Andrew William Fraser Brown Sells 8,000 Shares of Zscaler, Inc. (NASDAQ:ZS) Stock

Zscaler, Inc. (NASDAQ:ZS) Director Andrew William Fraser Brown sold 8,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $174.10, for a total value of $1,392,800.00. Following the transaction, the director now directly owns 25,907 shares in the company, valued at approximately $4,510,408.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Zscaler Trading Down 1.4 %

NASDAQ ZS opened at $171.75 on Thursday. Zscaler, Inc. has a 1-year low of $146.59 and a 1-year high of $259.61. The company has a 50 day moving average of $179.65 and a 200-day moving average of $182.39. The firm has a market cap of $26.19 billion, a price-to-earnings ratio of -336.76 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.18. The firm had revenue of $592.90 million during the quarter, compared to the consensus estimate of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) EPS. On average, analysts forecast that Zscaler, Inc. will post -0.92 earnings per share for the current year.

Institutional Investors Weigh In On Zscaler

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in Zscaler by 0.3% in the fourth quarter. US Bancorp DE now owns 22,944 shares of the company’s stock valued at $5,083,000 after acquiring an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Zscaler by 8.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company’s stock worth $149,000 after buying an additional 66 shares during the period. Kovack Advisors Inc. raised its stake in shares of Zscaler by 3.4% during the first quarter. Kovack Advisors Inc. now owns 2,042 shares of the company’s stock worth $393,000 after buying an additional 67 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Zscaler by 21.3% in the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $73,000 after buying an additional 67 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in Zscaler by 66.7% in the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Oppenheimer lowered their price target on Zscaler from $260.00 to $230.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $230.00 target price on shares of Zscaler in a report on Wednesday, September 4th. Stifel Nicolaus restated a “buy” rating and set a $220.00 price target on shares of Zscaler in a report on Wednesday, September 4th. UBS Group dropped their price objective on Zscaler from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $190.00 target price on shares of Zscaler in a research note on Wednesday, September 4th. Nine analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.39.

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.