Zscaler, Inc. (NASDAQ:ZS) CFO Remo Canessa Sells 3,703 Shares

Zscaler, Inc. (NASDAQ:ZS - Get Free Report) CFO Remo Canessa sold 3,703 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the completion of the transaction, the chief financial officer now owns 220,635 shares in the company, valued at approximately $44,197,603.20. This trade represents a 1.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Zscaler Trading Down 1.3 %

ZS traded down $2.48 on Thursday, reaching $183.21. The company had a trading volume of 2,546,252 shares, compared to its average volume of 2,060,923. The company has a market capitalization of $28.11 billion, a P/E ratio of -732.84 and a beta of 0.82. The company has a fifty day moving average of $197.97 and a 200-day moving average of $187.58. Zscaler, Inc. has a one year low of $153.45 and a one year high of $259.61.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.14. The business had revenue of $628.00 million during the quarter, compared to analysts' expectations of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business's revenue was up 26.4% on a year-over-year basis. During the same period last year, the firm posted ($0.18) earnings per share. Research analysts predict that Zscaler, Inc. will post -0.24 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its stake in Zscaler by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 11,900 shares of the company's stock valued at $2,287,000 after purchasing an additional 300 shares during the last quarter. Zweig DiMenna Associates LLC raised its position in shares of Zscaler by 18.0% during the second quarter. Zweig DiMenna Associates LLC now owns 44,691 shares of the company's stock worth $8,589,000 after purchasing an additional 6,813 shares during the period. TrueWealth Advisors LLC purchased a new stake in shares of Zscaler during the second quarter valued at $312,000. First National Bank of Hutchinson acquired a new position in shares of Zscaler in the 2nd quarter valued at $651,000. Finally, Clear Creek Financial Management LLC purchased a new position in Zscaler in the 2nd quarter worth about $395,000. Institutional investors own 46.45% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ZS shares. Rosenblatt Securities restated a "neutral" rating and set a $190.00 price objective on shares of Zscaler in a report on Wednesday, September 4th. BMO Capital Markets upped their price target on shares of Zscaler from $197.00 to $222.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. Stifel Nicolaus raised their price objective on shares of Zscaler from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Zscaler from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Finally, KeyCorp lifted their price target on Zscaler from $245.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Zscaler has a consensus rating of "Moderate Buy" and an average target price of $224.84.

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.

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