Variant Private Wealth LLC Invests $474,000 in Zscaler, Inc. (NASDAQ:ZS)

Variant Private Wealth LLC bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,627 shares of the company’s stock, valued at approximately $474,000.

A number of other large investors also recently made changes to their positions in the company. Global X Japan Co. Ltd. grew its position in Zscaler by 127.4% during the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock worth $25,000 after buying an additional 79 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in Zscaler during the fourth quarter worth approximately $29,000. Prestige Wealth Management Group LLC acquired a new stake in Zscaler during the third quarter worth approximately $31,000. True Wealth Design LLC grew its position in Zscaler by 18,500.0% during the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after buying an additional 185 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Zscaler by 136.8% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after buying an additional 104 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZS. Morgan Stanley reduced their price target on Zscaler from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 3rd. KeyCorp increased their price target on Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Mizuho raised their target price on Zscaler from $210.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Wells Fargo & Company raised their target price on Zscaler from $180.00 to $190.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. Finally, Susquehanna raised their target price on Zscaler from $210.00 to $225.00 and gave the company a “positive” rating 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.56.

Zscaler Price Performance

ZS stock opened at $198.56 on Friday. The stock has a 50-day moving average price of $195.38 and a 200-day moving average price of $190.54. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $251.55.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. During the same period last year, the company posted ($0.18) EPS. The business’s quarterly revenue was up 26.4% on a year-over-year basis. As a group, equities research analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Activity

In other Zscaler news, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The stock was 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 owns 142,866 shares in the company, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the transaction, the chief executive officer now owns 358,569 shares of the company’s stock, valued at $71,828,542.08. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,248 shares of company stock worth $2,052,879 in the last three months. 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.