Janney Montgomery Scott LLC Has $814,000 Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Janney Montgomery Scott LLC grew its position in Zscaler, Inc. (NASDAQ:ZSGet Rating) by 24.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,953 shares of the company’s stock after purchasing an additional 972 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Zscaler were worth $814,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Riverview Trust Co raised its holdings in Zscaler by 221.1% in the second quarter. Riverview Trust Co now owns 244 shares of the company’s stock worth $36,000 after purchasing an additional 168 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Zscaler during the second quarter worth $37,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Zscaler by 142.9% during the second quarter. Creative Financial Designs Inc. ADV now owns 255 shares of the company’s stock worth $38,000 after acquiring an additional 150 shares during the period. Ronald Blue Trust Inc. acquired a new stake in shares of Zscaler during the second quarter worth $38,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Zscaler by 2,060.0% during the second quarter. First Horizon Advisors Inc. now owns 324 shares of the company’s stock worth $48,000 after acquiring an additional 309 shares during the period. 45.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZS has been the topic of a number of research analyst reports. Mizuho dropped their price objective on shares of Zscaler from $175.00 to $165.00 in a report on Friday, December 2nd. Needham & Company LLC began coverage on shares of Zscaler in a report on Friday, January 13th. They set a “buy” rating and a $210.00 price objective on the stock. Royal Bank of Canada lowered their price target on shares of Zscaler from $185.00 to $155.00 and set an “outperform” rating on the stock in a research note on Monday, November 28th. Evercore ISI lowered their price target on shares of Zscaler to $200.00 in a research note on Friday, December 2nd. Finally, Morgan Stanley lowered shares of Zscaler from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $162.00 to $120.00 in a research note on Thursday, January 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and a consensus price target of $199.73.

Insider Activity

In other news, Director Andrew William Fraser Brown bought 5,000 shares of the company’s stock in a transaction dated Friday, December 23rd. The stock was bought at an average cost of $108.78 per share, for a total transaction of $543,900.00. Following the transaction, the director now owns 23,250 shares of the company’s stock, valued at $2,529,135. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Andrew William Fraser Brown bought 5,000 shares of the company’s stock in a transaction dated Friday, December 23rd. The stock was bought at an average cost of $108.78 per share, for a total transaction of $543,900.00. Following the transaction, the director now owns 23,250 shares of the company’s stock, valued at $2,529,135. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Schlossman sold 5,081 shares of the business’s stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $114.14, for a total transaction of $579,945.34. Following the completion of the transaction, the insider now owns 136,198 shares of the company’s stock, valued at $15,545,639.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,735 shares of company stock worth $2,252,553. 19.80% of the stock is currently owned by corporate insiders.

Zscaler Price Performance

Shares of Zscaler stock opened at $110.37 on Friday. Zscaler, Inc. has a twelve month low of $99.64 and a twelve month high of $290.47. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.64. The company has a 50-day simple moving average of $120.40 and a two-hundred day simple moving average of $145.42. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of -42.45 and a beta of 0.88.

Zscaler (NASDAQ:ZSGet Rating) last issued its quarterly earnings data on Thursday, December 1st. The company reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.51) by $0.04. Zscaler had a negative net margin of 30.23% and a negative return on equity of 56.23%. The business had revenue of $355.55 million during the quarter, compared to analysts’ expectations of $341.08 million. Analysts forecast that Zscaler, Inc. will post -1.76 EPS for the current year.

Zscaler Profile

(Get Rating)

Zscaler, Inc engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K.

Further Reading

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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