Zscaler, Inc. (NASDAQ:ZS) Insider Robert Schlossman Sells 2,878 Shares

Zscaler, Inc. (NASDAQ:ZS - Get Free Report) insider Robert Schlossman sold 2,878 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $573,153.70. Following the sale, the insider now directly owns 107,587 shares in the company, valued at approximately $21,425,951.05. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Zscaler Stock Performance

Shares of ZS stock traded up $4.67 on Monday, reaching $209.87. 1,573,124 shares of the company's stock traded hands, compared to its average volume of 1,861,798. The company has a market capitalization of $32.47 billion, a P/E ratio of -839.48 and a beta of 0.88. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $217.84. The business's 50 day moving average price is $199.74 and its two-hundred day moving average price is $192.08.

Hedge Funds Weigh In On Zscaler

Several institutional investors and hedge funds have recently bought and sold shares of ZS. Corebridge Financial Inc. lifted its position in shares of Zscaler by 0.5% in the fourth quarter. Corebridge Financial Inc. now owns 11,695 shares of the company's stock worth $2,110,000 after purchasing an additional 54 shares in the last quarter. Erste Asset Management GmbH lifted its position in Zscaler by 0.6% in the 4th quarter. Erste Asset Management GmbH now owns 9,780 shares of the company's stock worth $1,805,000 after buying an additional 56 shares in the last quarter. KRS Capital Management LLC boosted its stake in shares of Zscaler by 1.9% during the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company's stock valued at $588,000 after buying an additional 60 shares during the period. Ironwood Investment Management LLC grew its holdings in shares of Zscaler by 1.0% during the 4th quarter. Ironwood Investment Management LLC now owns 6,249 shares of the company's stock valued at $1,127,000 after acquiring an additional 64 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Zscaler by 16.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the company's stock worth $88,000 after acquiring an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on ZS shares. The Goldman Sachs Group set a $207.00 target price on Zscaler and gave the company a "neutral" rating in a report on Thursday, March 6th. Wedbush upped their price target on shares of Zscaler from $230.00 to $240.00 and gave the stock an "outperform" rating in a research report on Thursday, March 6th. Piper Sandler upped their target price on shares of Zscaler from $215.00 to $235.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Mizuho increased their price objective on Zscaler from $210.00 to $225.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Citigroup reiterated a "buy" rating and set a $240.00 price target (up previously from $235.00) on shares of Zscaler in a research report on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $232.68.

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.