Private Advisor Group LLC Purchases 415 Shares of Zscaler, Inc. (NASDAQ:ZS)

Private Advisor Group LLC lifted its position in Zscaler, Inc. (NASDAQ:ZS) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,070 shares of the company’s stock after buying an additional 415 shares during the period. Private Advisor Group LLC’s holdings in Zscaler were worth $3,602,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its position in Zscaler by 6.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 103,937 shares of the company’s stock worth $20,021,000 after buying an additional 6,683 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Zscaler by 9.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 116,691 shares of the company’s stock worth $22,478,000 after purchasing an additional 9,689 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in Zscaler by 40.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,438 shares of the company’s stock worth $470,000 after purchasing an additional 696 shares during the period. Norden Group LLC purchased a new stake in Zscaler during the 1st quarter valued at $846,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of Zscaler during the 1st quarter valued at $809,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insiders Place Their Bets

In related news, insider Robert Schlossman sold 1,435 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the transaction, the insider now owns 105,806 shares in the company, valued at $19,224,950.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $488,490.56. Following the transaction, the chief executive officer now directly owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Schlossman sold 1,435 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total value of $260,739.50. Following the completion of the sale, the insider now owns 105,806 shares of the company’s stock, valued at $19,224,950.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock valued at $5,256,651 over the last 90 days. Insiders own 19.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ZS shares. JMP Securities restated a “market outperform” rating and set a $270.00 price target on shares of Zscaler in a research note on Wednesday, September 4th. BMO Capital Markets reduced their target price on shares of Zscaler from $208.00 to $197.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. BNP Paribas initiated coverage on shares of Zscaler in a research note on Tuesday, October 8th. They set a “neutral” rating and a $180.00 price target on the stock. Loop Capital reduced their price objective on Zscaler from $180.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, BTIG Research lowered their target price on Zscaler from $220.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Zscaler currently has an average rating of “Moderate Buy” and a consensus price target of $216.73.

Zscaler Stock Performance

NASDAQ ZS opened at $184.96 on Monday. The business’s 50 day moving average price is $180.90 and its 200-day moving average price is $180.68. Zscaler, Inc. has a fifty-two week low of $152.60 and a fifty-two week high of $259.61. The company has a market cap of $27.96 billion, a P/E ratio of -362.67 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.09. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The business had revenue of $592.90 million for the quarter, compared to the consensus estimate of $567.46 million. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. As a group, equities analysts predict that Zscaler, Inc. will post -0.95 EPS for the current year.

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.