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Zscaler Inc (ZS) Stock Could Soon Reward Patient Investors

Zscaler Inc (NASDAQ: ZS) is -13.06% lower on its value in year-to-date trading and has touched a low of $84.93 and a high of $259.61 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZS stock was last observed hovering at around $193.48 in the last trading session, with the day’s loss setting it -0.85%.

Currently trading at $192.63, the stock is -4.76% and -14.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing -0.44% at the moment leaves the stock 5.11% off its SMA200. ZS registered 74.72% gain for a year compared to 6-month gain of 29.39%. The firm has a 50-day simple moving average (SMA 50) of $14.58 and a 200-day simple moving average (SMA200) of -$994.46.

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The stock witnessed a -18.82% loss in the last 1 month and extending the period to 3 months gives it a -14.39%, and is -2.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.18% over the week and 3.35% over the month.

Zscaler Inc (ZS) has around 5962 employees, a market worth around $28.87B and $1.90B in sales. Fwd P/E is 58.59. Profit margin for the company is -7.32%. Distance from 52-week low is 126.81% and -25.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.46%).

Zscaler Inc quarterly earnings per share for the current quarter are estimated at $0.66 with sales reaching $536.13M over the same period.The EPS is expected to grow by 54.58% this year, but quarterly earnings will post 31.30% year-over-year.

Zscaler Inc (ZS) Top Institutional Holders

1,090 institutions hold shares in Zscaler Inc (ZS), with institutional investors hold 81.15% of the company’s shares. The shares outstanding are 147.17M, and float is at 88.58M with Short Float at 5.15%. Institutions hold 49.85% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 8.51 million shares valued at $1.24 billion. The investor’s holdings represent 5.78% of the ZS Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 6.08 million shares valued at $889.36 million to account for 4.13% of the shares outstanding. The other top investors are Voya Investment Management LLC which holds 2.97 million shares representing 2.02% and valued at over $434.05 million, while Artisan Partners Limited Partnership holds 1.61% of the shares totaling 2.36 million with a market value of $345.7 million.

Zscaler Inc (ZS) Insider Activity

The most recent transaction is an insider sale by Schlossman Robert,the company’sChief Legal Officer. SEC filings show that Schlossman Robert sold 5,484 shares of the company’s common stock on Mar 19 ’24 at a price of $193.88 per share for a total of $1.06 million. Following the sale, the insider now owns 0.12 million shares.

Zscaler Inc disclosed in a document filed with the SEC on Mar 18 ’24 that CANESSA REMO (Chief Financial Officer) sold a total of 7,707 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $193.15 per share for $1.49 million. Following the transaction, the insider now directly holds 0.26 million shares of the ZS stock.

Still, SEC filings show that on Mar 18 ’24, Schlossman Robert (Chief Legal Officer) disposed off 4,227 shares at an average price of $193.15 for $0.82 million. The insider now directly holds 123,978 shares of Zscaler Inc (ZS).

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