Zscaler Inc’s recently made public that 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 $22.24 million.
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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 $23.26 million.
Wells Fargo downgraded its Zscaler Inc [ZS] rating to an Equal weight from a an Overweight in a research note published on May 28, 2024; the price target was decreased to $182 from $275. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who decreased its forecast for the stock in late May from “a Buy” to “a Neutral”. KeyBanc Capital Markets also remained covering ZS and has increased its forecast on April 18, 2024 with a “an Overweight” recommendation from previously “Sector weight” rating. Bernstein started covering the stock on January 18, 2024. It rated ZS as “an Outperform”.
Price Performance Review of ZS
On Tuesday, Zscaler Inc [NASDAQ:ZS] saw its stock jump 2.03% to $187.65. Over the last five days, the stock has gained 10.94%. Zscaler Inc shares have fallen nearly -15.31% since the year began. Nevertheless, the stocks have risen 24.40% over the past one year. While a 52-week high of $259.61 was reached on 02/09/24, a 52-week low of $131.59 was recorded on 05/30/24. SMA at 50 days reached $176.41, while 200 days put it at $190.88. A total of 2.38 million shares were traded, compared to the trading of 2.13 million shares in the previous session.
Levels Of Support And Resistance For ZS Stock
The 24-hour chart illustrates a support level at 184.94, which if violated will result in even more drops to 182.24. On the upside, there is a resistance level at 189.75. A further resistance level may holdings at 191.85. The Relative Strength Index (RSI) on the 14-day chart is 63.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.40%. Stochastics %K at 90.98% indicates the stock is a selling.
The most recent change occurred on January 17, 2024 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating.
