Insider Selling: Zscaler Inc (NASDAQ:ZS) EVP Sells 44,982 Shares of Stock

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 44,982 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $84.96, for a total value of $3,821,670.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Thursday, August 22nd, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $72.24, for a total value of $347,257.68.
  • On Thursday, August 15th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $79.42, for a total value of $381,771.94.
  • On Thursday, August 8th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $83.81, for a total value of $402,874.67.
  • 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 value of $156,000.00.
  • On Thursday, June 20th, Amit Sinha sold 18,000 shares of Zscaler stock. The shares were sold at an average price of $80.78, for a total value of $1,454,040.00.
  • On Thursday, June 13th, Amit Sinha sold 97,339 shares of Zscaler stock. The shares were sold at an average price of $79.89, for a total value 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 value of $1,799,003.64.
  • On Thursday, May 30th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $72.96, for a total value 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 value of $764,838.06.
  • On Thursday, May 16th, Amit Sinha sold 4,807 shares of Zscaler stock. The shares were sold at an average price of $78.05, for a total value of $375,186.35.

Shares of NASDAQ ZS traded down $1.26 during midday trading on Friday, reaching $71.28. The company had a trading volume of 1,726,101 shares, compared to its average volume of 2,315,609. The firm’s fifty day moving average price is $82.28 and its 200-day moving average price is $70.48. The stock has a market cap of $9.12 billion, a PE ratio of -229.94 and a beta of 1.12. Zscaler Inc has a one year low of $30.72 and a one year high of $89.54.

Zscaler (NASDAQ:ZS) last released its quarterly 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 for the quarter, compared to the consensus estimate of $74.92 million. Zscaler had a negative net margin of 11.12% and a negative return on equity of 10.95%. The company’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) EPS. As a group, research analysts anticipate that Zscaler Inc will post -0.17 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tortoise Index Solutions LLC bought a new position in shares of Zscaler in the 1st quarter worth approximately $25,000. CSat Investment Advisory L.P. bought a new position in shares of Zscaler in the 2nd quarter worth approximately $25,000. FTB Advisors Inc. bought a new position in shares of Zscaler in the 1st quarter worth approximately $26,000. Nisa Investment Advisors LLC bought a new position in shares of Zscaler in the 1st quarter worth approximately $28,000. Finally, Meadow Creek Investment Management LLC bought a new position in shares of Zscaler in the 2nd quarter worth approximately $32,000. 33.59% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on ZS. OTR Global lowered Zscaler from a “mixed” rating to a “negative” rating in a research note on Monday, August 19th. Zacks Investment Research cut Zscaler from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. ValuEngine cut Zscaler from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. UBS Group upped their price objective on Zscaler from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Finally, Needham & Company LLC reiterated a “strong-buy” rating and issued a $89.00 price objective (up from $65.00) on shares of Zscaler in a report on Friday, May 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $74.25.

About Zscaler

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: Oversold

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

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