Sterling Investment Advisors Ltd. Sells 2,070 Shares of Zscaler, Inc. (NASDAQ:ZS)

Sterling Investment Advisors Ltd. lowered its position in Zscaler, Inc. (NASDAQ:ZS) by 13.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,805 shares of the company’s stock after selling 2,070 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Zscaler were worth $2,491,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ZS. Signaturefd LLC increased its position in Zscaler by 15.0% during the 3rd quarter. Signaturefd LLC now owns 1,028 shares of the company’s stock valued at $176,000 after buying an additional 134 shares in the last quarter. Private Advisor Group LLC increased its position in Zscaler by 2.0% during the 3rd quarter. Private Advisor Group LLC now owns 21,070 shares of the company’s stock valued at $3,602,000 after buying an additional 415 shares in the last quarter. International Assets Investment Management LLC increased its position in Zscaler by 13,498.6% during the 3rd quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock valued at $48,769,000 after buying an additional 283,201 shares in the last quarter. Ballentine Partners LLC increased its position in Zscaler by 144.4% during the 3rd quarter. Ballentine Partners LLC now owns 2,762 shares of the company’s stock valued at $472,000 after buying an additional 1,632 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Zscaler by 8.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,188 shares of the company’s stock valued at $7,590,000 after buying an additional 3,598 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Insider Activity

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at approximately $71,828,542.08. This 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 can be accessed through this link. Also, CFO Remo Canessa sold 3,703 shares of the company’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 $741,784.96. Following the completion of the sale, the chief financial officer now directly owns 220,635 shares in the company, valued at approximately $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 have sold 10,248 shares of company stock valued at $2,052,879 over the last ninety days. 18.10% of the stock is currently owned by insiders.

Zscaler Trading Down 0.8 %

Shares of ZS stock opened at $197.05 on Tuesday. The business’s fifty day simple moving average is $195.23 and its 200-day simple moving average is $191.07. The company has a market cap of $30.24 billion, a PE ratio of -788.20 and a beta of 0.89. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $251.55.

Zscaler (NASDAQ:ZS) last issued its quarterly 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 business had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.18) earnings per share. On average, equities analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ZS. Deutsche Bank Aktiengesellschaft raised their price target on Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Oppenheimer raised their price target on Zscaler from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Mizuho raised their price target on Zscaler from $210.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Loop Capital dropped their price target on Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a research note on Tuesday, December 3rd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $240.00 target price (down from $270.00) on shares of Zscaler in a report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $226.56.

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.