Kestra Private Wealth Services LLC Buys 449 Shares of Zscaler, Inc. (NASDAQ:ZS)

Kestra Private Wealth Services LLC increased its stake in Zscaler, Inc. (NASDAQ:ZSFree Report) by 27.9% in the third quarter, Holdings Channel.com reports. The firm owned 2,059 shares of the company’s stock after purchasing an additional 449 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Zscaler were worth $320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in shares of Zscaler by 2.7% during the 1st quarter. International Assets Investment Management LLC now owns 2,558 shares of the company’s stock worth $617,000 after buying an additional 67 shares during the last quarter. Xponance Inc. boosted its stake in shares of Zscaler by 0.6% during the 3rd quarter. Xponance Inc. now owns 12,411 shares of the company’s stock worth $1,931,000 after buying an additional 68 shares during the last quarter. Malaga Cove Capital LLC boosted its stake in shares of Zscaler by 1.0% during the 2nd quarter. Malaga Cove Capital LLC now owns 6,812 shares of the company’s stock worth $997,000 after buying an additional 69 shares during the last quarter. Bouvel Investment Partners LLC boosted its stake in shares of Zscaler by 0.5% during the 3rd quarter. Bouvel Investment Partners LLC now owns 16,641 shares of the company’s stock worth $2,589,000 after buying an additional 76 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Zscaler by 13.8% during the 3rd quarter. CWM LLC now owns 637 shares of the company’s stock worth $99,000 after buying an additional 77 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZS has been the topic of a number of research analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $185.00 target price on shares of Zscaler in a report on Wednesday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Zscaler from $174.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday, November 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $205.00 target price on shares of Zscaler in a report on Tuesday, November 28th. Morgan Stanley upped their target price on shares of Zscaler from $170.00 to $180.00 and gave the company an “equal weight” rating in a report on Tuesday, November 28th. Finally, Needham & Company LLC upped their target price on shares of Zscaler from $210.00 to $225.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 28th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.51.

Read Our Latest Stock Analysis on Zscaler

Insider Buying and Selling at Zscaler

In other news, Director Amit Sinha sold 3,680 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $183.94, for a total transaction of $676,899.20. Following the completion of the transaction, the director now owns 36,800 shares of the company’s stock, valued at $6,768,992. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Zscaler news, Director Amit Sinha sold 3,680 shares of Zscaler stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $183.94, for a total value of $676,899.20. Following the completion of the sale, the director now directly owns 36,800 shares of the company’s stock, valued at $6,768,992. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Ajay Mangal sold 55,000 shares of Zscaler stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $196.90, for a total transaction of $10,829,500.00. Following the completion of the sale, the insider now directly owns 21,511,041 shares of the company’s stock, valued at $4,235,523,972.90. The disclosure for this sale can be found here. Insiders have sold 150,332 shares of company stock worth $31,166,722 over the last quarter. Corporate insiders own 19.20% of the company’s stock.

Zscaler Stock Performance

Shares of Zscaler stock opened at $254.93 on Friday. Zscaler, Inc. has a fifty-two week low of $84.93 and a fifty-two week high of $259.61. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a market capitalization of $37.81 billion, a P/E ratio of -219.77 and a beta of 0.86. The company’s 50 day moving average price is $225.00 and its two-hundred day moving average price is $183.50.

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