Benjamin F. Edwards & Company Inc. Purchases 334 Shares of Zscaler, Inc. (NASDAQ:ZS)

Benjamin F. Edwards & Company Inc. raised its position in Zscaler, Inc. (NASDAQ:ZS) by 13.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,750 shares of the company’s stock after acquiring an additional 334 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Zscaler were worth $529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ZS. Intech Investment Management LLC raised its position in Zscaler by 69.0% in the second quarter. Intech Investment Management LLC now owns 7,910 shares of the company’s stock worth $1,520,000 after acquiring an additional 3,230 shares during the period. Seven Eight Capital LP increased its stake in shares of Zscaler by 72.1% in the 2nd quarter. Seven Eight Capital LP now owns 6,062 shares of the company’s stock worth $1,165,000 after purchasing an additional 2,539 shares in the last quarter. SkyOak Wealth LLC increased its stake in shares of Zscaler by 16.0% in the 2nd quarter. SkyOak Wealth LLC now owns 2,900 shares of the company’s stock worth $557,000 after purchasing an additional 400 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Zscaler by 7.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,412 shares of the company’s stock worth $1,230,000 after purchasing an additional 472 shares during the period. Finally, L & S Advisors Inc lifted its position in Zscaler by 2.3% during the second quarter. L & S Advisors Inc now owns 8,716 shares of the company’s stock valued at $1,675,000 after purchasing an additional 193 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Price Performance

NASDAQ:ZS opened at $174.15 on Wednesday. The firm has a market capitalization of $26.32 billion, a price-to-earnings ratio of -341.47 and a beta of 0.82. The business has a 50 day simple moving average of $180.11 and a 200-day simple moving average of $182.47. Zscaler, Inc. has a 1 year low of $146.59 and a 1 year high of $259.61.

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

Analysts Set New Price Targets

A number of analysts have commented on the company. Morgan Stanley upped their price target on Zscaler from $202.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Monday, August 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $230.00 target price on shares of Zscaler in a report on Wednesday, September 4th. BTIG Research lowered their price target on shares of Zscaler from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Stifel Nicolaus reissued a “buy” rating and issued a $220.00 price objective on shares of Zscaler in a research note on Wednesday, September 4th. Finally, Loop Capital lowered 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. Nine analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.39.

Insider Transactions at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $488,490.56. Following the completion of the sale, the chief executive officer now directly owns 361,432 shares of the company’s stock, valued at $61,906,072.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Zscaler news, Director Andrew William Fraser Brown sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $174.10, for a total value of $1,392,800.00. Following the sale, the director now directly owns 25,907 shares of the company’s stock, valued at $4,510,408.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $488,490.56. Following the sale, the chief executive officer now directly owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,120 shares of company stock valued at $4,153,834. 19.20% of the stock is currently owned by company 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.