Cwm LLC Increases Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Cwm LLC grew its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 82.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,160 shares of the company’s stock after acquiring an additional 523 shares during the quarter. Cwm LLC’s holdings in Zscaler were worth $257,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. BluePath Capital Management LLC purchased a new position in shares of Zscaler in the third quarter worth approximately $32,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Zscaler by 109.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after buying an additional 109 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Zscaler by 41.1% in the fourth quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock worth $53,000 after buying an additional 69 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Zscaler by 175.4% in the fourth quarter. Allworth Financial LP now owns 380 shares of the company’s stock worth $84,000 after buying an additional 242 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new position in shares of Zscaler in the fourth quarter worth approximately $102,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Price Performance

Shares of NASDAQ ZS opened at $177.11 on Friday. The firm has a 50-day simple moving average of $193.68 and a 200-day simple moving average of $203.36. The stock has a market capitalization of $26.55 billion, a price-to-earnings ratio of -185.65 and a beta of 0.85. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19. Zscaler, Inc. has a 52 week low of $86.93 and a 52 week high of $259.61.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The business had revenue of $525.00 million during the quarter, compared to analysts’ expectations of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. On average, equities analysts predict that Zscaler, Inc. will post -0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Remo Canessa sold 7,707 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were 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 $49,435,390.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Zscaler news, Director Karen Blasing sold 7,000 shares of Zscaler stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total transaction of $1,756,300.00. Following the completion of the sale, the director now directly owns 40,372 shares in the company, valued at $10,129,334.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Remo Canessa sold 7,707 shares of Zscaler stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the sale, the chief financial officer now owns 255,943 shares of the company’s stock, valued at $49,435,390.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,715 shares of company stock worth $4,212,202. Insiders own 19.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Zscaler from $195.00 to $214.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. JPMorgan Chase & Co. increased their price objective on shares of Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Truist Financial restated a “buy” rating and set a $260.00 price objective on shares of Zscaler in a research report on Monday, April 1st. Needham & Company LLC restated a “strong-buy” rating and set a $290.00 price objective on shares of Zscaler in a research report on Friday, March 1st. Finally, Sanford C. Bernstein decreased their price objective on shares of Zscaler from $311.00 to $280.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $230.24.

Zscaler Company Profile

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.