Zscaler Inc (ZS) EVP Sells $764,838.06 in Stock

Zscaler Inc (NASDAQ:ZS) EVP Amit Sinha sold 9,942 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $76.93, for a total value of $764,838.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Amit Sinha also recently made the following trade(s):

  • On Thursday, May 16th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $78.05, for a total value of $375,186.35.
  • On Thursday, May 9th, Amit Sinha sold 4,807 shares of Zscaler stock. The stock was sold at an average price of $67.59, for a total value of $324,905.13.
  • On Thursday, May 2nd, Amit Sinha sold 82,491 shares of Zscaler stock. The stock was sold at an average price of $66.77, for a total value of $5,507,924.07.
  • On Tuesday, March 26th, Amit Sinha sold 20,000 shares of Zscaler stock. The stock was sold at an average price of $71.30, for a total value of $1,426,000.00.
  • On Friday, March 22nd, Amit Sinha sold 1,310 shares of Zscaler stock. The stock was sold at an average price of $70.32, for a total value of $92,119.20.
  • On Thursday, March 14th, Amit Sinha sold 50,000 shares of Zscaler stock. The stock was sold at an average price of $64.75, for a total value of $3,237,500.00.
  • On Friday, March 1st, Amit Sinha sold 85,579 shares of Zscaler stock. The stock was sold at an average price of $60.10, for a total value of $5,143,297.90.

NASDAQ:ZS traded up $0.31 during mid-day trading on Friday, hitting $73.76. 1,588,554 shares of the company’s stock traded hands, compared to its average volume of 2,025,019. Zscaler Inc has a 12 month low of $24.76 and a 12 month high of $80.38. The company has a market cap of $9.21 billion, a price-to-earnings ratio of -237.94 and a beta of 1.22.



Zscaler (NASDAQ:ZS) last announced its earnings results on Thursday, February 28th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.05. The firm had revenue of $74.30 million during the quarter, compared to the consensus estimate of $66.20 million. Zscaler had a negative return on equity of 8.93% and a negative net margin of 11.06%. On average, research analysts predict that Zscaler Inc will post -0.27 EPS for the current fiscal year.

ZS has been the subject of several recent analyst reports. Robert W. Baird reiterated a “buy” rating and set a $65.00 price target on shares of Zscaler in a research note on Tuesday, April 9th. ValuEngine upgraded Zscaler from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Barclays increased their target price on Zscaler from $42.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, March 1st. Bank of America set a $53.00 target price on Zscaler and gave the company a “hold” rating in a research note on Friday, March 1st. Finally, Deutsche Bank increased their target price on Zscaler from $44.00 to $57.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $59.36.

A number of institutional investors have recently bought and sold shares of the business. FMR LLC raised its holdings in Zscaler by 11.7% in the 1st quarter. FMR LLC now owns 7,160,253 shares of the company’s stock valued at $507,877,000 after acquiring an additional 750,088 shares in the last quarter. BlackRock Inc. raised its holdings in Zscaler by 0.4% in the 1st quarter. BlackRock Inc. now owns 3,698,605 shares of the company’s stock valued at $262,341,000 after acquiring an additional 13,259 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Zscaler by 16.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,649,765 shares of the company’s stock valued at $67,277,000 after acquiring an additional 231,351 shares in the last quarter. Vanguard Group Inc raised its holdings in Zscaler by 6.5% in the 3rd quarter. Vanguard Group Inc now owns 1,113,421 shares of the company’s stock valued at $45,405,000 after acquiring an additional 68,139 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Zscaler by 6.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,113,421 shares of the company’s stock valued at $45,405,000 after acquiring an additional 68,139 shares in the last quarter. 30.87% of the stock is owned by hedge funds and other institutional investors.

WARNING: “Zscaler Inc (ZS) EVP Sells $764,838.06 in Stock” was posted by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://dakotafinancialnews.com/2019/05/25/zscaler-inc-zs-evp-sells-764838-06-in-stock.html.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

See Also: Why are gap-down stocks important?

Insider Buying and Selling by Quarter for Zscaler (NASDAQ:ZS)

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.