Zscaler, Inc. (NASDAQ:ZS – Get Rating) COO Dali Rajic sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $155.80, for a total transaction of $3,895,000.00. Following the completion of the transaction, the chief operating officer now owns 231,574 shares of the company’s stock, valued at approximately $36,079,229.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

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

ZS traded down $3.91 during mid-day trading on Friday, reaching $156.93. 2,419,537 shares of the stock were exchanged, 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. The stock has a market capitalization of $22.14 billion, a PE ratio of -58.78 and a beta of 1.12. The company has a 50 day moving average price of $190.96 and a two-hundred day moving average price of $244.59. Zscaler, Inc. has a 1 year low of $125.12 and a 1 year high of $376.11.

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

Several research analysts have issued reports on the stock. JMP Securities assumed coverage on shares of Zscaler in a report on Tuesday, February 22nd. They set a “market perform” rating and a $350.00 price target for the company. Daiwa Capital Markets upgraded shares of Zscaler from an “underperform” rating to a “buy” rating and raised their price target for the stock from $286.00 to $296.00 in a report on Tuesday, March 1st. Royal Bank of Canada lowered their price target on shares of Zscaler from $330.00 to $200.00 in a report on Monday, May 23rd. Stifel Nicolaus reduced their price objective on shares of Zscaler from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, March 21st. Finally, Canaccord Genuity Group reduced their price objective on shares of Zscaler from $320.00 to $210.00 in a research report on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, Zscaler presently has a consensus rating of “Buy” and an average target price of $245.75.

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of Zscaler by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 119,445 shares of the company’s stock worth $38,382,000 after purchasing an additional 900 shares during the period. Westpac Banking Corp raised its stake in shares of Zscaler by 1.3% during the 4th quarter. Westpac Banking Corp now owns 5,899 shares of the company’s stock worth $1,896,000 after purchasing an additional 73 shares during the period. abrdn plc raised its stake in shares of Zscaler by 5.2% during the 4th quarter. abrdn plc now owns 6,592 shares of the company’s stock worth $2,118,000 after purchasing an additional 328 shares during the period. Corient Capital Partners LLC bought a new stake in shares of Zscaler during the 3rd quarter worth $244,000. Finally, Archford Capital Strategies LLC raised its stake in shares of Zscaler by 3.5% during the 4th quarter. Archford Capital Strategies LLC now owns 3,949 shares of the company’s stock worth $1,269,000 after purchasing an additional 133 shares during the period. 43.41% of the stock is currently owned by hedge funds and other institutional investors.

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.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Zscaler right now?

Before you consider Zscaler, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Zscaler wasn’t on the list.

While Zscaler currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here