Zscaler Sees Unusually High Options Volume (NASDAQ:ZS)

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Zscaler, Inc. (NASDAQ:ZSGet Rating) saw unusually large options trading activity on Tuesday. Traders bought 32,377 call options on the stock. This is an increase of 164% compared to the average daily volume of 12,254 call options.

Insiders Place Their Bets

In other news, insider Robert Schlossman sold 239 shares of the business’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $150.00, for a total value of $35,850.00. Following the completion of the sale, the insider now directly owns 112,622 shares in the company, valued at $16,893,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, President Amit Sinha sold 9,975 shares of the business’s stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $136.67, for a total value of $1,363,283.25. Following the completion of the sale, the president now directly owns 266,124 shares in the company, valued at $36,371,167.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Schlossman sold 239 shares of the business’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $150.00, for a total transaction of $35,850.00. Following the completion of the sale, the insider now owns 112,622 shares of the company’s stock, valued at $16,893,300. The disclosure for this sale can be found here. Insiders sold 49,710 shares of company stock valued at $7,275,302 over the last ninety days. Corporate insiders own 20.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its stake in Zscaler by 1.4% in the 1st quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the company’s stock valued at $1,663,000 after purchasing an additional 100 shares during the period. Bailard Inc. purchased a new position in shares of Zscaler during the 1st quarter valued at about $1,401,000. Dimensional Fund Advisors LP grew its position in 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 acquiring an additional 900 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Zscaler by 3.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,412 shares of the company’s stock worth $3,477,000 after acquiring an additional 525 shares during the last quarter. Finally, Westpac Banking Corp grew its position in shares of Zscaler by 1.3% in the 4th quarter. Westpac Banking Corp now owns 5,899 shares of the company’s stock worth $1,896,000 after buying an additional 73 shares during the last quarter. Institutional investors own 43.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ZS. BMO Capital Markets cut their target price on shares of Zscaler from $270.00 to $172.00 in a research note on Friday, May 27th. BTIG Research cut shares of Zscaler from a “buy” rating to a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group dropped their price objective on shares of Zscaler from $326.00 to $281.00 and set a “neutral” rating for the company in a research note on Tuesday, April 12th. Wedbush lowered their target price on shares of Zscaler to $200.00 in a report on Friday, May 27th. Finally, Truist Financial lowered their target price on shares of Zscaler from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.65.

Zscaler Price Performance

NASDAQ:ZS opened at $141.95 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.80. The firm has a fifty day simple moving average of $152.32 and a 200 day simple moving average of $202.26. Zscaler has a 1-year low of $125.12 and a 1-year high of $376.11. The stock has a market capitalization of $20.14 billion, a PE ratio of -53.16 and a beta of 1.09.

Zscaler (NASDAQ:ZSGet Rating) last released its quarterly earnings data on Thursday, May 26th. The company reported ($0.61) EPS for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.02. Zscaler had a negative net margin of 38.52% and a negative return on equity of 58.37%. The firm had revenue of $286.81 million during the quarter, compared to analysts’ expectations of $271.47 million. During the same period in the previous year, the business posted ($0.30) earnings per share. The company’s revenue for the quarter was up 62.6% compared to the same quarter last year. On average, research analysts expect that Zscaler will post -2.31 EPS for the current fiscal year.

Zscaler Company Profile

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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.

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