Zscaler, Inc. (NASDAQ:ZS – Get Free Report) insider Robert Schlossman sold 4,947 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $170.22, for a total transaction of $842,078.34. Following the completion of the transaction, the insider now directly owns 107,241 shares of the company’s stock, valued at $18,254,563.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Zscaler Trading Down 2.3 %
NASDAQ ZS traded down $3.95 on Tuesday, hitting $166.99. 1,391,723 shares of the company’s stock were exchanged, compared to its average volume of 2,118,645. Zscaler, Inc. has a 52 week low of $149.63 and a 52 week high of $259.61. The stock has a 50-day moving average of $178.09 and a 200-day moving average of $181.46. The stock has a market cap of $25.24 billion, a price-to-earnings ratio of -327.43 and a beta of 0.82.
Zscaler (NASDAQ:ZS – Get Free Report) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.09. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The business had revenue of $592.90 million during the quarter, compared to the consensus estimate of $567.46 million. During the same period in the prior year, the company earned ($0.17) EPS. Zscaler’s revenue for the quarter was up 30.3% on a year-over-year basis. As a group, analysts predict that Zscaler, Inc. will post -0.95 earnings per share for the current year.
Analysts Set New Price Targets
View Our Latest Report on Zscaler
Institutional Investors Weigh In On Zscaler
Hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp acquired a new stake in shares of Zscaler in the fourth quarter valued at about $29,000. Quest Partners LLC bought a new position in Zscaler during the second quarter worth $28,000. Asset Dedication LLC lifted its stake in shares of Zscaler by 436.8% in the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after purchasing an additional 166 shares during the period. American Capital Advisory LLC acquired a new position in Zscaler in the second quarter valued at approximately $50,000. Finally, GAMMA Investing LLC boosted its stake in Zscaler by 103.2% during the first quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock worth $61,000 after acquiring an additional 160 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.
About Zscaler
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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