Zscaler Inc’s recently made public that 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 $21.01 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 $21.29 million.
BMO Capital Markets reiterated its Zscaler Inc [ZS] rating to an Outperform in a research note published on December 03, 2024; the price target was $222. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. BMO Capital Markets also remained covering ZS and reiterated its “an Outperform” recommendation on September 04, 2024. BofA Securities revised its rating on September 04, 2024. It rated ZS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ZS
On Friday, Zscaler Inc [NASDAQ:ZS] saw its stock fall -3.79% to $198.54. Over the last five days, the stock has lost -6.34%. Zscaler Inc shares have fallen nearly -10.39% since the year began. Nevertheless, the stocks have fallen -7.85% 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 $196.24, while 200 days put it at $186.07.
Levels Of Support And Resistance For ZS Stock
The 24-hour chart illustrates a support level at 195.07, which if violated will result in even more drops to 191.61. On the upside, there is a resistance level at 204.39. A further resistance level may holdings at 210.25. The Relative Strength Index (RSI) on the 14-day chart is 46.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.32%. Stochastics %K at 43.67% 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 2024-11-15, dropping by -0.99 million shares to a total of 3.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.84 million shares. There was a decline of -25.87%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 23, 2024 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating .
