Banque Cantonale Vaudoise Buys 6,736 Shares of Zscaler, Inc. (NASDAQ:ZS)

Banque Cantonale Vaudoise boosted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 40.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,469 shares of the company's stock after purchasing an additional 6,736 shares during the quarter. Banque Cantonale Vaudoise's holdings in Zscaler were worth $4,012,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Zscaler by 8.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company's stock worth $149,000 after acquiring an additional 66 shares in the last quarter. GAMMA Investing LLC increased its stake in Zscaler by 21.3% during the second quarter. GAMMA Investing LLC now owns 382 shares of the company's stock valued at $73,000 after purchasing an additional 67 shares during the last quarter. American Trust lifted its position in shares of Zscaler by 6.1% in the 2nd quarter. American Trust now owns 1,210 shares of the company's stock worth $233,000 after buying an additional 70 shares during the last quarter. Valley Brook Capital Group Inc. grew its position in shares of Zscaler by 4.0% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company's stock valued at $337,000 after buying an additional 75 shares during the last quarter. Finally, Swedbank AB lifted its holdings in Zscaler by 0.8% in the second quarter. Swedbank AB now owns 9,036 shares of the company's stock worth $1,737,000 after acquiring an additional 76 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Trading Down 1.7 %

ZS stock traded down $3.42 during mid-day trading 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 company has a fifty day moving average of $184.86 and a 200 day moving average of $183.16. The stock has a market capitalization of $30.64 billion, a price-to-earnings ratio of -502.34 and a beta of 0.82.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The company had revenue of $592.90 million for the quarter, compared to analyst estimates of $567.46 million. During the same quarter in the prior year, the business posted ($0.17) EPS. Zscaler's quarterly revenue was up 30.3% on a year-over-year basis. As a group, sell-side analysts expect that Zscaler, Inc. will post -0.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Cantor Fitzgerald upgraded Zscaler to a "hold" rating in a research report on Monday. Piper Sandler decreased their price target on Zscaler from $255.00 to $215.00 and set an "overweight" rating for the company in a research note on Wednesday, September 4th. Rosenblatt Securities reiterated a "neutral" rating and issued a $190.00 target price on shares of Zscaler in a research report on Wednesday, September 4th. Barclays reduced their price target on shares of Zscaler from $230.00 to $200.00 and set an "overweight" rating for the company in a research note on Wednesday, September 4th. Finally, Robert W. Baird lowered their price objective on shares of Zscaler from $260.00 to $225.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $217.18.

Insider Buying and Selling

In other Zscaler news, insider Robert Schlossman sold 4,947 shares of the firm's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $170.22, for a total value of $842,078.34. Following the sale, the insider now directly owns 107,241 shares in the company, valued at $18,254,563.02. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was 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 approximately $61,906,072.96. The trade was a 0.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock worth $5,256,651 in the last quarter. 19.20% of the stock is currently owned by company insiders.

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.