Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Aljian Capital Management LLC

Aljian Capital Management LLC lessened its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 55.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,900 shares of the company’s stock after selling 4,824 shares during the quarter. Aljian Capital Management LLC’s holdings in Zscaler were worth $704,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. KRS Capital Management LLC increased its stake in Zscaler by 1.9% in the fourth quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock valued at $588,000 after purchasing an additional 60 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Zscaler by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock worth $81,000 after acquiring an additional 70 shares during the period. Avior Wealth Management LLC boosted its position in shares of Zscaler by 50.7% in the fourth quarter. Avior Wealth Management LLC now owns 214 shares of the company’s stock worth $39,000 after acquiring an additional 72 shares during the last quarter. Choreo LLC grew its holdings in Zscaler by 2.6% in the fourth quarter. Choreo LLC now owns 2,833 shares of the company’s stock valued at $517,000 after purchasing an additional 73 shares during the period. Finally, Valley Brook Capital Group Inc. increased its position in Zscaler by 4.0% during the third quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock worth $337,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ZS shares. Stifel Nicolaus lifted their price target on shares of Zscaler from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Morgan Stanley lowered their price target on Zscaler from $215.00 to $205.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 3rd. Jefferies Financial Group raised their price objective on Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Canaccord Genuity Group increased their target price on shares of Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a research 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $225.63.

Zscaler Stock Up 0.9 %

ZS opened at $211.14 on Thursday. The company’s 50-day moving average price is $194.59 and its 200 day moving average price is $188.86. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $255.00. The firm has a market cap of $32.40 billion, a price-to-earnings ratio of -844.56 and a beta of 0.89.

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

Insider Buying and Selling at Zscaler

In related news, CFO Remo Canessa sold 3,703 shares of the firm’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 $741,784.96. Following the sale, the chief financial officer now directly owns 220,635 shares in the company, valued at $44,197,603.20. This trade represents a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Syam Nair sold 3,682 shares of the business’s stock in a transaction 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 transaction, the insider now 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. Over the last three months, insiders have sold 10,248 shares of company stock worth $2,052,879. 18.10% of the stock is owned by insiders.

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.