Burney Co. Trims Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Burney Co. reduced its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 92.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,915 shares of the company's stock after selling 35,177 shares during the quarter. Burney Co.'s holdings in Zscaler were worth $526,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Quest Partners LLC acquired a new position in Zscaler during the second quarter worth about $28,000. Prestige Wealth Management Group LLC acquired a new position in Zscaler during the 3rd quarter worth approximately $31,000. True Wealth Design LLC lifted its stake in Zscaler by 18,500.0% in the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company's stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Versant Capital Management Inc boosted its position in Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $32,000 after buying an additional 104 shares in the last quarter. Finally, Modus Advisors LLC bought a new stake in shares of Zscaler during the fourth quarter worth $36,000. Institutional investors and hedge funds own 46.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Zscaler from $225.00 to $245.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Needham & Company LLC reissued a "buy" rating and issued a $240.00 price target on shares of Zscaler in a research note on Friday, January 10th. Cantor Fitzgerald raised shares of Zscaler to a "hold" rating in a research report on Monday, November 18th. Wells Fargo & Company increased their target price on Zscaler from $180.00 to $190.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 4th. Finally, Loop Capital decreased their price target on shares of Zscaler from $200.00 to $195.00 and set a "hold" rating for the company in a research note on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $224.84.

Zscaler Trading Up 0.0 %

Shares of Zscaler stock traded up $0.03 on Friday, hitting $187.58. 1,303,200 shares of the company traded hands, compared to its average volume of 1,444,462. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $259.61. The company has a market cap of $28.78 billion, a P/E ratio of -750.32 and a beta of 0.87. The firm's 50-day simple moving average is $196.44 and its 200 day simple moving average is $188.12.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 0.75% and a negative net margin of 1.58%. Zscaler's revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.18) EPS. Analysts predict that Zscaler, Inc. will post -0.16 earnings per share for the current year.

Insider Transactions at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the firm's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares of the company's stock, valued at $71,828,542.08. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Syam Nair sold 3,682 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 142,866 shares of the company's stock, valued at $28,618,917.12. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,248 shares of company stock worth $2,052,879. Company insiders own 18.10% of the company's stock.

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.