8,331 Shares in Zscaler, Inc. (NASDAQ:ZS) Bought by Headlands Technologies LLC

Headlands Technologies LLC purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 8,331 shares of the company’s stock, valued at approximately $1,846,000.

Several other institutional investors have also bought and sold shares of ZS. Kovack Advisors Inc. grew its stake in Zscaler by 10.6% in the 4th quarter. Kovack Advisors Inc. now owns 1,975 shares of the company’s stock valued at $438,000 after purchasing an additional 189 shares during the period. Motley Fool Asset Management LLC grew its stake in Zscaler by 7.0% in the 4th quarter. Motley Fool Asset Management LLC now owns 3,978 shares of the company’s stock valued at $881,000 after purchasing an additional 261 shares during the period. Semanteon Capital Management LP bought a new position in Zscaler in the 4th quarter valued at $1,274,000. Syon Capital LLC purchased a new position in shares of Zscaler during the 4th quarter valued at $668,000. Finally, Pittenger & Anderson Inc. lifted its position in shares of Zscaler by 1,789.5% during the 4th quarter. Pittenger & Anderson Inc. now owns 1,795 shares of the company’s stock valued at $398,000 after buying an additional 1,700 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ZS shares. Truist Financial reaffirmed a “buy” rating and set a $260.00 price target on shares of Zscaler in a research report on Monday, April 1st. Morgan Stanley increased their price objective on Zscaler from $195.00 to $214.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. The Goldman Sachs Group increased their price objective on Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Robert W. Baird increased their price objective on Zscaler from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, Citigroup increased their price objective on Zscaler from $235.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Five analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $230.24.

Insider Buying and Selling

In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the transaction, the chief executive officer now directly owns 367,152 shares in the company, valued at approximately $70,915,408.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Karen Blasing sold 7,000 shares of Zscaler stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $236.24, for a total value of $1,653,680.00. Following the sale, the director now directly owns 39,539 shares in the company, valued at approximately $9,340,693.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the sale, the chief executive officer now owns 367,152 shares in the company, valued at $70,915,408.80. The disclosure for this sale can be found here. Insiders have sold a total of 26,715 shares of company stock worth $5,865,882 in the last ninety days. 19.20% of the stock is owned by insiders.

Zscaler Price Performance

Shares of Zscaler stock opened at $177.05 on Friday. The business’s 50-day moving average price is $198.51 and its 200-day moving average price is $203.47. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19. Zscaler, Inc. has a 12 month low of $84.93 and a 12 month high of $259.61. The firm has a market capitalization of $26.54 billion, a PE ratio of -186.37 and a beta of 0.80.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (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 for the quarter, compared to analyst estimates of $507.56 million. Sell-side analysts forecast that Zscaler, Inc. will post -0.8 EPS for the current fiscal year.

Zscaler 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.