Jagtar Singh Chaudhry Sells 81,890 Shares of Zscaler, Inc. (NASDAQ:ZS) Stock

Zscaler, Inc. (NASDAQ:ZSGet Rating) CEO Jagtar Singh Chaudhry sold 81,890 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $167.97, for a total transaction of $13,755,063.30. Following the sale, the chief executive officer now directly owns 281,107 shares of the company’s stock, valued at approximately $47,217,542.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Zscaler Stock Down 3.7 %

Zscaler stock opened at $169.49 on Friday. Zscaler, Inc. has a twelve month low of $125.12 and a twelve month high of $376.11. The firm has a 50 day moving average price of $162.68 and a 200-day moving average price of $178.10. The company has a market capitalization of $24.04 billion, a P/E ratio of -61.19 and a beta of 1.02. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.80.

Zscaler (NASDAQ:ZSGet Rating) last released its earnings results on Thursday, September 8th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $318.06 million during the quarter, compared to the consensus estimate of $305.54 million. Zscaler had a negative net margin of 35.77% and a negative return on equity of 56.62%. The company’s revenue was up 61.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.48) EPS. As a group, equities analysts predict that Zscaler, Inc. will post -2.15 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Arlington Partners LLC boosted its holdings in Zscaler by 122.4% in the 1st quarter. Arlington Partners LLC now owns 109 shares of the company’s stock worth $26,000 after buying an additional 60 shares during the period. San Luis Wealth Advisors LLC bought a new position in Zscaler in the 1st quarter valued at $30,000. Meeder Asset Management Inc. bought a new position in Zscaler in the 1st quarter valued at $30,000. AdvisorNet Financial Inc boosted its holdings in Zscaler by 362.1% in the 1st quarter. AdvisorNet Financial Inc now owns 134 shares of the company’s stock valued at $32,000 after purchasing an additional 105 shares during the period. Finally, AlphaCentric Advisors LLC bought a new position in Zscaler in the 4th quarter valued at $33,000. 45.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Needham & Company LLC raised their price objective on shares of Zscaler from $185.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, September 9th. Barclays raised their price objective on shares of Zscaler from $168.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, September 9th. Royal Bank of Canada lifted their price target on shares of Zscaler from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, September 9th. MKM Partners began coverage on shares of Zscaler in a report on Thursday. They set a “buy” rating and a $225.00 price objective on the stock. Finally, Canaccord Genuity Group lifted their price objective on shares of Zscaler from $210.00 to $220.00 and gave the company a “buy” rating in a report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $234.06.

About Zscaler

(Get Rating)

Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device 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.

Further Reading

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.