarter. Valley Brook Capital Group Inc. boosted its stake in Zscaler by 4.0% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock valued at $337,000 after purchasing an additional 75 shares during the last quarter. Rockline Wealth Management LLC increased its holdings in Zscaler by 5.1% during the 2nd quarter. Rockline Wealth Management LLC now owns 1,798 shares of the company’s stock worth $345,000 after purchasing an additional 88 shares in the last quarter. Finally, Cynosure Group LLC increased its holdings in Zscaler by 4.4% during the 3rd quarter. Cynosure Group LLC now owns 2,131 shares of the company’s stock worth $364,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

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.