Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lessened its stake in Zscaler, Inc. (NASDAQ:ZS) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,276 shares of the company’s stock after selling 390 shares during the period. Foundations Investment Advisors LLC’s holdings in Zscaler were worth $1,132,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. KRS Capital Management LLC lifted its position in Zscaler by 1.9% in the fourth quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock valued at $588,000 after purchasing an additional 60 shares during the period. American Trust raised its stake in shares of Zscaler by 6.1% during the 2nd quarter. American Trust now owns 1,210 shares of the company’s stock worth $233,000 after buying an additional 70 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Zscaler by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock valued at $81,000 after buying an additional 70 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Zscaler by 50.7% in the fourth quarter. Avior Wealth Management LLC now owns 214 shares of the company’s stock valued at $39,000 after buying an additional 72 shares in the last quarter. Finally, Valley Brook Capital Group Inc. grew its holdings in Zscaler by 4.0% during the third quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock worth $337,000 after acquiring an additional 75 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Zscaler

In other Zscaler news, insider Syam Nair sold 3,682 shares of the firm’s stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,248 shares of company stock worth $2,052,879. Company insiders own 18.10% of the company’s stock.

Zscaler Stock Down 1.5 %

Shares of ZS opened at $201.63 on Thursday. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61. The company’s fifty day moving average is $194.83 and its two-hundred day moving average is $187.81. The firm has a market cap of $30.94 billion, a PE ratio of -806.52 and a beta of 0.87.

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

Analyst Ratings Changes

Several equities research analysts have commented on ZS shares. Wells Fargo & Company boosted their target price on shares of Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Oppenheimer increased their target price on shares of Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Canaccord Genuity Group boosted their price target on Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Morgan Stanley dropped their price objective on Zscaler from $215.00 to $205.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and an average target price of $225.47.

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.