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 $71.48 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 $23.12 million.
BofA Securities upgraded its Zscaler Inc [ZS] rating to a Buy from a a Neutral in a research note published on March 07, 2025; the price target was increased to $240 from $215. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “a Buy”. BMO Capital Markets also remained covering ZS and reiterated its “an Outperform” recommendation on March 06, 2025. BMO Capital Markets maintained its rating on December 03, 2024. It rated ZS as “an Outperform”.
Price Performance Review of ZS
On Tuesday, Zscaler Inc [NASDAQ:ZS] saw its stock jump 2.40% to $199.36. Over the last five days, the stock has gained 2.86%. Zscaler Inc shares have risen nearly 10.50% since the year began. Nevertheless, the stocks have fallen -0.95% over the past one year. While a 52-week high of $217.84 was reached on 02/18/25, a 52-week low of $153.45 was recorded on 01/02/25. SMA at 50 days reached $196.75, while 200 days put it at $188.97.
Levels Of Support And Resistance For ZS Stock
The 24-hour chart illustrates a support level at 194.90, which if violated will result in even more drops to 190.44. On the upside, there is a resistance level at 204.12. A further resistance level may holdings at 208.87. The Relative Strength Index (RSI) on the 14-day chart is 49.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 46.71%. Stochastics %K at 54.03% indicates the stock is a holding.
The most recent change occurred on October 08, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”a Neutral”‘ rating along with a $180 price target.
