Harel Insurance Investments & Financial Services Ltd. Sells 126 Shares of Zscaler, Inc. (NASDAQ:ZS)

Harel Insurance Investments & Financial Services Ltd. reduced its position in Zscaler, Inc. (NASDAQ:ZS) by 24.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 398 shares of the company’s stock after selling 126 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Zscaler were worth $88,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ZS. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Zscaler by 4.6% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 234,290 shares of the company’s stock valued at $51,909,000 after buying an additional 10,406 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Zscaler by 1.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 41,700 shares of the company’s stock valued at $9,239,000 after buying an additional 600 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Zscaler during the fourth quarter valued at about $2,614,000. Koshinski Asset Management Inc. increased its position in shares of Zscaler by 27.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,004 shares of the company’s stock valued at $887,000 after buying an additional 872 shares during the period. Finally, RPG Investment Advisory LLC bought a new stake in shares of Zscaler during the fourth quarter valued at about $235,000. 46.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Zscaler news, insider Syam Nair sold 2,893 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the completion of the transaction, the insider now owns 137,294 shares in the company, valued at $26,518,336.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Zscaler news, insider Syam Nair sold 2,893 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the completion of the transaction, the insider now owns 137,294 shares in the company, valued at $26,518,336.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the transaction, the chief executive officer now owns 367,152 shares of the company’s stock, valued at approximately $70,915,408.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,715 shares of company stock worth $5,865,882. 19.20% of the stock is owned by corporate insiders.

Zscaler Trading Down 0.3 %

Shares of Zscaler stock opened at $174.32 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. The business has a 50 day moving average of $210.76 and a 200 day moving average of $203.02. Zscaler, Inc. has a 52 week low of $84.93 and a 52 week high of $259.61.

Zscaler (NASDAQ:ZS) last announced its earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The company had revenue of $525.00 million during the quarter, compared to the consensus estimate of $507.56 million. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. On average, equities research analysts predict that Zscaler, Inc. will post -0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Truist Financial reiterated a “buy” rating and set a $260.00 price target on shares of Zscaler in a research report on Monday, April 1st. Cantor Fitzgerald reissued a “neutral” rating and set a $230.00 price objective on shares of Zscaler in a report on Wednesday, March 27th. JPMorgan Chase & Co. boosted their price objective on Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Barclays cut their price objective on Zscaler from $259.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Finally, JMP Securities reissued a “market outperform” rating and set a $270.00 price objective on shares of Zscaler in a report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.55.

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.