J.W. Cole Advisors Inc. Buys Shares of 1,179 Zscaler, Inc. (NASDAQ:ZS)

J.W. Cole Advisors Inc. bought a new stake in Zscaler, Inc. (NASDAQ:ZS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,179 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in shares of Zscaler in the 4th quarter worth approximately $29,000. Quest Partners LLC acquired a new position in shares of Zscaler in the 2nd quarter worth approximately $28,000. Quadrant Capital Group LLC lifted its holdings in shares of Zscaler by 66.7% in the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after acquiring an additional 70 shares during the last quarter. Asset Dedication LLC lifted its holdings in shares of Zscaler by 436.8% in the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company’s stock worth $39,000 after acquiring an additional 166 shares during the last quarter. Finally, American Capital Advisory LLC purchased a new stake in Zscaler during the 2nd quarter worth approximately $50,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zscaler

In other Zscaler news, CFO Remo Canessa sold 8,455 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $1,448,172.40. Following the sale, the chief financial officer now owns 231,793 shares of the company’s stock, valued at $39,701,505.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $488,490.56. Following the sale, the chief executive officer now directly owns 361,432 shares in the company, valued at $61,906,072.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Remo Canessa sold 8,455 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $1,448,172.40. Following the transaction, the chief financial officer now owns 231,793 shares in the company, valued at $39,701,505.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,120 shares of company stock valued at $2,761,034. Insiders own 19.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ZS. Wedbush cut their target price on shares of Zscaler from $260.00 to $220.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. BTIG Research cut their target price on shares of Zscaler from $220.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Robert W. Baird cut their target price on shares of Zscaler from $260.00 to $225.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Loop Capital cut their target price on shares of Zscaler from $180.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Finally, Morgan Stanley upped their target price on shares of Zscaler from $202.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Monday, August 26th. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.39.

Zscaler Price Performance

Shares of ZS stock opened at $168.52 on Thursday. The business’s fifty day moving average price is $182.91 and its 200 day moving average price is $183.60. Zscaler, Inc. has a 1-year low of $146.59 and a 1-year high of $259.61. The firm has a market capitalization of $25.70 billion, a PE ratio of -330.43 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, September 3rd. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.18. The company had revenue of $592.90 million for the quarter, compared to analyst estimates of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. Zscaler’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.17) earnings per share. Equities research analysts expect that Zscaler, Inc. will post -0.92 earnings per share for the current fiscal year.

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.