Zscaler, Inc. (NASDAQ:ZS – Get Free Report) CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the transaction, the chief financial officer now owns 220,635 shares in the company, valued at approximately $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Zscaler Stock Down 1.3 %
Zscaler stock traded down $2.48 on Thursday, hitting $183.21. The company’s stock had a trading volume of 2,546,252 shares, compared to its average volume of 2,060,923. The company has a fifty day moving average price of $197.97 and a 200-day moving average price of $187.58. The firm has a market cap of $28.11 billion, a P/E ratio of -732.84 and a beta of 0.82. Zscaler, Inc. has a one year low of $153.45 and a one year high of $259.61.
Zscaler (NASDAQ:ZS – Get Free Report) last posted its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. The firm had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.18) earnings per share. Analysts anticipate that Zscaler, Inc. will post -0.24 EPS for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Report on Zscaler
Institutional Trading of Zscaler
Institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its stake in Zscaler by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 11,900 shares of the company’s stock worth $2,287,000 after acquiring an additional 300 shares in the last quarter. Zweig DiMenna Associates LLC grew its holdings in shares of Zscaler by 18.0% in the 2nd quarter. Zweig DiMenna Associates LLC now owns 44,691 shares of the company’s stock worth $8,589,000 after purchasing an additional 6,813 shares during the last quarter. TrueWealth Advisors LLC acquired a new stake in shares of Zscaler during the 2nd quarter worth about $312,000. First National Bank of Hutchinson bought a new position in Zscaler during the 2nd quarter valued at about $651,000. Finally, Clear Creek Financial Management LLC acquired a new position in Zscaler in the second quarter valued at about $395,000. Institutional investors and hedge funds own 46.45% of the company’s stock.
Zscaler Company Profile
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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