27,499 Shares in Zscaler, Inc. (NASDAQ:ZS) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Zscaler, Inc. (NASDAQ:ZS - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,499 shares of the company's stock, valued at approximately $4,701,000.

Several other large investors have also modified their holdings of ZS. Quest Partners LLC acquired a new stake in Zscaler during the second quarter worth $28,000. Asset Dedication LLC boosted its position in shares of Zscaler by 436.8% during the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company's stock valued at $39,000 after acquiring an additional 166 shares in the last quarter. American Capital Advisory LLC bought a new stake in Zscaler in the second quarter valued at about $50,000. GAMMA Investing LLC raised its position in Zscaler by 21.3% in the second quarter. GAMMA Investing LLC now owns 382 shares of the company's stock worth $73,000 after purchasing an additional 67 shares in the last quarter. Finally, Quarry LP lifted its stake in Zscaler by 613.0% during the second quarter. Quarry LP now owns 385 shares of the company's stock worth $74,000 after purchasing an additional 331 shares during the period. 46.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Robert Schlossman sold 1,435 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the transaction, the insider now directly owns 105,806 shares in the company, valued at approximately $19,224,950.20. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $488,490.56. Following the transaction, the chief executive officer now owns 361,432 shares in the company, valued at $61,906,072.96. The trade was a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock worth $5,256,651 over the last ninety days. 19.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ZS shares. Bank of America lowered Zscaler from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $265.00 to $195.00 in a research note on Wednesday, September 4th. Susquehanna reissued a "positive" rating and set a $210.00 price objective on shares of Zscaler in a report on Thursday, September 5th. Robert W. Baird reduced their target price on shares of Zscaler from $260.00 to $225.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 4th. Stifel Nicolaus increased their price target on shares of Zscaler from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Finally, Needham & Company LLC reduced their price objective on Zscaler from $290.00 to $235.00 and set a "strong-buy" rating on the stock in a report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $217.18.

Zscaler Stock Performance

NASDAQ:ZS traded down $3.42 on Wednesday, hitting $200.94. The stock had a trading volume of 1,211,662 shares, compared to its average volume of 2,020,163. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $259.61. The firm's fifty day simple moving average is $184.86 and its two-hundred day simple moving average is $183.16. The stock has a market cap of $30.64 billion, a P/E ratio of -502.34 and a beta of 0.82.

Zscaler (NASDAQ:ZS - Get Free Report) last released its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.09. The firm had revenue of $592.90 million for the quarter, compared to analysts' expectations of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The company's quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.17) earnings per share. Equities research analysts predict that Zscaler, Inc. will post -0.95 EPS for the current 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.