Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Vista Investment Partners LLC

Vista Investment Partners LLC reduced its stake in Zscaler, Inc. (NASDAQ:ZS) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,188 shares of the company’s stock after selling 132 shares during the period. Vista Investment Partners LLC’s holdings in Zscaler were worth $575,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC purchased a new position in Zscaler during the 3rd quarter worth approximately $31,000. True Wealth Design LLC grew its position in shares of 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 acquiring an additional 185 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of 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 acquiring an additional 104 shares during the period. Modus Advisors LLC acquired a new stake in Zscaler during the 4th quarter worth $36,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Zscaler during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Price Performance

Shares of ZS opened at $193.47 on Friday. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61. The firm has a 50 day simple moving average of $195.05 and a 200-day simple moving average of $187.79. The stock has a market cap of $29.69 billion, a price-to-earnings ratio of -773.88 and a beta of 0.87.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The company had revenue of $628.00 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.18) earnings per share. On average, equities analysts expect that Zscaler, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ZS shares. Scotiabank increased their target price on shares of Zscaler from $205.00 to $225.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. BNP Paribas initiated coverage on Zscaler in a research report on Tuesday, October 8th. They set a “neutral” rating and a $180.00 price objective for the company. JMP Securities reissued a “market outperform” rating and issued a $240.00 target price (down previously from $270.00) on shares of Zscaler in a report on Tuesday, December 3rd. Morgan Stanley decreased their price target on Zscaler from $215.00 to $205.00 and set an “equal weight” rating for the company in a report on Tuesday, December 3rd. Finally, KeyCorp boosted their price objective on shares of Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.47.

Insiders Place Their Bets

In other news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $573,516.16. Following the completion of the transaction, the chief executive officer now owns 358,569 shares of the company’s stock, valued at $71,828,542.08. This represents a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Syam Nair sold 3,682 shares of the company’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 $737,578.24. Following the transaction, the insider now directly owns 142,866 shares of the company’s stock, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,248 shares of company stock valued at $2,052,879 in the last ninety days. Insiders own 18.10% of the company’s stock.

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.