Valley Brook Capital Group Inc. Boosts Holdings in Zscaler, Inc. (NASDAQ:ZS)

Valley Brook Capital Group Inc. raised its position in Zscaler, Inc. (NASDAQ:ZS) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,972 shares of the company’s stock after acquiring an additional 75 shares during the period. Valley Brook Capital Group Inc.’s holdings in Zscaler were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Zscaler by 13,498.6% in the 3rd quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock valued at $48,769,000 after purchasing an additional 283,201 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Zscaler during the 1st quarter valued at approximately $47,217,000. GuoLine Advisory Pte Ltd purchased a new position in shares of Zscaler in the third quarter worth $32,660,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Zscaler during the first quarter worth $27,954,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Zscaler during the second quarter valued at $25,287,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Zscaler

In related news, insider Robert Schlossman sold 1,435 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total value of $260,739.50. Following the completion of the sale, the insider now owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,852 shares of Zscaler stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $488,490.56. Following the transaction, the chief executive officer now directly owns 361,432 shares of the company’s stock, valued at $61,906,072.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Schlossman sold 1,435 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the transaction, the insider now owns 105,806 shares in the company, valued at $19,224,950.20. 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 quarter, insiders sold 30,502 shares of company stock valued at $5,256,651. Corporate insiders own 19.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wells Fargo & Company lowered their price target on Zscaler from $182.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 4th. Morgan Stanley lifted their target price on Zscaler from $202.00 to $215.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. BNP Paribas assumed coverage on shares of Zscaler in a report on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 price target on the stock. Barclays decreased their price objective on shares of Zscaler from $230.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, September 4th. Finally, Bank of America lowered shares of Zscaler from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $265.00 to $195.00 in a research note on Wednesday, September 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and a consensus target price of $216.73.

Zscaler Stock Up 0.5 %

Shares of Zscaler stock traded up $0.94 during mid-day trading on Thursday, reaching $193.97. 56,042 shares of the stock traded hands, compared to its average volume of 2,032,495. The business has a 50-day moving average of $179.15 and a 200 day moving average of $181.24. The stock has a market capitalization of $29.58 billion, a PE ratio of -482.56 and a beta of 0.82. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.09. The company 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 quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.17) EPS. On average, equities research analysts expect that Zscaler, Inc. will post -0.95 EPS for the current fiscal year.

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.