In February, there was a sizeable drop in the number of short positions held in Zscaler, INC (NASDAQ: ZS).
There were 8,720,000 shares borrowed as of January 31, but as of February 15, there were only 6,770,000 shares borrowed, which represents a decrease of 22.4% from the previous number of shares.
The days-to-cover ratio has reached 2.7 days because the daily volume of shares averaged 2,540,000. Currently, 7.9% of the company’s shares are being traded on the short market in the United States.
In a transaction on Friday, December 16, Chief Operating Officer Dali Rajic sold 7,113 shares of the company’s stock.
The total value of the company’s stock that changed hands was $811,877.82, with each share changing hands for an average price of $114.14.
The chief operating officer now directly controls 296.820 company shares, which have a combined value of $33,879,034.80 as a direct consequence of the sale. On the Securities and Exchange Commission (SEC) website, you can currently access the information submitted to the SEC in connection with the sale.
In related news, on December 23 of this year, director Andrew William Fraser Brown purchased 5,000 shares of company stock.
This information is relevant to the discussion we’ve been having.
The stock price resulted in an overall investment of $543,900.00, an average of $108.78 per share.
After the completion of the transaction, the director is now the direct owner of 23,250 shares of the company.
The total value of these shares is $2,529,135, so the director’s holdings are worth approximately $2,529,135.
Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website.
This file can be found on the website. On Friday, December 16, the company’s Chief Operating Officer, Dali Rajic, sold 7,113 shares of the company’s stock.
The total value of the company’s stock that changed hands was $811,877.82, with each share changing hands for an average price of $114.14. Following the completion of the transaction, the chief operating officer now has direct ownership of 296.820 shares of the company’s stock, which currently have a value of approximately $33,879,034.80.
Disclosures related to the sale might be found in this website section.
Insiders of the company sold 19,735 shares of stock for a total price of $2,252,553 during the preceding three months. Corporate insiders own the shares of stock in the company at 19.80%.
Recently, many research companies have made their findings public regarding ZS.
MKM Partners lowered their recommendation for Zscaler from a “buy” rating to a “hold” rating in a research report released on November 28, stating that the recommendation was effective immediately.
Additionally, the company lowered its price target, taking it from $225.00 down to $190.00.
In a research note published on Monday, December 5, Robert W.
Baird downgraded Zscaler from “outperform” to “market perform” and decreased their price objective for the company from $220.00 to $180.00.
This news came about due to a reduction in their price target for the company.
In a research note released on Friday, December 2, UBS Group lowered their “buy” rating and price target on Zscaler, which had previously been set at $200, to $180.
The research note was regarding Zscaler’s performance.
In a research note made public on Friday, December 2, JMP Securities lowered the “market outperform” rating that they had previously assigned to Zscaler and decreased their price target from $280.00 to $225.00.
Evercore ISI stated that they had decreased their target price for Zscaler to $200 in a research note published on Friday, December 2.
Twelve analysts recommend shareholders maintain their current stock holdings, twenty-one analysts recommend purchasing shares of the company’s stock, and one strongly recommends purchasing shares of the company’s stock.
The current average rating for Zscaler on Bloomberg.com is “Moderate Buy,” The website lists a target price of $180.25 for the company’s stock.
Various institutional investors, including hedge funds and other types of investment vehicles, have recently modified their holdings of ZS.
During the third quarter, First Personal Financial Services acquired the services of Zscaler to fill a newly created position at an approximate cost of $26,000.
This position has been newly created.
During the last three months of 2018, Accurate Wealth Management LLC completed the purchase of a new investment in Zscaler.
It was estimated that this new holding was worth somewhere around $27,000.
The purchase of an increased ownership stake in Zscaler by Sonnipe Ltd cost approximately $28,000 and took place during the fourth quarter.
During the second quarter, Oliver Lagore Vanvalin Investment Group spent approximately $37,000 to acquire an additional holding in Zscaler.
By the end of the third quarter, Ellevest INC had increased its total stake in Zscaler by approximately $37,000.
This was accomplished by purchasing additional shares of stock during the period in question.
At present, institutions own a total of 45.33 percent of the equity in the company.
On Friday, the NASDAQ: ZS stock started trading at $134.13.
The company’s stock has traded at a moving average price of $139.38 over the past two hundred days, while its price has traded at a moving average of $122.11 over the past fifty days.
The ratio of debt to equity, the current ratio, and the quick ratio all come in at 2.64, while the debt-to-assets ratio and the quick ratio sit at 2.01, respectively.
The company’s stock has a price-to-earnings ratio of -51.59, a beta value of 0.88, and a market value of $19.34 billion in the financial markets. Zscaler reached a new all-time high price of $256.41 in the past 52 weeks, while the company’s all-time low price was $99.64.
Zscaler (NASDAQ: ZS) released its most recent quarterly earnings report on December 1, 2018, which was for the period ending September 30, 2018.
The company reported earnings per share for the quarter at $0.47, which is $0.04 more than analysts’ consensus estimate of $0.51.
The revenue for the quarter came in significantly higher than the $341.08 million that analysts had anticipated, coming in at $355.55 million instead. Zscaler reported a net margin that was in the red by the amount of 30.23% and a return on equity that was in the red by the amount of 56.23%. Zscaler is expected to report a loss of $1.69 per share for the current financial year, according to the consensus among market analysts.