Zscaler, Inc. (NASDAQ:ZS) Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lifted its position in shares of Zscaler, Inc. (NASDAQ:ZSGet Rating) by 16,763.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,840 shares of the company’s stock after buying an additional 128,076 shares during the period. J.W. Cole Advisors Inc.’s holdings in Zscaler were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arlington Partners LLC increased its holdings in Zscaler by 122.4% in the 1st quarter. Arlington Partners LLC now owns 109 shares of the company’s stock valued at $26,000 after purchasing an additional 60 shares during the last quarter. San Luis Wealth Advisors LLC acquired a new stake in Zscaler in the 1st quarter valued at approximately $30,000. Meeder Asset Management Inc. acquired a new stake in Zscaler in the 1st quarter valued at approximately $30,000. AdvisorNet Financial Inc increased its holdings in Zscaler by 362.1% in the 1st quarter. AdvisorNet Financial Inc now owns 134 shares of the company’s stock valued at $32,000 after purchasing an additional 105 shares during the last quarter. Finally, AlphaCentric Advisors LLC acquired a new stake in Zscaler in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 45.51% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the subject of several research reports. Wedbush dropped their target price on shares of Zscaler to $200.00 in a report on Friday, May 27th. Moffett Nathanson started coverage on shares of Zscaler in a research report on Thursday. They issued a “hold” rating and a $268.00 price target for the company. Cowen decreased their price target on shares of Zscaler from $405.00 to $194.00 and set a “buy” rating for the company in a research report on Friday, May 27th. Stephens raised their price target on shares of Zscaler from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, September 9th. Finally, BTIG Research cut shares of Zscaler from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $235.03.

Insider Transactions at Zscaler

In other news, insider Robert Schlossman sold 8,045 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $167.97, for a total transaction of $1,351,318.65. Following the transaction, the insider now directly owns 135,381 shares in the company, valued at $22,739,946.57. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Robert Schlossman sold 8,045 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $167.97, for a total transaction of $1,351,318.65. Following the transaction, the insider now directly owns 135,381 shares in the company, valued at $22,739,946.57. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Remo Canessa sold 10,366 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $167.97, for a total transaction of $1,741,177.02. Following the transaction, the chief financial officer now owns 293,093 shares in the company, valued at $49,230,831.21. The disclosure for this sale can be found here. Insiders have sold a total of 151,514 shares of company stock worth $25,449,807 over the last ninety days. 20.30% of the stock is currently owned by company insiders.

Zscaler Trading Down 5.4 %

NASDAQ ZS opened at $162.56 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $23.25 billion, a PE ratio of -58.69 and a beta of 1.02. Zscaler, Inc. has a one year low of $125.12 and a one year high of $376.11. The firm’s fifty day moving average is $164.14 and its two-hundred day moving average is $176.93.

Zscaler (NASDAQ:ZSGet Rating) last posted its quarterly earnings data on Thursday, September 8th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Zscaler had a negative net margin of 35.77% and a negative return on equity of 55.59%. The company had revenue of $318.06 million for the quarter, compared to analyst estimates of $305.54 million. During the same period in the previous year, the business posted ($0.48) earnings per share. Zscaler’s quarterly revenue was up 61.4% on a year-over-year basis. Analysts expect that Zscaler, Inc. will post -2.17 earnings per share for the current year.

Zscaler Profile

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Zscaler, Inc operates as a cloud security company worldwide. It 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.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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