Zscaler Inc (NASDAQ:ZS) insider Robert Schlossman sold 1,213 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $77.80, for a total value of $94,371.40. The transaction was disclosed in a filing with the SEC, which is available at this link.
Robert Schlossman also recently made the following trade(s):
- On Wednesday, May 1st, Robert Schlossman sold 55,000 shares of Zscaler stock. The shares were sold at an average price of $66.86, for a total value of $3,677,300.00.
Shares of Zscaler stock traded up $1.88 during trading on Wednesday, hitting $79.88. 2,393,852 shares of the stock traded hands, compared to its average volume of 2,161,438. The firm has a market cap of $10.04 billion, a P/E ratio of -257.68 and a beta of 1.19. Zscaler Inc has a 52-week low of $30.72 and a 52-week high of $80.38.
A number of analysts have weighed in on ZS shares. Zacks Investment Research upgraded Zscaler from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Saturday, June 8th. Credit Suisse Group reiterated an “outperform” rating and issued a $75.00 target price (up previously from $55.00) on shares of Zscaler in a research note on Tuesday, April 9th. Bank of America reiterated a “neutral” rating and issued a $74.00 target price (up previously from $62.00) on shares of Zscaler in a research note on Tuesday, April 2nd. UBS Group increased their target price on Zscaler from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 31st. Finally, Needham & Company LLC reiterated a “strong-buy” rating and issued a $89.00 target price (up previously from $65.00) on shares of Zscaler in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $72.00.
Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP boosted its position in shares of Zscaler by 474.2% in the 1st quarter. First Trust Advisors LP now owns 586,138 shares of the company’s stock valued at $41,575,000 after purchasing an additional 484,056 shares during the period. B. Riley Wealth Management Inc. acquired a new position in shares of Zscaler during the first quarter worth approximately $457,000. Spark Investment Management LLC boosted its position in shares of Zscaler by 264.1% during the first quarter. Spark Investment Management LLC now owns 306,200 shares of the company’s stock worth $21,718,000 after buying an additional 222,100 shares during the period. Tocqueville Asset Management L.P. boosted its position in shares of Zscaler by 22.9% during the fourth quarter. Tocqueville Asset Management L.P. now owns 17,350 shares of the company’s stock worth $680,000 after buying an additional 3,230 shares during the period. Finally, Strs Ohio boosted its position in shares of Zscaler by 629.4% during the first quarter. Strs Ohio now owns 24,800 shares of the company’s stock worth $1,759,000 after buying an additional 21,400 shares during the period. Hedge funds and other institutional investors own 33.94% of the company’s stock.
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.
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