Zscaler, Inc. (NASDAQ:ZS – Get Free Report) insider Adam Geller sold 2,060 shares of Zscaler stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $475,489.20. Following the sale, the insider directly owned 52,148 shares of the company’s stock, valued at $12,036,801.36. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Adam Geller also recently made the following trade(s):
- On Wednesday, December 17th, Adam Geller sold 1,620 shares of Zscaler stock. The stock was sold at an average price of $232.79, for a total value of $377,119.80.
Zscaler Price Performance
Shares of ZS traded down $6.35 during midday trading on Wednesday, reaching $226.43. The stock had a trading volume of 1,723,437 shares, compared to its average volume of 2,011,386. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $36.11 billion, a price-to-earnings ratio of -870.85 and a beta of 1.07. The company’s 50-day moving average is $290.17 and its 200 day moving average is $290.51. Zscaler, Inc. has a 12-month low of $164.78 and a 12-month high of $336.99.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC boosted its stake in shares of Zscaler by 65.4% during the 3rd quarter. FNY Investment Advisers LLC now owns 5,497 shares of the company’s stock valued at $1,647,000 after purchasing an additional 2,173 shares in the last quarter. IFP Advisors Inc lifted its holdings in Zscaler by 4.5% in the third quarter. IFP Advisors Inc now owns 1,670 shares of the company’s stock worth $500,000 after buying an additional 72 shares during the period. Swiss Life Asset Management Ltd boosted its position in Zscaler by 13.9% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 17,812 shares of the company’s stock valued at $5,338,000 after acquiring an additional 2,174 shares in the last quarter. Groupama Asset Managment grew its holdings in shares of Zscaler by 76,352.6% during the 3rd quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock worth $1,423,385,000 after acquiring an additional 4,743,787 shares during the period. Finally, Investment Research Partners LLC bought a new position in shares of Zscaler in the 3rd quarter worth approximately $279,000. 46.45% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
ZS has been the topic of several analyst reports. Citizens Jmp reiterated a “market outperform” rating and issued a $355.00 price objective on shares of Zscaler in a report on Wednesday, November 26th. Sanford C. Bernstein cut Zscaler from an “outperform” rating to a “hold” rating in a research note on Monday, December 1st. JPMorgan Chase & Co. boosted their price objective on Zscaler from $351.00 to $354.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Needham & Company LLC dropped their price target on shares of Zscaler from $350.00 to $310.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Finally, Guggenheim reissued a “neutral” rating on shares of Zscaler in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and a consensus target price of $323.45.
Get Our Latest Stock Analysis on Zscaler
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.
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