Principal Securities Inc. Makes New $82,000 Investment in Zscaler, Inc. (NASDAQ:ZS)

Principal Securities Inc. purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 368 shares of the company’s stock, valued at approximately $82,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ZS. Spire Wealth Management increased its stake in shares of Zscaler by 24.5% during the fourth quarter. Spire Wealth Management now owns 249 shares of the company’s stock worth $58,000 after buying an additional 49 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Zscaler by 1.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 3,761 shares of the company’s stock worth $585,000 after buying an additional 63 shares during the period. Lindbrook Capital LLC increased its stake in shares of Zscaler by 41.1% during the fourth 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. M&T Bank Corp increased its stake in shares of Zscaler by 2.6% during the third quarter. M&T Bank Corp now owns 3,079 shares of the company’s stock worth $479,000 after buying an additional 79 shares during the period. Finally, Pursue Wealth Partners LLC increased its stake in shares of Zscaler by 0.4% during the fourth quarter. Pursue Wealth Partners LLC now owns 22,051 shares of the company’s stock worth $4,886,000 after buying an additional 83 shares during the period. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Stock Performance

Shares of ZS stock opened at $174.16 on Thursday. 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 stock has a market cap of $26.11 billion, a PE ratio of -183.33 and a beta of 0.85. Zscaler, Inc. has a 1 year low of $123.21 and a 1 year high of $259.61. The stock has a fifty day moving average price of $182.25 and a 200 day moving average price of $205.04.

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

Analysts Set New Price Targets

ZS has been the topic of a number of recent research reports. Macquarie restated an “outperform” rating and set a $245.00 target price on shares of Zscaler in a research note on Tuesday, March 19th. Needham & Company LLC restated a “strong-buy” rating and issued a $290.00 target price on shares of Zscaler in a report on Friday, March 1st. Rosenblatt Securities lifted their price target on shares of Zscaler from $285.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Cantor Fitzgerald restated a “neutral” rating and issued a $230.00 price objective on shares of Zscaler in a research note on Wednesday, April 17th. Finally, BMO Capital Markets cut their target price on Zscaler from $268.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Five research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $231.26.

Insider Buying and Selling at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’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 $408,512.25. Following the sale, the chief executive officer now owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Remo Canessa sold 7,707 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $1,488,607.05. Following the completion of the transaction, the chief financial officer now owns 255,943 shares of the company’s stock, valued at $49,435,390.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction 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 approximately $70,915,408.80. The disclosure for this sale can be found here. Insiders have sold 12,715 shares of company stock valued at $2,455,902 over the last quarter. Corporate insiders own 19.20% of the company’s stock.

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.