Zscaler Inc (NASDAQ:ZS) was the recipient of unusually large options trading activity on Thursday. Traders bought 6,386 put options on the stock. This is an increase of approximately 1,307% compared to the average volume of 454 put options.
Several research analysts recently issued reports on ZS shares. Wedbush upped their target price on shares of Zscaler from $53.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Deutsche Bank boosted their price target on shares of Zscaler from $44.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. Morgan Stanley set a $43.00 price target on shares of Zscaler and gave the stock a “sell” rating in a research note on Friday, March 1st. Bank of America set a $53.00 price objective on shares of Zscaler and gave the company a “hold” rating in a research note on Friday, March 1st. Finally, ValuEngine raised shares of Zscaler from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.53.
In other Zscaler news, insider Robert Schlossman sold 1,562 shares of the business’s stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $39.16, for a total transaction of $61,167.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Amit Sinha sold 50,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $64.75, for a total transaction of $3,237,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 605,562 shares of company stock worth $32,040,023. Insiders own 27.40% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mascoma Wealth Management LLC purchased a new position in shares of Zscaler in the 4th quarter worth $39,000. Quantamental Technologies LLC purchased a new position in shares of Zscaler in the 4th quarter worth $39,000. Acadian Asset Management LLC grew its stake in shares of Zscaler by 561.3% in the 4th quarter. Acadian Asset Management LLC now owns 1,230 shares of the company’s stock worth $48,000 after buying an additional 1,044 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Zscaler in the 4th quarter worth $51,000. Finally, Bank of Montreal Can grew its stake in shares of Zscaler by 2,242.7% in the 4th quarter. Bank of Montreal Can now owns 2,249 shares of the company’s stock worth $88,000 after buying an additional 2,153 shares in the last quarter. 30.31% of the stock is owned by institutional investors.
Shares of ZS stock opened at $67.19 on Friday. The firm has a market cap of $8.04 billion and a PE ratio of -216.74. Zscaler has a one year low of $24.76 and a one year high of $68.85.
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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.
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