10,952 Shares in Zscaler, Inc. (NASDAQ:ZS) Acquired by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp purchased a new stake in Zscaler, Inc. (NASDAQ:ZS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,952 shares of the company’s stock, valued at approximately $1,976,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Zscaler by 8.6% in the second quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company’s stock worth $149,000 after buying an additional 66 shares during the period. American Trust boosted its stake in Zscaler by 6.1% in the 2nd quarter. American Trust now owns 1,210 shares of the company’s stock worth $233,000 after purchasing an additional 70 shares during the period. GAMMA Investing LLC grew its position in Zscaler by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock worth $81,000 after purchasing an additional 70 shares in the last quarter. Valley Brook Capital Group Inc. grew its position in Zscaler by 4.0% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock worth $337,000 after purchasing an additional 75 shares in the last quarter. Finally, Cynosure Group LLC raised its stake in Zscaler by 4.4% during the 3rd quarter. Cynosure Group LLC now owns 2,131 shares of the company’s stock valued at $364,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling at Zscaler

In other Zscaler news, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the sale, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. The trade was a 1.65 % 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. Also, insider Syam Nair sold 3,682 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the transaction, the insider now directly owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,248 shares of company stock valued at $2,052,879 in the last quarter. Corporate insiders own 18.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ZS. Loop Capital lowered their price target on Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a report on Tuesday, December 3rd. Stifel Nicolaus lifted their target price on Zscaler from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $230.00 price target on shares of Zscaler in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Cantor Fitzgerald upgraded shares of Zscaler to a “hold” rating in a research report on Monday, November 18th. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $224.84.

Zscaler Stock Down 1.3 %

ZS opened at $187.55 on Friday. 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 $28.78 billion, a P/E ratio of -750.20 and a beta of 0.87. The stock’s 50 day moving average price is $196.79 and its two-hundred day moving average price is $188.20.

Zscaler (NASDAQ:ZS) last released its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. The firm had revenue of $628.00 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.18) EPS. As a group, analysts anticipate that Zscaler, Inc. will post -0.16 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.