Flagship Harbor Advisors LLC Has $614,000 Holdings in Zscaler, Inc. (NASDAQ:ZS)

Flagship Harbor Advisors LLC cut its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,401 shares of the company’s stock after selling 1,009 shares during the period. Flagship Harbor Advisors LLC’s holdings in Zscaler were worth $614,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Champlain Investment Partners LLC lifted its stake in shares of Zscaler by 28.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock valued at $220,401,000 after purchasing an additional 283,540 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Zscaler by 13,498.6% during the third quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock worth $48,769,000 after acquiring an additional 283,201 shares during the period. GuoLine Advisory Pte Ltd bought a new stake in shares of Zscaler in the third quarter valued at about $32,660,000. Westfield Capital Management Co. LP boosted its position in Zscaler by 33.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock worth $68,293,000 after acquiring an additional 100,814 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Zscaler by 59.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company’s stock valued at $34,421,000 after purchasing an additional 71,297 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ZS. Deutsche Bank Aktiengesellschaft upped their target price on shares of Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Loop Capital decreased their target price on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a research report on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and issued a $240.00 target price on shares of Zscaler in a research report on Friday, January 10th. Barclays boosted their target price on Zscaler from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald upgraded Zscaler to a “hold” rating in a research note 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 stock. According to data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and an average target price of $225.47.

Zscaler Trading Down 1.2 %

Shares of ZS stock opened at $191.24 on Tuesday. The firm has a fifty day simple moving average of $194.81 and a two-hundred day simple moving average of $187.69. 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 $29.34 billion, a PE ratio of -764.96 and a beta of 0.87.

Zscaler (NASDAQ:ZS) last posted its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.63 by $0.14. The company had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.18) earnings per share. On average, equities analysts predict that Zscaler, Inc. will post -0.16 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In other Zscaler news, insider Syam Nair sold 3,682 shares of the business’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 $737,578.24. Following the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at approximately $71,828,542.08. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,248 shares of company stock valued at $2,052,879 over the last 90 days. Insiders own 18.10% of the company’s stock.

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.