In a filing, Zscaler Inc revealed its Chief Legal Officer Schlossman Robert unloaded Company’s shares for reported $0.26 million on Oct 09 ’24. In the deal valued at $181.70 per share,1,435 shares were sold. As a result of this transaction, Schlossman Robert now holds 105,806 shares worth roughly $22.12 million.
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Then, ROBERT SCHLOSSMAN bought 1,435 shares, generating $253,895 in total proceeds.
Before that, Schlossman Robert sold 4,947 shares. Zscaler Inc shares valued at $842,084 were divested by the Chief Legal Officer at a price of $170.22 per share. As a result of the transaction, Schlossman Robert now holds 107,241 shares, worth roughly $22.42 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 4.76% to $209.04. Over the last five days, the stock has gained 11.84%. Zscaler Inc shares have fallen nearly -5.65% since the year began. Nevertheless, the stocks have risen 19.42% over the past one year. While a 52-week high of $259.61 was reached on 02/09/24, a 52-week low of $153.45 was recorded on 09/10/24. SMA at 50 days reached $179.36, while 200 days put it at $190.01.
Levels Of Support And Resistance For ZS Stock
The 24-hour chart illustrates a support level at 202.62, which if violated will result in even more drops to 196.19. On the upside, there is a resistance level at 212.39. A further resistance level may holdings at 215.73. The Relative Strength Index (RSI) on the 14-day chart is 71.89, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.91%. Stochastics %K at 94.62% indicates the stock is a selling.
How much short interest is there in Zscaler Inc?
A steep rise in short interest was recorded in Zscaler Inc stocks on 2024-10-31, dropping by -0.53 million shares to a total of 4.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.85 million shares. There was a decline of -12.28%, which implies that there is a negative sentiment for the stock.
