Zscaler, Inc. (NASDAQ:ZS) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. raised its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 22.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,363 shares of the company’s stock after acquiring an additional 427 shares during the quarter. D.A. Davidson & CO.’s holdings in Zscaler were worth $426,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Global X Japan Co. Ltd. increased its holdings in shares of Zscaler by 127.4% in the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Zscaler in the fourth quarter valued at approximately $29,000. Prestige Wealth Management Group LLC acquired a new stake in shares of Zscaler in the third quarter valued at approximately $31,000. Versant Capital Management Inc increased its holdings in shares of Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares during the last quarter. Finally, True Wealth Design LLC increased its holdings in shares of Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other Zscaler news, insider Syam Nair sold 3,682 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 value of $737,578.24. Following the sale, the insider now owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $741,784.96. Following the completion of the sale, the chief financial officer now directly owns 220,635 shares in the company, valued at $44,197,603.20. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,248 shares of company stock worth $2,052,879. Corporate insiders own 18.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ZS shares. Wells Fargo & Company increased their price target on Zscaler from $180.00 to $190.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. Jefferies Financial Group raised their target price on Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. JMP Securities reissued a “market outperform” rating and set a $240.00 target price (down previously from $270.00) on shares of Zscaler in a research note on Tuesday, December 3rd. Barclays raised their target price on Zscaler from $220.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Canaccord Genuity Group raised their target price on Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.56.

Zscaler Price Performance

Zscaler stock opened at $193.04 on Wednesday. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $251.55. The stock has a market cap of $29.62 billion, a PE ratio of -772.16 and a beta of 0.89. The stock’s fifty day moving average is $195.08 and its two-hundred day moving average is $191.20.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $628.00 million for the quarter, compared to analysts’ expectations of $605.51 million. During the same period last year, the firm earned ($0.18) earnings per share. Zscaler’s quarterly revenue was up 26.4% on a year-over-year basis. On average, research analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal 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.