Crews Bank & Trust Invests $36,000 in Zscaler, Inc. (NASDAQ:ZS)

Crews Bank & Trust purchased a new stake in Zscaler, Inc. (NASDAQ:ZS) during the 4th quarter, HoldingsChannel reports. The fund purchased 200 shares of the company’s stock, valued at approximately $36,000.

A number of other large investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its holdings in shares of Zscaler by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 6,388 shares of the company’s stock worth $1,228,000 after buying an additional 464 shares in the last quarter. Truist Financial Corp grew its position in Zscaler by 137.3% during the 2nd quarter. Truist Financial Corp now owns 2,572 shares of the company’s stock worth $494,000 after acquiring an additional 1,488 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Zscaler during the 2nd quarter valued at $1,328,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Zscaler in the 2nd quarter valued at $2,644,000. Finally, Centaurus Financial Inc. acquired a new position in Zscaler in the second quarter worth $754,000. 46.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ZS has been the subject of a number of research analyst reports. Citigroup lifted their price target on Zscaler from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. KeyCorp boosted their target price on shares of Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Piper Sandler increased their price target on shares of Zscaler from $215.00 to $235.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company boosted their price objective on shares of Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Finally, BMO Capital Markets increased their price objective on Zscaler from $197.00 to $222.00 and gave the company an “outperform” rating in a research report 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 stock. According to MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and an average target price of $225.47.

Zscaler Price Performance

NASDAQ:ZS opened at $202.59 on Friday. The business’s 50-day simple moving average is $194.58 and its 200-day simple moving average is $187.79. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61. The stock has a market capitalization of $31.09 billion, a PE ratio of -810.36 and a beta of 0.87.

Zscaler (NASDAQ:ZS) last announced 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 net margin of 1.58% and a negative return on equity of 0.75%. The firm had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. The business’s 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 year.

Insider Buying and Selling

In other Zscaler news, CFO Remo Canessa sold 3,703 shares of the firm’s 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 $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. This trade represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Syam Nair sold 3,682 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the transaction, the insider now directly owns 142,866 shares of the company’s stock, valued at $28,618,917.12. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,248 shares of company stock valued at $2,052,879. Company 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.