Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha Sells 4,807 Shares

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 4,807 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $79.42, for a total transaction of $381,771.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, August 8th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $83.81, for a total transaction of $402,874.67.
  • On Thursday, August 1st, Amit Sinha sold 44,982 shares of Zscaler stock. The stock was sold at an average price of $84.96, for a total transaction of $3,821,670.72.
  • On Thursday, June 27th, Amit Sinha sold 2,000 shares of Zscaler stock. The stock was sold at an average price of $78.00, for a total transaction of $156,000.00.
  • On Thursday, June 20th, Amit Sinha sold 18,000 shares of Zscaler stock. The stock was sold at an average price of $80.78, for a total transaction of $1,454,040.00.
  • On Thursday, June 13th, Amit Sinha sold 97,339 shares of Zscaler stock. The stock was sold at an average price of $79.89, for a total transaction of $7,776,412.71.
  • On Thursday, June 6th, Amit Sinha sold 24,807 shares of Zscaler stock. The stock was sold at an average price of $72.52, for a total transaction of $1,799,003.64.
  • On Thursday, May 30th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $72.96, for a total transaction of $350,718.72.
  • On Thursday, May 23rd, Amit Sinha sold 9,942 shares of Zscaler stock. The shares were sold at an average price of $76.93, for a total transaction of $764,838.06.

NASDAQ:ZS traded up $1.73 during trading hours on Friday, reaching $80.91. The company’s stock had a trading volume of 1,577,898 shares, compared to its average volume of 2,143,152. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of -261.00 and a beta of 1.12. The firm has a 50-day simple moving average of $82.69 and a 200-day simple moving average of $69.83. Zscaler Inc has a 1 year low of $30.72 and a 1 year high of $89.54.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, May 30th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $79.10 million during the quarter, compared to analysts’ expectations of $74.92 million. Zscaler had a negative return on equity of 10.95% and a negative net margin of 11.12%. Zscaler’s revenue for the quarter was up 60.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) EPS. Research analysts expect that Zscaler Inc will post -0.17 EPS for the current year.

ZS has been the topic of several research reports. Morgan Stanley raised their price objective on shares of Zscaler from $43.00 to $52.00 and gave the company an “underweight” rating in a research report on Friday, May 31st. Robert W. Baird restated a “buy” rating and set a $80.00 price objective (up previously from $65.00) on shares of Zscaler in a research report on Friday, May 31st. Piper Jaffray Companies raised their price objective on shares of Zscaler from $65.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. UBS Group raised their price objective on shares of Zscaler from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, May 31st. Finally, Cowen initiated coverage on shares of Zscaler in a research report on Thursday, May 23rd. They set an “outperform” rating and a $85.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $74.25.

A number of large investors have recently modified their holdings of ZS. Nuveen Asset Management LLC purchased a new position in Zscaler in the 2nd quarter worth $148,614,000. FMR LLC grew its holdings in Zscaler by 11.7% in the 1st quarter. FMR LLC now owns 7,160,253 shares of the company’s stock worth $507,877,000 after acquiring an additional 750,088 shares during the last quarter. Vanguard Group Inc. grew its holdings in Zscaler by 16.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,739,352 shares of the company’s stock worth $363,224,000 after acquiring an additional 655,847 shares during the last quarter. First Trust Advisors LP grew its holdings in Zscaler by 474.2% in the 1st quarter. First Trust Advisors LP now owns 586,138 shares of the company’s stock worth $41,575,000 after acquiring an additional 484,056 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Zscaler by 61.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,084,991 shares of the company’s stock worth $76,958,000 after acquiring an additional 413,072 shares during the last quarter. Institutional investors own 34.54% 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.

Read More: Does a trade war provide a risk to the global economy?

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

Receive News & Ratings for Zscaler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zscaler and related companies with MarketBeat.com's FREE daily email newsletter.