Clear Creek Financial Management LLC Has $368,000 Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Clear Creek Financial Management LLC boosted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 4.8% in the third quarter, Holdings Channel reports. The firm owned 2,152 shares of the company’s stock after purchasing an additional 98 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Zscaler were worth $368,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lmcg Investments LLC lifted its stake in Zscaler by 76.8% during the third quarter. Lmcg Investments LLC now owns 13,229 shares of the company’s stock worth $2,261,000 after purchasing an additional 5,748 shares during the period. Weatherly Asset Management L. P. lifted its stake in Zscaler by 172.5% during the third quarter. Weatherly Asset Management L. P. now owns 9,430 shares of the company’s stock worth $1,612,000 after purchasing an additional 5,970 shares during the period. Shepherd Financial Partners LLC lifted its stake in Zscaler by 42.8% during the third quarter. Shepherd Financial Partners LLC now owns 5,035 shares of the company’s stock worth $861,000 after purchasing an additional 1,509 shares during the period. Diversify Advisory Services LLC lifted its stake in Zscaler by 87.1% during the third quarter. Diversify Advisory Services LLC now owns 13,758 shares of the company’s stock worth $2,561,000 after purchasing an additional 6,403 shares during the period. Finally, China Universal Asset Management Co. Ltd. lifted its stake in Zscaler by 112.8% during the third quarter. China Universal Asset Management Co. Ltd. now owns 1,917 shares of the company’s stock worth $328,000 after purchasing an additional 1,016 shares during the period. Institutional investors own 46.45% of the company’s stock.

Insider Activity at Zscaler

In other Zscaler news, CFO Remo Canessa sold 8,455 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $1,448,172.40. Following the sale, the chief financial officer now directly owns 231,793 shares of the company’s stock, valued at $39,701,505.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Remo Canessa sold 8,455 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $1,448,172.40. Following the sale, the chief financial officer now directly owns 231,793 shares of the company’s stock, valued at approximately $39,701,505.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Schlossman sold 4,947 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $170.22, for a total transaction of $842,078.34. Following the completion of the sale, the insider now directly owns 107,241 shares in the company, valued at approximately $18,254,563.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,502 shares of company stock valued at $5,256,651. 19.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ZS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Zscaler from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, September 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 target price on shares of Zscaler in a research note on Wednesday, September 4th. Mizuho cut shares of Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 target price for the company. in a research note on Tuesday, July 16th. Scotiabank cut their target price on shares of Zscaler from $210.00 to $195.00 and set a “sector outperform” rating for the company in a research note on Wednesday, September 4th. Finally, BNP Paribas started coverage on shares of Zscaler in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $216.73.

Zscaler Stock Up 1.3 %

Shares of ZS stock opened at $184.90 on Tuesday. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $259.61. The firm has a market capitalization of $28.20 billion, a price-to-earnings ratio of -462.24 and a beta of 0.82. The firm has a fifty day moving average of $179.63 and a 200-day moving average of $180.95.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.09. The business had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The firm’s revenue was up 30.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.17) EPS. Research analysts expect that Zscaler, Inc. will post -0.95 earnings per share for the current year.

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.