17 hours Ago By ABMN Staff
Zscaler, Inc. ( NASDAQ:ZS – Get Free Report ) insider Michael J. Rich sold 4,813 shares of Zscaler stock in a transaction on Tuesday, September 17th.
The shares were sold at an average price of $171.28, for a total transaction of $824,370.64.
Following the completion of the sale, the insider now directly owns 103,259 shares of the company’s stock, valued at approximately $17,686,201.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website .
Zscaler Stock Performance Zscaler stock traded down $1.80 during midday trading on Wednesday, hitting $168.52.
1,472,951 shares of the company’s stock were exchanged, compared to its average volume of 2,156,157. The stock has a 50-day moving average price of $182.91 and a two-hundred day moving average price of $183.
60. Zscaler, Inc. has a 52-week low of $146.
59 and a 52-week high of $259.61. The company has a market cap of $25.
70 billion, a P/E ratio of -331.96 and a beta of 0.82.
Zscaler ( NASDAQ:ZS – Get Free Report ) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $592.
90 million for the quarter, compared to analysts’ expectations of $567.46 million. During the same period in the prior year, the business earned ($0.
17) earnings per share. Zscaler’s revenue for the quarter was up 30.3% compared to the same quarter last year.
As a group, sell-side analysts expect that Zscaler, Inc. will post -0.92 earnings per share for the current year.
Institutional Trading of Zscaler Analyst Ratings Changes A number of equities research analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Zscaler from $270.00 to $240.
00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Canaccord Genuity Group decreased their price target on Zscaler from $260.00 to $220.
00 and set a “buy” rating for the company in a report on Tuesday, June 4th. UBS Group reduced their target price on shares of Zscaler from $270.00 to $250.
00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Morgan Stanley raised their price target on shares of Zscaler from $202.00 to $215.
00 and gave the company an “equal weight” rating in a research report on Monday, August 26th. Finally, Scotiabank decreased their price objective on shares of Zscaler from $210.00 to $195.
00 and set a “sector outperform” rating for the company in a research note on Wednesday, September 4th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and an average price target of $218.
39. Check Out Our Latest Research Report on Zscaler About Zscaler ( Get Free Report ) 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.
Featured Stories Receive News & Ratings for Zscaler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zscaler and related companies with MarketBeat.com's FREE daily email newsletter ..
