In a filing, Zscaler Inc revealed its Chief Legal Officer Schlossman Robert unloaded Company’s shares for reported $1.06 million on Mar 19 ’24. In the deal valued at $193.88 per share,5,484 shares were sold. As a result of this transaction, Schlossman Robert now holds 118,494 shares worth roughly $20.66 million.
Then, CANESSA REMO sold 7,707 shares, generating $1,488,579 in total proceeds. Upon selling the shares at $193.15, the Chief Financial Officer now owns 255,943 shares.
Before that, Schlossman Robert sold 4,227 shares. Zscaler Inc shares valued at $816,429 were divested by the Chief Legal Officer at a price of $193.15 per share. As a result of the transaction, Schlossman Robert now holds 123,978 shares, worth roughly $21.61 million.
Bernstein initiated its Zscaler Inc [ZS] rating to an Outperform in a research note published on January 18, 2024; the price target was $311. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid January with a ‘”a Sector weight”‘ rating. Oppenheimer also remained covering ZS and reiterated its “an Outperform” recommendation on January 03, 2024. Susquehanna started covering the stock on December 15, 2023. It rated ZS as “a Positive”.
Price Performance Review of ZS
On Tuesday, Zscaler Inc [NASDAQ:ZS] saw its stock fall -0.30% to $174.32. Over the last five days, the stock has lost -7.52%. Zscaler Inc shares have fallen nearly -21.32% since the year began. Nevertheless, the stocks have risen 65.31% over the past one year. While a 52-week high of $259.61 was reached on 02/09/24, a 52-week low of $84.93 was recorded on 04/16/24. SMA at 50 days reached $211.18, while 200 days put it at $185.56. A total of 1.49 million shares were traded, compared to the trading of 1.21 million shares in the previous session.
Levels Of Support And Resistance For ZS Stock
The 24-hour chart illustrates a support level at 172.81, which if violated will result in even more drops to 171.30. On the upside, there is a resistance level at 176.02. A further resistance level may holdings at 177.72. The Relative Strength Index (RSI) on the 14-day chart is 27.09, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.67%. Stochastics %K at 5.22% indicates the stock is a buying.
