Zscaler, Inc. (NASDAQ:ZS) Shares Acquired by Tlwm

Tlwm increased its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 4.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,579 shares of the company’s stock after acquiring an additional 206 shares during the period. Tlwm’s holdings in Zscaler were worth $826,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZS. Quest Partners LLC acquired a new position in shares of Zscaler in the second quarter worth about $28,000. Prestige Wealth Management Group LLC purchased a new stake in Zscaler during the 3rd quarter worth approximately $31,000. True Wealth Design LLC increased its holdings in Zscaler by 18,500.0% during the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after purchasing an additional 185 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares in the last quarter. Finally, Modus Advisors LLC purchased a new position in shares of Zscaler during the 4th quarter valued at approximately $36,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Stock Performance

NASDAQ ZS opened at $186.49 on Tuesday. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $259.61. The stock has a market cap of $28.61 billion, a PE ratio of -745.96 and a beta of 0.87. The firm has a 50-day simple moving average of $196.90 and a 200 day simple moving average of $188.24.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.14. The firm had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) EPS. Research analysts forecast that Zscaler, Inc. will post -0.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the completion of the sale, the chief executive officer now owns 358,569 shares in the company, valued at approximately $71,828,542.08. This trade represents a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the sale, the insider now directly owns 142,866 shares of the company’s stock, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,248 shares of company stock worth $2,052,879 in the last quarter. 18.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on ZS shares. BTIG Research lifted their price objective on shares of Zscaler from $205.00 to $238.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Oppenheimer increased their price objective on shares of Zscaler from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. KeyCorp raised their price target on Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Finally, Scotiabank upped their price objective on Zscaler from $195.00 to $205.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.84.

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.