bLong Financial LLC Takes Position in Zscaler, Inc. (NASDAQ:ZS)

bLong Financial LLC acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,915 shares of the company's stock, valued at approximately $345,000.

A number of other institutional investors also recently bought and sold shares of ZS. Rhumbline Advisers grew its position in shares of Zscaler by 0.5% during the 4th quarter. Rhumbline Advisers now owns 128,579 shares of the company's stock valued at $23,197,000 after acquiring an additional 629 shares during the period. Asset Management One Co. Ltd. grew its holdings in Zscaler by 0.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 77,298 shares of the company's stock valued at $14,266,000 after purchasing an additional 432 shares during the period. Van ECK Associates Corp increased its position in Zscaler by 92.7% in the fourth quarter. Van ECK Associates Corp now owns 29,051 shares of the company's stock worth $5,241,000 after buying an additional 13,978 shares in the last quarter. Weatherly Asset Management L. P. raised its stake in shares of Zscaler by 35.1% in the fourth quarter. Weatherly Asset Management L. P. now owns 12,740 shares of the company's stock worth $2,298,000 after buying an additional 3,310 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in shares of Zscaler in the fourth quarter worth approximately $29,000. Institutional investors own 46.45% of the company's stock.

Wall Street Analyst Weigh In

ZS has been the subject of a number of recent analyst reports. Mizuho upped their price objective on Zscaler from $210.00 to $225.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Scotiabank upped their price target on shares of Zscaler from $205.00 to $225.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. Barclays lifted their price objective on shares of Zscaler from $200.00 to $220.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Jefferies Financial Group upped their target price on shares of Zscaler from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, BTIG Research boosted their price objective on Zscaler from $205.00 to $238.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat, Zscaler presently has a consensus rating of "Moderate Buy" and a consensus price target of $225.63.

Zscaler Stock Down 1.0 %

ZS stock traded down $2.20 during trading on Wednesday, hitting $214.67. 1,613,801 shares of the company's stock traded hands, compared to its average volume of 1,484,273. The firm has a market capitalization of $32.94 billion, a P/E ratio of -858.68 and a beta of 0.89. The business has a fifty day simple moving average of $195.36 and a two-hundred day simple moving average of $190.19. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $251.94.

Zscaler (NASDAQ:ZS - Get Free Report) last released its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.14. The company 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 0.75%. Zscaler's revenue for the quarter was up 26.4% on a year-over-year basis. During the same period last year, the business earned ($0.18) EPS. On average, equities research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Remo Canessa sold 3,703 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 220,635 shares in the company, valued at $44,197,603.20. This trade represents a 1.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Syam Nair sold 3,682 shares of the business'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 $737,578.24. Following the completion of the sale, the insider now directly owns 142,866 shares of the company's stock, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is owned by 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.