Choreo LLC Makes New Investment in Zscaler, Inc. (NASDAQ:ZS)

Choreo LLC purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,199 shares of the company’s stock, valued at approximately $266,000.

Other hedge funds have also made changes to their positions in the company. BluePath Capital Management LLC acquired a new stake in Zscaler in the 3rd quarter valued at approximately $32,000. Parkside Financial Bank & Trust lifted its position in shares of Zscaler by 582.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after buying an additional 134 shares during the period. GAMMA Investing LLC bought a new position in shares of Zscaler during the 4th quarter worth approximately $37,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Zscaler by 109.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after buying an additional 109 shares during the period. Finally, Lindbrook Capital LLC lifted its position in shares of Zscaler by 41.1% during the 4th quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock worth $53,000 after buying an additional 69 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction dated 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 directly owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction dated 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 directly owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Syam Nair sold 2,893 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were 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 directly owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The disclosure for this sale can be found here. Insiders sold a total of 19,715 shares of company stock valued at $4,212,202 over the last three months. Company insiders own 19.20% of the company’s stock.

Zscaler Stock Up 0.4 %

Shares of Zscaler stock opened at $177.11 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19. Zscaler, Inc. has a 12 month low of $86.93 and a 12 month high of $259.61. The business has a fifty day simple moving average of $193.68 and a 200 day simple moving average of $203.36. The stock has a market cap of $26.55 billion, a PE ratio of -186.43 and a beta of 0.85.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. The business had revenue of $525.00 million during the quarter, compared to analysts’ expectations of $507.56 million. Research analysts predict that Zscaler, Inc. will post -0.8 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on ZS. Citigroup raised their target price on Zscaler from $235.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. KeyCorp upgraded Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 target price for the company in a research report on Thursday, April 18th. Robert W. Baird raised their target price on Zscaler from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Rosenblatt Securities lifted their price objective on Zscaler from $285.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $270.00 price objective on shares of Zscaler in a research report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average price target of $230.24.

Zscaler Company 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.