Kera Capital Partners Inc. Acquires New Holdings in Zscaler, Inc. (NASDAQ:ZS)

Kera Capital Partners Inc. bought a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,361 shares of the company's stock, valued at approximately $1,869,000.

A number of other large investors have also recently bought and sold shares of ZS. KRS Capital Management LLC boosted its stake in shares of Zscaler by 1.9% during the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company's stock worth $588,000 after buying an additional 60 shares during the last quarter. Shelton Wealth Management LLC boosted its position in Zscaler by 2.8% during the fourth quarter. Shelton Wealth Management LLC now owns 6,317 shares of the company's stock valued at $1,140,000 after purchasing an additional 171 shares during the last quarter. Merit Financial Group LLC bought a new position in Zscaler in the fourth quarter valued at approximately $787,000. Avanza Fonder AB acquired a new position in shares of Zscaler during the 4th quarter worth approximately $1,211,000. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Zscaler by 88.9% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 4,470 shares of the company's stock worth $806,000 after purchasing an additional 2,104 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Zscaler Stock Performance

Shares of NASDAQ:ZS traded up $0.03 during midday trading on Friday, hitting $187.58. 1,303,200 shares of the stock were exchanged, compared to its average volume of 1,444,462. The business's 50-day moving average price is $196.44 and its 200 day moving average price is $188.06. The stock has a market capitalization of $28.78 billion, a price-to-earnings ratio of -750.32 and a beta of 0.87. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. The company had revenue of $628.00 million for the quarter, compared to analysts' expectations of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. Zscaler's revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. As a group, sell-side analysts expect that Zscaler, Inc. will post -0.16 EPS for the current year.

Insider Buying and Selling

In other news, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the sale, the insider now owns 142,866 shares in the company, valued at $28,618,917.12. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Remo Canessa sold 3,703 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the completion of the sale, the chief financial officer now owns 220,635 shares of the company's stock, valued at $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,248 shares of company stock valued at $2,052,879 over the last quarter. Insiders own 18.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ZS shares. Wells Fargo & Company upped their target price on shares of Zscaler from $180.00 to $190.00 and gave the company an "equal weight" rating in a report on Wednesday, December 4th. Needham & Company LLC reaffirmed a "buy" rating and issued a $240.00 price objective on shares of Zscaler in a research report on Friday, January 10th. BTIG Research lifted their target price on Zscaler from $205.00 to $238.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $230.00 price target on shares of Zscaler in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Zscaler from $220.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Eleven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $224.84.

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.