Private Advisor Group LLC Purchases Shares of 1,471 Zscaler, Inc. (NASDAQ:ZS)

Private Advisor Group LLC acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZSFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,471 shares of the company’s stock, valued at approximately $229,000.

Other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its position in Zscaler by 14.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 557,345 shares of the company’s stock worth $134,476,000 after purchasing an additional 68,982 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in Zscaler in the first quarter valued at about $244,000. D.A. Davidson & CO. boosted its stake in shares of Zscaler by 41.6% during the first quarter. D.A. Davidson & CO. now owns 1,130 shares of the company’s stock valued at $273,000 after purchasing an additional 332 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of Zscaler during the first quarter worth about $1,232,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Zscaler by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 121,598 shares of the company’s stock valued at $29,338,000 after buying an additional 2,153 shares during the period. 46.45% 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 recent research reports. TD Cowen lifted their price target on shares of Zscaler from $195.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, November 28th. JPMorgan Chase & Co. raised their price target on shares of Zscaler from $174.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, November 14th. Macquarie raised Zscaler from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $166.00 to $231.00 in a research report on Tuesday, December 12th. BMO Capital Markets boosted their price objective on Zscaler from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, November 28th. Finally, Truist Financial upped their price target on Zscaler from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Eight research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $210.51.

Check Out Our Latest Analysis on Zscaler

Insider Buying and Selling at Zscaler

In related news, Director Amit Sinha sold 3,680 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $183.94, for a total value of $676,899.20. Following the completion of the transaction, the director now owns 36,800 shares in the company, valued at approximately $6,768,992. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Amit Sinha sold 3,680 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $183.94, for a total value of $676,899.20. Following the sale, the director now owns 36,800 shares in the company, valued at $6,768,992. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Karen Blasing sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $236.24, for a total transaction of $1,653,680.00. Following the transaction, the director now directly owns 39,539 shares of the company’s stock, valued at $9,340,693.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 150,332 shares of company stock worth $31,166,722. 19.20% of the stock is owned by corporate insiders.

Zscaler Stock Performance

Shares of Zscaler stock opened at $234.73 on Wednesday. Zscaler, Inc. has a one year low of $84.93 and a one year high of $246.38. The company has a market capitalization of $34.82 billion, a PE ratio of -202.35 and a beta of 0.86. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.96 and a current ratio of 1.96. The company has a 50-day simple moving average of $221.92 and a two-hundred day simple moving average of $181.85.

Zscaler (NASDAQ:ZSGet Free Report) last issued its quarterly earnings results on Monday, November 27th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. The business had revenue of $496.70 million for the quarter, compared to the consensus estimate of $473.36 million. Zscaler had a negative return on equity of 21.39% and a negative net margin of 9.54%. The business’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.47) earnings per share. Research analysts expect that Zscaler, Inc. will post -0.94 EPS for the current fiscal year.

About Zscaler

(Free Report)

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.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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