9,724 Shares in Zscaler, Inc. (NASDAQ:ZS) Bought by Erste Asset Management GmbH

Erste Asset Management GmbH acquired a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 9,724 shares of the company's stock, valued at approximately $1,670,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its stake in shares of Zscaler by 11.8% during the 1st quarter. Janus Henderson Group PLC now owns 9,121 shares of the company's stock worth $1,757,000 after purchasing an additional 963 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Zscaler by 7.4% during the 1st quarter. Tidal Investments LLC now owns 4,938 shares of the company's stock worth $951,000 after purchasing an additional 341 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Zscaler by 895.1% during the 1st quarter. Cetera Investment Advisers now owns 31,395 shares of the company's stock worth $6,048,000 after purchasing an additional 28,240 shares during the last quarter. Cetera Advisors LLC increased its stake in shares of Zscaler by 146.7% during the 1st quarter. Cetera Advisors LLC now owns 8,079 shares of the company's stock worth $1,556,000 after purchasing an additional 4,804 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Zscaler by 21.3% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company's stock worth $73,000 after purchasing an additional 67 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on ZS. Citigroup upped their price target on shares of Zscaler from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. increased their target price 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. Loop Capital decreased their target price on shares of Zscaler from $200.00 to $195.00 and set a "hold" rating on the stock in a research report on Tuesday. Stifel Nicolaus increased their target price on shares of Zscaler from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Finally, Morgan Stanley decreased their target price on shares of Zscaler from $215.00 to $205.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $224.84.

Zscaler Trading Up 3.9 %

Shares of NASDAQ:ZS traded up $7.72 during trading on Wednesday, reaching $206.36. The company had a trading volume of 3,582,598 shares, compared to its average volume of 2,055,538. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The stock has a market capitalization of $31.66 billion, a P/E ratio of -834.32 and a beta of 0.82. The company has a fifty day moving average of $191.28 and a two-hundred day moving average of $185.15.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.14. The business had revenue of $628.00 million during 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 0.80%. The firm's revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.18) EPS. As a group, equities research analysts predict that Zscaler, Inc. will post -0.95 earnings per share for the current year.

Insider Buying and Selling at Zscaler

In related news, CFO Remo Canessa sold 8,455 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $1,448,172.40. Following the transaction, the chief financial officer now owns 231,793 shares of the company's stock, valued at approximately $39,701,505.04. This trade represents a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael J. Rich sold 4,813 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $824,370.64. Following the completion of the transaction, the insider now directly owns 103,259 shares in the company, valued at approximately $17,686,201.52. The trade was a 4.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,502 shares of company stock worth $5,256,651. 18.10% of the stock is owned by corporate insiders.

About Zscaler

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.