GAMMA Investing LLC Acquires Shares of 155 Zscaler, Inc. (NASDAQ:ZS)

GAMMA Investing LLC bought a new position in shares of Zscaler, Inc. (NASDAQ:ZSFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 155 shares of the company’s stock, valued at approximately $37,000.

A number of other hedge funds also recently modified their holdings of ZS. Polar Capital Holdings Plc bought a new position in shares of Zscaler in the 3rd quarter valued at $61,681,000. International Assets Investment Management LLC grew its stake in shares of Zscaler by 19,012.4% during the fourth quarter. International Assets Investment Management LLC now owns 223,997 shares of the company’s stock worth $49,629,000 after buying an additional 222,825 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Zscaler by 370.3% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 249,310 shares of the company’s stock worth $55,660,000 after acquiring an additional 196,296 shares during the last quarter. Federated Hermes Inc. acquired a new position in Zscaler in the 4th quarter worth about $39,246,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Zscaler by 1.5% during the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock worth $1,343,810,000 after purchasing an additional 129,090 shares during the period. Institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling

In other Zscaler news, insider Syam Nair sold 2,893 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the transaction, the insider now directly owns 137,294 shares in the company, valued at approximately $26,518,336.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Zscaler news, Director Karen Blasing sold 7,000 shares of Zscaler stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $250.90, for a total transaction of $1,756,300.00. Following the completion of the sale, the director now owns 40,372 shares of the company’s stock, valued at $10,129,334.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Syam Nair sold 2,893 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $558,782.95. Following the transaction, the insider now owns 137,294 shares in the company, valued at $26,518,336.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,715 shares of company stock valued at $4,212,202. Company insiders own 19.20% of the company’s stock.

Zscaler Stock Up 0.4 %

Shares of ZS stock opened at $177.11 on Friday. Zscaler, Inc. has a 12 month low of $86.93 and a 12 month high of $259.61. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. The firm’s 50 day moving average is $192.52 and its 200 day moving average is $203.40.

Zscaler (NASDAQ:ZSGet Free Report) last issued its earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.08. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. The business had revenue of $525.00 million during the quarter, compared to the consensus estimate of $507.56 million. As a group, research analysts expect that Zscaler, Inc. will post -0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ZS. Citigroup lifted their price objective on Zscaler from $235.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Barclays decreased their target price on Zscaler from $259.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. Sanford C. Bernstein dropped their price target on Zscaler from $311.00 to $280.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. The Goldman Sachs Group raised their price target on shares of Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Finally, KeyCorp upgraded shares of Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 price objective on the stock in a report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and an average target price of $230.24.

Read Our Latest Stock Report on ZS

Zscaler Profile

(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.

Further Reading

Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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