XTX Topco Ltd Sells 7,883 Shares of Zscaler, Inc. (NASDAQ:ZS)

XTX Topco Ltd reduced its position in Zscaler, Inc. (NASDAQ:ZS) by 71.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,105 shares of the company’s stock after selling 7,883 shares during the period. XTX Topco Ltd’s holdings in Zscaler were worth $597,000 at the end of the most recent quarter.

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

Zscaler Trading Up 1.2 %

Shares of ZS stock opened at $174.79 on Tuesday. The company’s 50-day moving average price is $180.69 and its 200-day moving average price is $182.64. The stock has a market cap of $26.42 billion, a price-to-earnings ratio of -342.73 and a beta of 0.82. Zscaler, Inc. has a twelve month low of $146.59 and a twelve month high of $259.61.

Zscaler (NASDAQ:ZS) last announced its quarterly 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 firm had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The company’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) EPS. As a group, equities research analysts predict that Zscaler, Inc. will post -0.92 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Mizuho lowered shares of Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 price target for the company. in a research report on Tuesday, July 16th. Citigroup reduced their price target on shares of Zscaler from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Robert W. Baird reduced their price target on shares of Zscaler from $260.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Rosenblatt Securities reissued a “neutral” rating and set a $190.00 price target on shares of Zscaler in a research report on Wednesday, September 4th. Finally, Sanford C. Bernstein reduced their price target on shares of Zscaler from $280.00 to $270.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. Nine research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $218.39.

Insider Activity

In related news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were 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 approximately $61,906,072.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were 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 approximately $61,906,072.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael J. Rich sold 4,813 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $824,370.64. Following the completion of the sale, the insider now owns 103,259 shares in the company, valued at $17,686,201.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,120 shares of company stock valued at $2,761,034. 19.20% of the stock is currently owned by insiders.

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.