New York State Common Retirement Fund Sells 30,832 Shares of Zscaler, Inc. (NASDAQ:ZS)

New York State Common Retirement Fund reduced its holdings in shares of Zscaler, Inc. (NASDAQ:ZSFree Report) by 29.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,527 shares of the company’s stock after selling 30,832 shares during the period. New York State Common Retirement Fund owned 0.05% of Zscaler worth $11,596,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of Zscaler by 2.7% in the 1st quarter. International Assets Investment Management LLC now owns 2,558 shares of the company’s stock valued at $617,000 after buying an additional 67 shares during the period. Xponance Inc. lifted its position in Zscaler by 0.6% in the 3rd quarter. Xponance Inc. now owns 12,411 shares of the company’s stock valued at $1,931,000 after acquiring an additional 68 shares in the last quarter. Malaga Cove Capital LLC lifted its position in Zscaler by 1.0% in the 2nd quarter. Malaga Cove Capital LLC now owns 6,812 shares of the company’s stock valued at $997,000 after acquiring an additional 69 shares in the last quarter. Bouvel Investment Partners LLC lifted its position in Zscaler by 0.5% in the 3rd quarter. Bouvel Investment Partners LLC now owns 16,641 shares of the company’s stock valued at $2,589,000 after acquiring an additional 76 shares in the last quarter. Finally, CWM LLC lifted its position in Zscaler by 13.8% in the 3rd quarter. CWM LLC now owns 637 shares of the company’s stock valued at $99,000 after acquiring an additional 77 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jagtar Singh Chaudhry sold 2,824 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $221.34, for a total transaction of $625,064.16. Following the completion of the transaction, the chief executive officer now directly owns 369,267 shares of the company’s stock, valued at $81,733,557.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jagtar Singh Chaudhry sold 2,824 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $221.34, for a total transaction of $625,064.16. Following the completion of the transaction, the chief executive officer now directly owns 369,267 shares of the company’s stock, valued at $81,733,557.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Amit Sinha sold 3,680 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $183.94, for a total transaction of $676,899.20. Following the transaction, the director now directly owns 36,800 shares of the company’s stock, valued at $6,768,992. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,332 shares of company stock valued at $31,166,722. Insiders own 19.20% of the company’s stock.

Zscaler Stock Up 4.2 %

NASDAQ ZS opened at $244.66 on Thursday. Zscaler, Inc. has a 52-week low of $84.93 and a 52-week high of $246.38. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.40. The company has a fifty day moving average of $222.82 and a 200-day moving average of $182.29.

Zscaler (NASDAQ:ZSGet Free Report) last posted its quarterly earnings results on Monday, November 27th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.18. The business had revenue of $496.70 million during the quarter, compared to the consensus estimate of $473.36 million. Zscaler had a negative net margin of 9.54% and a negative return on equity of 21.39%. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.47) earnings per share. On average, research analysts forecast that Zscaler, Inc. will post -0.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wedbush raised their price target on shares of Zscaler from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, November 28th. KeyCorp initiated coverage on shares of Zscaler in a research report on Wednesday, January 17th. They set a “sector weight” rating on the stock. JMP Securities lifted their target price on shares of Zscaler from $225.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 31st. Evercore ISI lifted their target price on shares of Zscaler from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 28th. Finally, BTIG Research lifted their target price on shares of Zscaler from $191.00 to $229.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.51.

Read Our Latest Stock Analysis on ZS

About Zscaler

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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