Zscaler Inc (NASDAQ:ZS) Director Karen Blasing Sells 1,042 Shares

Zscaler Inc (NASDAQ:ZS) Director Karen Blasing sold 1,042 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $130.37, for a total value of $135,845.54. Following the sale, the director now directly owns 2,279 shares in the company, valued at $297,113.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Karen Blasing also recently made the following trade(s):

  • On Wednesday, September 2nd, Karen Blasing sold 3,000 shares of Zscaler stock. The stock was sold at an average price of $157.16, for a total value of $471,480.00.
  • On Thursday, July 2nd, Karen Blasing sold 3,000 shares of Zscaler stock. The stock was sold at an average price of $110.73, for a total value of $332,190.00.

ZS stock traded down $1.58 during mid-day trading on Wednesday, hitting $131.06. The stock had a trading volume of 2,221,249 shares, compared to its average volume of 3,082,715. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.08. Zscaler Inc has a 1-year low of $35.00 and a 1-year high of $163.80. The company has a fifty day moving average of $132.23 and a 200 day moving average of $94.94. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of -147.26 and a beta of 0.76.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Wednesday, September 9th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $125.89 million during the quarter, compared to the consensus estimate of $118.67 million. Zscaler had a negative return on equity of 27.39% and a negative net margin of 26.69%. The firm’s revenue was up 46.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 EPS. As a group, sell-side analysts expect that Zscaler Inc will post -0.87 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in shares of Zscaler by 0.4% during the 2nd quarter. Stifel Financial Corp now owns 27,394 shares of the company’s stock worth $3,000,000 after acquiring an additional 110 shares in the last quarter. Virginia Retirement Systems ET AL boosted its stake in Zscaler by 1.7% during the 1st quarter. Virginia Retirement Systems ET AL now owns 12,300 shares of the company’s stock valued at $749,000 after purchasing an additional 200 shares during the period. Utah Retirement Systems boosted its stake in Zscaler by 1.7% during the 1st quarter. Utah Retirement Systems now owns 12,300 shares of the company’s stock valued at $748,000 after purchasing an additional 200 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Zscaler by 2.4% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 9,591 shares of the company’s stock valued at $584,000 after purchasing an additional 225 shares during the period. Finally, Citizens Financial Group Inc RI bought a new stake in Zscaler during the 2nd quarter valued at approximately $25,000. Institutional investors own 42.24% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. OTR Global raised Zscaler to a “positive” rating in a research report on Friday, August 14th. Morgan Stanley upped their price target on Zscaler from $104.00 to $123.00 and gave the company an “equal weight” rating in a research report on Thursday, September 10th. Royal Bank of Canada upped their price target on Zscaler from $130.00 to $141.00 and gave the company an “outperform” rating in a research report on Tuesday, September 8th. Truist upped their price target on Zscaler from $73.00 to $100.00 in a research report on Thursday, September 10th. Finally, Barclays upped their price target on Zscaler from $89.00 to $159.00 and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. Thirteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $124.46.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

Recommended Story: What Is An Exchange-Traded Fund (ETF)?

Insider Buying and Selling by Quarter for Zscaler (NASDAQ:ZS)

Receive News & Ratings for Zscaler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zscaler and related companies with MarketBeat.com's FREE daily email newsletter.