Nwam LLC Acquires 377 Shares of Zscaler, Inc. (NASDAQ:ZS)

Nwam LLC lifted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 19.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,308 shares of the company’s stock after acquiring an additional 377 shares during the period. Nwam LLC’s holdings in Zscaler were worth $395,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ZS. O Shaughnessy Asset Management LLC increased its holdings in Zscaler by 3.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,104 shares of the company’s stock valued at $790,000 after acquiring an additional 149 shares during the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of Zscaler by 116.7% in the first quarter. UniSuper Management Pty Ltd now owns 1,300 shares of the company’s stock worth $250,000 after purchasing an additional 700 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Zscaler by 59.8% in the first quarter. Advisors Asset Management Inc. now owns 2,229 shares of the company’s stock worth $429,000 after buying an additional 834 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Zscaler by 11.8% during the first quarter. Janus Henderson Group PLC now owns 9,121 shares of the company’s stock valued at $1,757,000 after buying an additional 963 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC grew its holdings in Zscaler by 14.9% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 23,839 shares of the company’s stock valued at $4,592,000 after buying an additional 3,086 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of Zscaler stock opened at $210.96 on Monday. The stock’s fifty day moving average price is $186.49 and its 200-day moving average price is $183.69. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ZS shares. Cantor Fitzgerald raised Zscaler to a “hold” rating in a report on Monday, November 18th. JMP Securities reiterated a “market outperform” rating and set a $270.00 price objective on shares of Zscaler in a research report on Monday, November 4th. Piper Sandler reduced their target price on shares of Zscaler from $255.00 to $215.00 and set an “overweight” rating on the stock in a report on Wednesday, September 4th. KeyCorp increased their price target on shares of Zscaler from $220.00 to $245.00 and gave the company an “overweight” rating in a report on Friday. Finally, Oppenheimer dropped their price target on Zscaler from $260.00 to $230.00 and set an “outperform” rating for the company in a research report 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and an average price target of $218.55.

Insider Buying and Selling

In other Zscaler news, insider Robert Schlossman sold 1,435 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were 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 directly owns 105,806 shares in the company, valued at $19,224,950.20. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Remo Canessa sold 8,455 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $1,448,172.40. Following the transaction, the chief financial officer now directly owns 231,793 shares in the company, valued at approximately $39,701,505.04. The trade was a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,502 shares of company stock worth $5,256,651 in the last three months. 19.20% of the stock is owned by insiders.

Zscaler 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.