Zscaler, Inc. (NASDAQ:ZS) CFO Remo Canessa Sells 8,455 Shares

Zscaler, Inc. (NASDAQ:ZS) CFO Remo Canessa sold 8,455 shares of Zscaler stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $1,448,172.40. Following the completion of the transaction, the chief financial officer now directly owns 231,793 shares of the company’s stock, valued at $39,701,505.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Remo Canessa also recently made the following trade(s):

• On Thursday, June 20th, Remo Canessa sold 7,981 shares of Zscaler stock. The stock was sold at an average price of $177.21, for a total transaction of $1,414,313.01.

Zscaler Trading Up 2.4 %

NASDAQ ZS opened at $172.58 on Friday. Zscaler, Inc. has a 1 year low of $146.59 and a 1 year high of $259.61. The company has a market cap of $26.32 billion, a PE ratio of -338.39 and a beta of 0.82. The stock’s 50-day moving average price is $182.33 and its two-hundred day moving average price is $183.49.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The firm had revenue of $592.90 million for the quarter, compared to the consensus estimate of $567.46 million. During the same period in the previous year, the firm posted ($0.17) earnings per share. The firm’s revenue was up 30.3% on a year-over-year basis. Research analysts forecast that Zscaler, Inc. will post -0.92 EPS for the current fiscal year.

Institutional Trading of Zscaler

Large investors have recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new stake in shares of Zscaler in the 2nd quarter valued at $28,000. Jones Financial Companies Lllp bought a new position in shares of Zscaler in the 4th quarter valued at approximately $29,000. Quadrant Capital Group LLC lifted its holdings in Zscaler by 66.7% in the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after purchasing an additional 70 shares during the last quarter. Asset Dedication LLC lifted its holdings in Zscaler by 436.8% in the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company’s stock worth $39,000 after purchasing an additional 166 shares during the last quarter. Finally, American Capital Advisory LLC acquired a new position in Zscaler during the second quarter valued at approximately $50,000. 46.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ZS has been the topic of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $230.00 price target on shares of Zscaler in a research report on Wednesday, September 4th. JPMorgan Chase & Co. dropped their target price on Zscaler from $230.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 4th. Oppenheimer reduced their price target on shares of Zscaler from $260.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Raymond James assumed coverage on shares of Zscaler in a report on Tuesday, July 23rd. They issued a “market perform” rating on the stock. Finally, Canaccord Genuity Group reduced their target price on shares of Zscaler from $260.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, June 4th. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $218.39.

Zscaler Company Profile

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.