Zscaler Inc’s recent filing unveils that its Chief Legal Officer Schlossman Robert unloaded Company’s shares for reported $0.84 million on Sep 30 ’24. In the deal valued at $170.22 per share,4,947 shares were sold. As a result of this transaction, Schlossman Robert now holds 107,241 shares worth roughly $18.97 million.
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Then, ROBERT SCHLOSSMAN bought 4,947 shares, generating $849,746 in total proceeds.
Before that, Brown Andrew William Fraser sold 8,000 shares. Zscaler Inc shares valued at $1,392,830 were divested by the Director at a price of $174.10 per share. As a result of the transaction, Brown Andrew William Fraser now holds 25,907 shares, worth roughly $4.58 million.
Exane BNP Paribas initiated its Zscaler Inc [ZS] rating to a Neutral in a research note published on October 08, 2024; the price target was $180. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in early September has reiterated a ‘”an Outperform”‘ rating for it. BofA Securities also remained covering ZS and has decreased its forecast on September 04, 2024 with a “Neutral” recommendation from previously “Buy” rating. Raymond James started covering the stock on July 23, 2024. It rated ZS as “a Mkt perform”.
Price Performance Review of ZS
On Tuesday, Zscaler Inc [NASDAQ:ZS] saw its stock jump 2.79% to $176.93. Over the last five days, the stock has gained 5.95%. Zscaler Inc shares have fallen nearly -20.14% since the year began. Nevertheless, the stocks have risen 8.15% over the past one year. While a 52-week high of $259.61 was reached on 02/09/24, a 52-week low of $152.60 was recorded on 09/10/24. SMA at 50 days reached $176.81, while 200 days put it at $194.58.
Levels Of Support And Resistance For ZS Stock
The 24-hour chart illustrates a support level at 174.03, which if violated will result in even more drops to 171.13. On the upside, there is a resistance level at 178.62. A further resistance level may holdings at 180.30. The Relative Strength Index (RSI) on the 14-day chart is 54.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.92%. Stochastics %K at 77.57% indicates the stock is a holding.
How much short interest is there in Zscaler Inc?
A steep rise in short interest was recorded in Zscaler Inc stocks on 2024-09-13, growing by 0.72 million shares to a total of 5.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.47 million shares. There was a rise of 13.86%, which implies that there is a positive sentiment for the stock.
