Zscaler, Inc. (NASDAQ:ZS) Shares Bought by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC grew its stake in Zscaler, Inc. (NASDAQ:ZS) by 40.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,438 shares of the company’s stock after purchasing an additional 696 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Zscaler were worth $470,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ZS. Jones Financial Companies Lllp purchased a new position in shares of Zscaler during the 4th quarter valued at approximately $29,000. 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 valued at $35,000 after buying an additional 134 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Zscaler during the 4th quarter valued at approximately $37,000. Quadrant Capital Group LLC lifted its position in shares of Zscaler by 66.7% during the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after buying an additional 70 shares in the last quarter. Finally, 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 valued at $46,000 after buying an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Price Performance

Shares of Zscaler stock opened at $192.19 on Friday. The business has a 50-day moving average of $176.89 and a 200 day moving average of $202.71. Zscaler, Inc. has a 12 month low of $131.59 and a 12 month high of $259.61. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.75 and a current ratio of 1.75.

Zscaler (NASDAQ:ZS) last announced its earnings results on Thursday, May 30th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.39. Zscaler had a negative return on equity of 5.84% and a negative net margin of 3.62%. The company had revenue of $553.20 million during the quarter, compared to analysts’ expectations of $535.55 million. Equities analysts anticipate that Zscaler, Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZS has been the topic of a number of recent analyst reports. Scotiabank decreased their target price on Zscaler from $250.00 to $210.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 31st. BTIG Research decreased their price objective on Zscaler from $258.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Rosenblatt Securities restated a “neutral” rating and issued a $190.00 price objective on shares of Zscaler in a report on Tuesday, May 28th. Sanford C. Bernstein decreased their price objective on Zscaler from $280.00 to $270.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. Finally, Loop Capital decreased their price objective on Zscaler from $225.00 to $180.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Six research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $225.21.

Insider Activity at Zscaler

In other news, CFO Remo Canessa sold 7,981 shares of Zscaler stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $177.21, for a total value of $1,414,313.01. Following the completion of the transaction, the chief financial officer now owns 243,486 shares in the company, valued at approximately $43,148,154.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 19.20% of the stock is currently owned by company insiders.

About Zscaler

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.