Robert Schlossman Sells 2,878 Shares of Zscaler, Inc. (NASDAQ:ZS) Stock

Zscaler, Inc. (NASDAQ:ZS) insider Robert Schlossman sold 2,878 shares of Zscaler stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $573,153.70. Following the sale, the insider now directly owns 107,587 shares in the company, valued at $21,425,951.05. The trade was a 2.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zscaler Trading Down 0.2 %

NASDAQ ZS opened at $203.55 on Friday. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $217.84. The stock’s 50 day moving average is $199.43 and its two-hundred day moving average is $191.81. The company has a market capitalization of $31.49 billion, a price-to-earnings ratio of -814.20 and a beta of 0.88.

Analyst Ratings Changes

ZS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and issued a $240.00 target price on shares of Zscaler in a report on Wednesday, March 5th. JMP Securities reaffirmed a “market outperform” rating and set a $240.00 target price (down from $270.00) on shares of Zscaler in a report on Tuesday, December 3rd. Susquehanna lifted their price target on Zscaler from $210.00 to $225.00 and gave the stock a “positive” rating in a research note on Tuesday, December 3rd. Finally, Jefferies Financial Group upped their price objective on shares of Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, Zscaler currently has an average rating of “Moderate Buy” and a consensus target price of $232.68.

Institutional Trading of Zscaler

Institutional investors have recently bought and sold shares of the stock. Corebridge Financial Inc. increased its holdings in shares of Zscaler by 0.5% during the fourth quarter. Corebridge Financial Inc. now owns 11,695 shares of the company’s stock worth $2,110,000 after buying an additional 54 shares in the last quarter. Erste Asset Management GmbH raised its position in Zscaler by 0.6% in the 4th quarter. Erste Asset Management GmbH now owns 9,780 shares of the company’s stock valued at $1,805,000 after purchasing an additional 56 shares during the last quarter. KRS Capital Management LLC grew its holdings in shares of Zscaler by 1.9% during the fourth quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock worth $588,000 after purchasing an additional 60 shares during the last quarter. Ironwood Investment Management LLC increased its stake in shares of Zscaler by 1.0% in the fourth quarter. Ironwood Investment Management LLC now owns 6,249 shares of the company’s stock valued at $1,127,000 after buying an additional 64 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Zscaler by 16.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the company’s stock valued at $88,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

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.