(CTN News) – Morgan Stanley cut its price target Zscaler on, Inc. (NASDAQ: ZS) from $180.00 to $162.00 on Friday. They rate the stock as overweight. costs between $126.52 and $127.81 a month.
There were 55,482 shares traded during trading, down 98 percent from 2,246,401 shares in the normal session. Yesterday, the shares closed at $144.50.
The company has been covered by several other equity research analysts lately. In a report on November 2nd, Macquarie started covering Zscaler.
According to them, the stock should trade at $155.00. Wells Fargo & Company gave Zscaler an “overweight” rating in a research note on Friday. Zscaler was mentioned as a potential investment by Sumitomo Mitsui Financial Group on Friday, October 7th. They gave it an “outperform” rating and set a $220.00 price objective.
Zscaler’s price objective was lowered from $200 to $180 by Wedbush Investment Research on Friday.
Barclays lowered its price objective for Zscaler from $160.00 to $143.00 in a research note on Friday.
Nine analysts suggest selling the stock, twenty-seven suggest holding onto it, and one suggests buying it. Bloomberg.com says stock is a “Moderate Buy” and the target price should be $209.
Zscaler insider Robert Schlossman sold 3,825 shares of the company’s stock on Tuesday, October 18th. The stock could bring in $576,924.75 when it‘s sold at $150.83 per share.
The corporate insider now owns 141,279 shares of the company, which have a value of around $21,309,111.57 as a result of a filing with the Securities and Exchange Commission.
Dali Rajic sold 20,000 shares on September 30th. The shares were sold for an average of $168.00 each. In total, the chairman owns $45,460,632 worth of shares. For more information, visit the SEC’s website. On October 18th, an insider sold 3,825 shares.
It could raise $576,924.75 at $150.83 a share. Insiders now own approximately $21,309,111.57 in company stock. Take a look. $29,386,731 has been sold by insiders. Ownership by insiders is 19.8%.
Stock holdings of hedge funds and other types of investment funds have changed recently. In the first quarter of 2018, Qube Research and Technologies Ltd. invested $9,699,000 in Zscaler shares.
Zscaler share purchases increased by 44.8% during the second quarter. In the previous quarter, Janney Montgomery Scott LLC bought 1,232 more shares.
$617,000. These shares give the firm a market cap of $617,000. The Gilder Gagnon Howe & Co. LLC increased its stake in Zscaler by 113.3%.
The company now owns 45,685 shares worth $11,023,000 after purchasing 24,268 more shares. also invested $139,000 from BI Asset Management Fondsmaeglerskab AS.
Last but not least, the Swiss National Bank increased its Zscaler stock holdings by 16.5%.
The bank now owns 363,975 shares of the company’s stock, which is worth $87,820,000. 45.51 percent of the company’s shares are held by institutional investors.