GSB Wealth Management LLC Has $418,000 Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

GSB Wealth Management LLC lifted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 9.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,315 shares of the company’s stock after purchasing an additional 200 shares during the quarter. GSB Wealth Management LLC’s holdings in Zscaler were worth $418,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Prestige Wealth Management Group LLC acquired a new stake in shares of Zscaler in the 3rd quarter valued at approximately $31,000. True Wealth Design LLC boosted its holdings in shares of Zscaler by 18,500.0% in the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after buying an additional 185 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Zscaler by 136.8% during 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 during the last quarter. Modus Advisors LLC acquired a new stake in Zscaler during the 4th quarter valued at $36,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Zscaler during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. BNP Paribas assumed coverage on Zscaler in a report on Tuesday, October 8th. They set a “neutral” rating and a $180.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their price target on Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Citigroup raised their price target on Zscaler from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Cantor Fitzgerald raised Zscaler to a “hold” rating in a report on Monday, November 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $230.00 target price on shares of Zscaler in a report on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $225.47.

Zscaler Stock Up 0.4 %

Zscaler stock opened at $193.47 on Friday. The stock’s 50 day moving average is $195.05 and its 200 day moving average is $187.86. Zscaler, Inc. has a one year low of $153.45 and a one year high of $259.61.

Zscaler (NASDAQ:ZS) last issued 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. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The firm had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. During the same period in the previous year, the firm earned ($0.18) earnings per share. The company’s revenue was up 26.4% compared to the same quarter last year. On average, equities research analysts forecast that Zscaler, Inc. will post -0.16 EPS for the current fiscal year.

Insider Activity

In related news, CFO Remo Canessa sold 3,703 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 220,635 shares in the company, valued at approximately $44,197,603.20. This represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $573,516.16. Following the sale, the chief executive officer now owns 358,569 shares of the company’s stock, valued at $71,828,542.08. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,248 shares of company stock worth $2,052,879 over the last quarter. 18.10% of the stock is currently owned by corporate 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.