Zscaler Target of Unusually Large Options Trading (NASDAQ:ZS)

Zscaler, Inc. (NASDAQ:ZS) was the target of unusually large options trading on Thursday. Stock investors acquired 34,129 call options on the company. This is an increase of approximately 62% compared to the average daily volume of 21,048 call options.

Insiders Place Their Bets

In other news, CFO Remo Canessa sold 7,981 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $177.21, for a total value of $1,414,313.01. Following the transaction, the chief financial officer now directly owns 243,486 shares in the company, valued at approximately $43,148,154.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 19.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. acquired a new stake in Zscaler in the 3rd quarter valued at about $448,000. LPL Financial LLC increased its stake in Zscaler by 10.2% during the third quarter. LPL Financial LLC now owns 44,546 shares of the company’s stock worth $6,931,000 after purchasing an additional 4,121 shares during the period. Mariner LLC lifted its holdings in Zscaler by 10.4% during the 3rd quarter. Mariner LLC now owns 8,441 shares of the company’s stock worth $1,313,000 after buying an additional 797 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Zscaler by 5.3% in the 3rd quarter. Stifel Financial Corp now owns 57,888 shares of the company’s stock valued at $9,007,000 after buying an additional 2,927 shares during the period. Finally, Northern Trust Corp grew its holdings in Zscaler by 5.6% during the 3rd quarter. Northern Trust Corp now owns 556,446 shares of the company’s stock worth $86,577,000 after acquiring an additional 29,405 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Price Performance

NASDAQ:ZS opened at $189.20 on Friday. The firm’s fifty day moving average is $176.43 and its two-hundred day moving average is $202.86. The firm has a market cap of $28.60 billion, a price-to-earnings ratio of -370.98 and a beta of 0.85. Zscaler has a one year low of $131.59 and a one year high of $259.61. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.75 and a current ratio of 1.75.

Zscaler (NASDAQ:ZS) last posted its earnings results on Thursday, May 30th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.39. Zscaler had a negative net margin of 3.62% and a negative return on equity of 5.84%. The firm had revenue of $553.20 million during the quarter, compared to analyst estimates of $535.55 million. Research analysts expect that Zscaler will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

ZS has been the topic of several analyst reports. Morgan Stanley lowered their target price on Zscaler from $214.00 to $202.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Zscaler in a research report on Friday, June 21st. Robert W. Baird cut their target price on Zscaler from $265.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. Mizuho reduced their price target on shares of Zscaler from $240.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Finally, The Goldman Sachs Group lifted their target price on Zscaler from $189.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Six investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $225.21.

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.