Yousif Capital Management LLC Buys Shares of 1,186 Zscaler, Inc. (NASDAQ:ZS)

Yousif Capital Management LLC purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,186 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ZS. Creative Planning grew its position in Zscaler by 7.6% in the third quarter. Creative Planning now owns 148,534 shares of the company’s stock worth $25,390,000 after acquiring an additional 10,551 shares during the period. Bleakley Financial Group LLC acquired a new position in shares of Zscaler in the 3rd quarter valued at $763,000. Blue Trust Inc. lifted its stake in shares of Zscaler by 24.4% in the 3rd quarter. Blue Trust Inc. now owns 1,557 shares of the company’s stock valued at $266,000 after purchasing an additional 305 shares during the last quarter. Chicago Capital LLC grew its holdings in shares of Zscaler by 6.7% during the 3rd quarter. Chicago Capital LLC now owns 7,857 shares of the company’s stock worth $1,343,000 after purchasing an additional 495 shares during the period. Finally, Evernest Financial Advisors LLC acquired a new stake in shares of Zscaler during the 3rd quarter worth about $222,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Down 1.0 %

Shares of Zscaler stock opened at $212.70 on Tuesday. The firm has a market cap of $32.64 billion, a price-to-earnings ratio of -850.80 and a beta of 0.89. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $255.00. The company’s 50-day simple moving average is $194.92 and its 200-day simple moving average is $189.69.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The firm had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. During the same quarter in the prior year, the business posted ($0.18) earnings per share. Zscaler’s revenue was up 26.4% compared to the same quarter last year. Equities research analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

ZS has been the subject of a number of research analyst reports. Cantor Fitzgerald raised shares of Zscaler to a “hold” rating in a research report on Monday, November 18th. BTIG Research lifted their price objective on Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Wells Fargo & Company boosted their price objective on Zscaler from $180.00 to $190.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. Piper Sandler raised their target price on Zscaler from $215.00 to $235.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $230.00 price target on shares of Zscaler in a research note on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and an average price target of $225.63.

Insider Buying and Selling

In related news, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the completion of the transaction, the chief financial officer now directly owns 220,635 shares in the company, valued at $44,197,603.20. The trade was a 1.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Syam Nair sold 3,682 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the sale, the insider now owns 142,866 shares in the company, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,248 shares of company stock worth $2,052,879 in the last quarter. Company insiders own 18.10% of the company’s stock.

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.