Private Advisor Group LLC Purchases 8,319 Shares of Zscaler, Inc. (NASDAQ:ZS)

Private Advisor Group LLC increased its position in Zscaler, Inc. (NASDAQ:ZS) by 39.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,389 shares of the company’s stock after purchasing an additional 8,319 shares during the period. Private Advisor Group LLC’s holdings in Zscaler were worth $5,302,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ZS. Global X Japan Co. Ltd. raised its position in Zscaler by 127.4% in the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after buying an additional 79 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in Zscaler in the 4th quarter valued at $29,000. Prestige Wealth Management Group LLC purchased a new stake in Zscaler in the 3rd quarter valued at $31,000. True Wealth Design LLC raised its position in Zscaler by 18,500.0% in the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after buying an additional 185 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after buying an additional 104 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Down 4.1 %

ZS stock opened at $198.56 on Friday. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $251.55. The firm has a market capitalization of $30.47 billion, a PE ratio of -794.24 and a beta of 0.89. The stock has a 50-day simple moving average of $195.38 and a two-hundred day simple moving average of $190.71.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS 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 company had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. Zscaler’s revenue was up 26.4% on a year-over-year basis. On average, equities research analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Transactions at Zscaler

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 stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,863 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 $573,516.16. Following the completion of the sale, the chief executive officer now owns 358,569 shares of the company’s stock, valued at $71,828,542.08. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Guggenheim reissued a “neutral” rating on shares of Zscaler in a research report on Tuesday, December 3rd. Wells Fargo & Company lifted their target price on Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. KeyCorp lifted their target price on Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Barclays lifted their target price on Zscaler from $220.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Cantor Fitzgerald upgraded Zscaler to a “hold” rating in a research note on Monday, November 18th. Eleven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $226.56.

About Zscaler

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.