Lindbrook Capital LLC Boosts Holdings in Zscaler, Inc. (NASDAQ:ZS)

Lindbrook Capital LLC increased its position in Zscaler, Inc. (NASDAQ:ZS) by 41.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 237 shares of the company’s stock after purchasing an additional 69 shares during the quarter. Lindbrook Capital LLC’s holdings in Zscaler were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ZS. BluePath Capital Management LLC acquired a new position in shares of Zscaler in the 3rd quarter valued at approximately $32,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Zscaler by 109.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock valued at $46,000 after acquiring an additional 109 shares in the last quarter. Allworth Financial LP raised its holdings in Zscaler by 175.4% in the fourth quarter. Allworth Financial LP now owns 380 shares of the company’s stock valued at $84,000 after acquiring an additional 242 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in Zscaler by 231.7% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 544 shares of the company’s stock valued at $85,000 after acquiring an additional 380 shares during the last quarter. Finally, CWM LLC grew its holdings in Zscaler by 13.8% during the 3rd quarter. CWM LLC now owns 637 shares of the company’s stock worth $99,000 after acquiring an additional 77 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the transaction, the chief executive officer now owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Zscaler news, CFO Remo Canessa sold 7,707 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the completion of the sale, the chief financial officer now directly owns 255,943 shares in the company, valued at approximately $49,435,390.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the completion of the sale, the chief executive officer now directly owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,715 shares of company stock worth $5,865,882. 19.20% of the stock is owned by corporate insiders.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $174.81 on Friday. The stock’s 50 day moving average price is $200.02 and its 200 day moving average price is $203.19. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market cap of $26.20 billion, a price-to-earnings ratio of -184.01 and a beta of 0.80. Zscaler, Inc. has a 12 month low of $84.93 and a 12 month high of $259.61.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. The company had revenue of $525.00 million for the quarter, compared to the consensus estimate of $507.56 million. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. Equities research analysts anticipate that Zscaler, Inc. will post -0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZS has been the topic of several research analyst reports. Wedbush increased their price target on shares of Zscaler from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Needham & Company LLC reiterated a “strong-buy” rating and issued a $290.00 target price on shares of Zscaler in a research report on Friday, March 1st. JMP Securities reissued a “market outperform” rating and set a $270.00 price target on shares of Zscaler in a research report on Friday, March 1st. Sanford C. Bernstein reduced their price objective on Zscaler from $311.00 to $280.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Finally, Truist Financial reiterated a “buy” rating and set a $260.00 target price on shares of Zscaler in a research note on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.24.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.