Investing in Zscaler Inc. (ZS) Is Getting More Attractive

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In a filing, Zscaler Inc. revealed its Chief Legal Officer Schlossman Robert unloaded Company’s shares for reported $0.58 million on Oct 18. In the deal valued at $150.83 per share,3,825 shares were sold. As a result of this transaction, Schlossman Robert now holds 141,279 shares worth roughly $ 16.58 million.


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Then, Rajic Dali sold 20,000 shares, generating $3,360,000 in total proceeds. Upon selling the shares at $168.00, the Chief Operating Officer now owns 270,599 shares.

Before that, Schlossman Robert sold 8,045 shares. Zscaler Inc. shares valued at $1,351,337 were divested by the Chief Legal Officer at a price of $167.97 per share. As a result of the transaction, Schlossman Robert now holds 135,381 shares, worth roughly $15.89 million.

Macquarie initiated its Zscaler Inc. [ZS] rating to a Neutral in a research note published on Monday, November 02, 2022; the price target was $155. PT values the company’s stock at a premium of 24.28 to its Monday closing price. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late October with a ‘”a Neutral”‘ rating. SMBC Nikko started covering the stock on October 07, 2022. It rated ZS as “an Outperform”.

Price Performance Review of ZS

On Monday, Zscaler Inc. [NASDAQ:ZS] saw its stock fall -3.01% to $117.36. On the same session, the stock had its day’s lowest price of $115.61, but rose to a high of $122.62. Over the last five days, the stock has lost -23.84%. Zscaler Inc. shares have fallen nearly -63.48% since the year began. Nevertheless, the stocks have fallen -65.33% over the past one year. While a 52-week high of $376.11 was reached on 01/03/22, a 52-week low of $117.41 was recorded on 11/07/22. SMA at 50 days reached $158.09, while 200 days put it at $184.49. A total of 3.39 million shares were traded, compared to the trading of 2.77 million shares in the previous session.

Levels Of Support And Resistance For ZS Stock

The 24-hour chart illustrates a support level at 114.44, which if violated will result in even more drops to 111.52. On the upside, there is a resistance level at 121.45. A further resistance level may holdings at 125.54. The Relative Strength Index (RSI) on the 14-day chart is 27.07, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -21.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.02%. Stochastics %K at 6.04% indicates the stock is a buying.

How much short interest is there in Zscaler Inc.?

A steep rise in short interest was recorded in Zscaler Inc. stocks on Jul 14, 2022, dropping by -0.91 million shares to a total of 5.72 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 6.63 million shares. There was a decline of -15.91%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.79% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.62.

Zscaler Inc. [ZS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 7,602,713 shares, or roughly 5.32% of the outstanding ZS shares. In other words, the investor’s shares have risen by 159,126 from its previous 13-F filing of 7443587.0. Additionally, Capital Research & Management Co increased 5.55% of its stake after which the total value it holdings stand at $759,459,915, while BlackRock Fund Advisors reduced -6.37% of its stake to hold $571.62 million in the firm. Over the last quarter, First Trust Advisors LP purchased 477,894 shares of Zscaler Inc., while Allianz Global Investors U.S. LLC bought -25,531 shares. At present, SSgA Funds Management, Inc. is holding 1,732,951 shares valued at $284.85 million. Artisan Partners LP owned 1,593,820 shares of the company at the time of its most recent 13F filing, worth $261.98 million.

According to FactSet, Zscaler Inc.’s share price will average $211.57 in the next year, based on opinions of analysts polled by the firm. This is up nearly 73.55 percent from its previous closing price of $121.00. Analysts expect Zscaler Inc. stock to reach the higher price of $280.00, while the lowest price estimate is $155.00. However, 38 analysts have rated ZS stock as an Overweight in their predictions for 2022. The most recent change occurred on October 06, 2022 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $235 price target.

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