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Zscaler, Inc. (NASDAQ:ZS – Get Rating) CEO Jagtar Singh Chaudhry sold 1,262 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $114.14, for a total transaction of $144,044.68. Following the completion of the transaction, the chief executive officer now directly owns 323,549 shares in the company, valued at $36,929,882.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Zscaler Stock Performance
ZS traded down $1.94 during trading on Monday, reaching $112.27. The company’s stock had a trading volume of 2,201,826 shares, compared to its average volume of 2,552,626. Zscaler, Inc. has a 52-week low of $110.46 and a 52-week high of $332.50. The company’s fifty day moving average price is $136.48 and its 200-day moving average price is $152.86. The company has a market capitalization of $16.19 billion, a price-to-earnings ratio of -43.93 and a beta of 0.82. The company has a debt-to-equity ratio of 2.64, a quick ratio of 2.01 and a current ratio of 2.01.
Institutional Investors Weigh In On Zscaler
A number of institutional investors have recently added to or reduced their stakes in the business. First Personal Financial Services acquired a new stake in shares of Zscaler during the 3rd quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Zscaler during the 1st quarter valued at approximately $30,000. Riverview Trust Co lifted its position in shares of Zscaler by 221.1% during the 2nd quarter. Riverview Trust Co now owns 244 shares of the company’s stock valued at $36,000 after acquiring an additional 168 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Zscaler during the 2nd quarter valued at approximately $37,000. Finally, Ellevest Inc. acquired a new position in shares of Zscaler during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 45.51% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of Zscaler from $210.00 to $220.00 in a research report on Friday, September 9th. Jefferies Financial Group started coverage on shares of Zscaler in a research report on Thursday, September 15th. They set a “hold” rating and a $200.00 price target for the company. Morgan Stanley lowered their price objective on shares of Zscaler from $180.00 to $162.00 and set an “overweight” rating for the company in a research note on Friday, December 2nd. Wedbush lowered their price objective on shares of Zscaler from $200.00 to $180.00 and set an “outperform” rating for the company in a research note on Friday, December 2nd. Finally, Royal Bank of Canada lowered their price objective on shares of Zscaler from $185.00 to $155.00 and set an “outperform” rating for the company in a research note on Monday, November 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $205.97.
Zscaler Company Profile
(Get Rating)
Zscaler, Inc operates as a cloud security company worldwide. It 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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