Zscaler, Inc. (NASDAQ:ZS – Get Free Report) insider Robert Schlossman sold 5,394 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $200.00, for a total value of $1,078,800.00. Following the transaction, the insider directly owned 61,525 shares of the company’s stock, valued at $12,305,000. This represents a 8.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Robert Schlossman also recently made the following trade(s):
- On Wednesday, September 16th, Robert Schlossman sold 2,325 shares of Zscaler stock. The shares were sold at an average price of $192.76, for a total value of $448,167.00.
- On Monday, July 6th, Robert Schlossman sold 122 shares of Zscaler stock. The shares were sold at an average price of $150.00, for a total value of $18,300.00.
Zscaler Stock Up 2.0%
Shares of ZS stock opened at $214.45 on Thursday. Zscaler, Inc. has a 12 month low of $114.63 and a 12 month high of $336.99. The firm has a market cap of $34.97 billion, a PE ratio of -549.87, a price-to-earnings-growth ratio of 23.95 and a beta of 0.95. The stock has a 50 day moving average of $172.02 and a 200-day moving average of $152.96. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted its holdings in shares of Zscaler by 18.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 417 shares of the company’s stock valued at $59,000 after buying an additional 66 shares during the last quarter. Koshinski Asset Management Inc. increased its holdings in Zscaler by 2.7% during the first quarter. Koshinski Asset Management Inc. now owns 3,036 shares of the company’s stock worth $426,000 after buying an additional 79 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in Zscaler by 2.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,106 shares of the company’s stock worth $908,000 after acquiring an additional 80 shares in the last quarter. Parallel Advisors LLC raised its position in Zscaler by 12.3% during the first quarter. Parallel Advisors LLC now owns 793 shares of the company’s stock worth $111,000 after acquiring an additional 87 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in Zscaler by 1.1% in the first quarter. Kestra Private Wealth Services LLC now owns 8,707 shares of the company’s stock valued at $1,222,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on ZS. Mizuho boosted their price objective on shares of Zscaler from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Wolfe Research reiterated an “outperform” rating and issued a $150.00 target price on shares of Zscaler in a research note on Thursday, June 11th. Wells Fargo & Company boosted their price target on Zscaler from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. FBN Securities reiterated an “outperform” rating and issued a $175.00 price objective on shares of Zscaler in a research report on Wednesday, May 27th. Finally, Scotiabank reissued an “outperform” rating on shares of Zscaler in a report on Friday, September 4th. Thirty-four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and a consensus price target of $218.38.
Get Our Latest Stock Analysis on Zscaler
About Zscaler
Zscaler, Inc is a cloud-native cybersecurity company that provides security services designed to help organizations connect users, devices, applications and workloads securely over the internet. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on a traditional corporate network perimeter.
The company’s offerings include Zscaler Internet Access, which secures access to internet and software-as-a-service applications, and Zscaler Private Access, which provides secure, policy-based access to private applications without requiring conventional virtual private networks.
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