Zscaler, Inc. (NASDAQ:ZS – Get Rating) COO Dali Rajic sold 25,000 shares of the business’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $155.80, for a total value of $3,895,000.00. Following the completion of the sale, the chief operating officer now owns 231,574 shares in the company, valued at $36,079,229.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dali Rajic also recently made the following trade(s):

• On Wednesday, March 16th, Dali Rajic sold 12,568 shares of Zscaler stock. The shares were sold at an average price of $203.09, for a total value of $2,552,435.12.

ZS traded down $3.91 during midday trading on Friday, hitting $156.93. The stock had a trading volume of 2,419,537 shares, compared to its average volume of 2,760,671. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.38 and a current ratio of 2.38. Zscaler, Inc. has a 1 year low of $125.12 and a 1 year high of $376.11. The business has a fifty day moving average of $190.96 and a 200 day moving average of $244.59. The company has a market cap of $22.14 billion, a P/E ratio of -58.78 and a beta of 1.12.

Zscaler (NASDAQ:ZS – Get Rating) last announced its quarterly earnings data on Thursday, May 26th. The company reported ($0.61) earnings per share for the quarter, beating the consensus estimate of ($0.63) by $0.02. Zscaler had a negative return on equity of 58.33% and a negative net margin of 38.52%. The firm had revenue of $286.81 million during the quarter, compared to the consensus estimate of $271.47 million. During the same quarter in the previous year, the company posted ($0.30) earnings per share. The business’s revenue was up 62.6% on a year-over-year basis. On average, equities research analysts anticipate that Zscaler, Inc. will post -2.34 earnings per share for the current year.

A number of research analysts have weighed in on ZS shares. Stifel Nicolaus reduced their target price on Zscaler from $310.00 to $300.00 and set a “buy” rating for the company in a report on Monday, March 21st. Wolfe Research reduced their target price on Zscaler from $340.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, February 25th. Stephens started coverage on Zscaler in a report on Wednesday, May 25th. They set an “overweight” rating and a $200.00 target price for the company. Loop Capital reduced their target price on Zscaler from $360.00 to $245.00 in a report on Friday, February 25th. Finally, Royal Bank of Canada reduced their target price on Zscaler from $330.00 to $200.00 in a report on Monday, May 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, Zscaler currently has an average rating of “Buy” and a consensus target price of $245.75.

A number of hedge funds have recently made changes to their positions in ZS. Vanguard Group Inc. raised its holdings in shares of Zscaler by 0.9% during the first quarter. Vanguard Group Inc. now owns 7,611,843 shares of the company’s stock valued at $1,836,586,000 after acquiring an additional 68,301 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Zscaler by 40.4% during the first quarter. Capital Research Global Investors now owns 4,377,330 shares of the company’s stock valued at $1,056,162,000 after acquiring an additional 1,259,876 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Zscaler by 75.2% during the first quarter. First Trust Advisors LP now owns 2,265,816 shares of the company’s stock valued at $546,696,000 after acquiring an additional 972,637 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Zscaler by 3.3% during the fourth quarter. Nuveen Asset Management LLC now owns 1,220,097 shares of the company’s stock valued at $392,054,000 after acquiring an additional 38,586 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Zscaler by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 1,074,070 shares of the company’s stock valued at $344,632,000 after acquiring an additional 61,346 shares in the last quarter. Hedge funds and other institutional investors own 43.41% of the company’s stock.

About Zscaler (Get Rating)

Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device 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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