Jagtar Singh Chaudhry Sells 2,155 Shares of Zscaler, Inc. (NASDAQ:ZS) Stock

Zscaler, Inc. (NASDAQ:ZS) CEO Jagtar Singh Chaudhry sold 2,155 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total transaction of $429,168.25. Following the completion of the sale, the chief executive officer now directly owns 356,414 shares of the company’s stock, valued at approximately $70,979,848.10. This trade represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zscaler Trading Up 0.8 %

Shares of NASDAQ:ZS opened at $205.20 on Friday. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $217.84. The company’s 50 day moving average is $199.74 and its 200 day moving average is $191.83. The company has a market cap of $31.75 billion, a PE ratio of -820.80 and a beta of 0.88.

Hedge Funds Weigh In On Zscaler

Several hedge funds and other institutional investors have recently bought and sold shares of ZS. Global X Japan Co. Ltd. boosted its position in Zscaler by 127.4% in the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock worth $25,000 after purchasing an additional 79 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Zscaler in the 4th quarter worth approximately $27,000. Colonial Trust Co SC purchased a new stake in Zscaler in the 4th quarter worth approximately $28,000. Stonebridge Financial Group LLC purchased a new stake in Zscaler in the 4th quarter worth approximately $29,000. Finally, Elequin Capital LP purchased a new stake in Zscaler in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the subject of a number of research reports. Susquehanna upped their price objective on shares of Zscaler from $210.00 to $225.00 and gave the stock a “positive” rating in a research note on Tuesday, December 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $244.00 price objective on shares of Zscaler in a research note on Thursday, March 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $240.00 price objective (down from $270.00) on shares of Zscaler in a research note on Tuesday, December 3rd. Robert W. Baird boosted their target price on shares of Zscaler from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Finally, KeyCorp boosted their target price on shares of Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $232.68.

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.