Archford Capital Strategies LLC Has $733,000 Stake in Zscaler, Inc. (NASDAQ:ZS)

Archford Capital Strategies LLC grew its position in Zscaler, Inc. (NASDAQ:ZS) by 15.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,065 shares of the company’s stock after buying an additional 535 shares during the quarter. Archford Capital Strategies LLC’s holdings in Zscaler were worth $733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZS. Prestige Wealth Management Group LLC bought a new position in Zscaler in the third quarter valued at about $31,000. Versant Capital Management Inc grew its holdings in shares of Zscaler by 136.8% during the 4th 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. True Wealth Design LLC increased its position in Zscaler by 18,500.0% during the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after purchasing an additional 185 shares in the last quarter. Modus Advisors LLC acquired a new position in Zscaler during the 4th quarter worth approximately $36,000. Finally, Avior Wealth Management LLC lifted its stake in Zscaler by 50.7% in the 4th quarter. Avior Wealth Management LLC now owns 214 shares of the company’s stock valued at $39,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ZS shares. Royal Bank of Canada reiterated an “outperform” rating and set a $230.00 price target on shares of Zscaler in a report on Tuesday, December 3rd. JMP Securities reiterated a “market outperform” rating and issued a $240.00 target price (down from $270.00) on shares of Zscaler in a research report on Tuesday, December 3rd. Morgan Stanley cut their price target on Zscaler from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Guggenheim reissued a “neutral” rating on shares of Zscaler in a report on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $225.47.

Zscaler Stock Performance

ZS stock opened at $193.47 on Monday. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61. The stock’s 50 day simple moving average is $195.05 and its 200 day simple moving average is $187.72. The company has a market cap of $29.69 billion, a P/E ratio of -773.88 and a beta of 0.87.

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

Insider Transactions at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the firm’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 $573,516.16. Following the transaction, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at $71,828,542.08. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Remo Canessa sold 3,703 shares of the company’s stock in a transaction dated 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 sale, 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 valued at $2,052,879 over the last three months. Corporate insiders own 18.10% of the company’s stock.

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.