Zscaler Inc’s recent filing unveils that its CEO & Chairman Chaudhry Jagtar Singh unloaded Company’s shares for reported $0.57 million on Dec 17 ’24. In the deal valued at $200.32 per share,2,863 shares were sold. As a result of this transaction, Chaudhry Jagtar Singh now holds 358,569 shares worth roughly $65.94 million.
Then, Nair Syam sold 3,682 shares, generating $737,576 in total proceeds. Upon selling the shares at $200.32, the CTO now owns 142,866 shares.
Before that, Rich Michael J. sold 3,779 shares. Zscaler Inc shares valued at $757,008 were divested by the CRO and President of WW Sales at a price of $200.32 per share. As a result of the transaction, Rich Michael J. now holds 115,966 shares, worth roughly $21.33 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 Tuesday, Zscaler Inc [NASDAQ:ZS] saw its stock fall -2.55% to $183.90. Over the last five days, the stock has gained 0.42%. Zscaler Inc shares have risen nearly 1.93% since the year began. Nevertheless, the stocks have fallen -12.35% over the past one year. While a 52-week high of $259.61 was reached on 01/07/25, a 52-week low of $153.45 was recorded on 01/02/25. SMA at 50 days reached $196.36, while 200 days put it at $185.00.
Levels Of Support And Resistance For ZS Stock
The 24-hour chart illustrates a support level at 180.42, which if violated will result in even more drops to 176.94. On the upside, there is a resistance level at 188.98. A further resistance level may holdings at 194.05. The Relative Strength Index (RSI) on the 14-day chart is 41.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.52%. Stochastics %K at 27.46% 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 .
