Bank Hapoalim BM Has $2.17 Million Holdings in Zscaler, Inc. (NASDAQ:ZS)

Bank Hapoalim BM cut its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 4.2% during the 4th quarter, Holdings Channel reports. The fund owned 12,010 shares of the company’s stock after selling 522 shares during the period. Bank Hapoalim BM’s holdings in Zscaler were worth $2,167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. SYM FINANCIAL Corp bought a new position in Zscaler during the fourth quarter worth $303,000. Tokio Marine Asset Management Co. Ltd. boosted its stake in Zscaler by 12.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,664 shares of the company’s stock worth $661,000 after acquiring an additional 408 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in Zscaler by 30.3% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 2,497 shares of the company’s stock worth $450,000 after acquiring an additional 580 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in Zscaler during the fourth quarter worth $295,000. Finally, Clear Creek Financial Management LLC boosted its stake in Zscaler by 5.1% during the fourth quarter. Clear Creek Financial Management LLC now owns 2,261 shares of the company’s stock worth $408,000 after acquiring an additional 109 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Zscaler Price Performance

NASDAQ ZS opened at $203.73 on Wednesday. The company’s 50 day moving average is $194.24 and its 200-day moving average is $187.92. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $259.61.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $605.51 million. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. On average, equities analysts expect that Zscaler, Inc. will post -0.1 EPS for the current year.

Insider Buying and Selling

In other Zscaler news, insider Syam Nair sold 3,682 shares of the business’s 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 $737,578.24. Following the completion of the transaction, the insider now owns 142,866 shares of the company’s stock, valued at $28,618,917.12. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of the business’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 transaction of $741,784.96. Following the completion of the transaction, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,248 shares of company stock valued at $2,052,879. Company insiders own 18.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $240.00 price objective (down from $270.00) on shares of Zscaler in a research note on Tuesday, December 3rd. Citigroup raised their price objective on shares of Zscaler from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Jefferies Financial Group raised their price objective on shares of Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Susquehanna raised their price objective on shares of Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley dropped their price objective on shares of Zscaler from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $225.47.

Zscaler 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.