Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. cut its holdings in Zscaler, Inc. (NASDAQ:ZS) by 20.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,133 shares of the company’s stock after selling 561 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Zscaler were worth $385,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Champlain Investment Partners LLC lifted its stake in shares of Zscaler by 28.2% during the third quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock valued at $220,401,000 after buying an additional 283,540 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Zscaler by 13,498.6% during the 3rd quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock worth $48,769,000 after purchasing an additional 283,201 shares during the period. GuoLine Advisory Pte Ltd purchased a new stake in shares of Zscaler in the third quarter valued at $32,660,000. Westfield Capital Management Co. LP increased its stake in Zscaler by 33.8% in the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock valued at $68,293,000 after purchasing an additional 100,814 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Zscaler by 59.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company’s stock worth $34,421,000 after buying an additional 71,297 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zscaler

In related news, insider Syam Nair sold 3,682 shares of the stock in a transaction dated 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 of the company’s stock, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $741,784.96. Following the transaction, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,248 shares of company stock worth $2,052,879 over the last ninety days. Company insiders own 18.10% of the company’s stock.

Zscaler Trading Up 0.4 %

Shares of ZS opened at $193.47 on Friday. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $259.61. The stock has a 50 day moving average of $195.05 and a 200-day moving average of $187.86.

Zscaler (NASDAQ:ZS) last issued its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The company had revenue of $628.00 million for the quarter, compared to analysts’ expectations of $605.51 million. During the same period in the prior year, the company earned ($0.18) earnings per share. The firm’s revenue was up 26.4% compared to the same quarter last year. Analysts expect that Zscaler, Inc. will post -0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZS has been the subject of several recent analyst reports. Jefferies Financial Group lifted their price target on Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Piper Sandler lifted their price target on shares of Zscaler from $215.00 to $235.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Loop Capital dropped their price objective on Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a report on Tuesday, December 3rd. BTIG Research lifted their target price on Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company upped their price target on Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.47.

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.