Empirical Asset Management LLC Takes Position in Zscaler, Inc. (NASDAQ:ZS)

Empirical Asset Management LLC purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 20,691 shares of the company's stock, valued at approximately $3,733,000.

A number of other hedge funds have also recently modified their holdings of ZS. Quest Partners LLC acquired a new stake in Zscaler during the second quarter worth $28,000. Prestige Wealth Management Group LLC acquired a new stake in shares of Zscaler during the 3rd quarter worth about $31,000. True Wealth Design LLC raised its holdings 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 buying an additional 185 shares during the period. Versant Capital Management Inc lifted 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 during the last quarter. Finally, Modus Advisors LLC purchased a new position in Zscaler during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 46.45% of the company's stock.

Insider Buying and Selling

In related news, CEO Jagtar Singh Chaudhry sold 2,863 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 transaction of $573,516.16. Following the completion of the transaction, the chief executive officer now owns 358,569 shares of the company's stock, valued at approximately $71,828,542.08. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Remo Canessa sold 3,703 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 $741,784.96. Following the completion of the transaction, the chief financial officer now owns 220,635 shares in the company, valued at approximately $44,197,603.20. This trade represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,248 shares of company stock worth $2,052,879. 18.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ZS shares. Loop Capital decreased their price objective on shares of Zscaler from $200.00 to $195.00 and set a "hold" rating on the stock in a report on Tuesday, December 3rd. JMP Securities restated a "market outperform" rating and issued a $240.00 price target (down previously from $270.00) on shares of Zscaler in a research note on Tuesday, December 3rd. Citigroup increased their price objective on Zscaler from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Oppenheimer boosted their target price on Zscaler from $230.00 to $250.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Finally, BNP Paribas assumed coverage on Zscaler in a research report on Tuesday, October 8th. They issued a "neutral" rating and a $180.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $224.84.

Zscaler Trading Up 0.0 %

Shares of NASDAQ:ZS traded up $0.03 on Friday, hitting $187.58. The company had a trading volume of 1,303,200 shares, compared to its average volume of 1,510,545. The company has a market cap of $28.78 billion, a PE ratio of -750.32 and a beta of 0.87. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $259.61. The business has a 50 day moving average of $196.44 and a 200 day moving average of $188.12.

Zscaler (NASDAQ:ZS - Get Free Report) last released its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) 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 analyst estimates of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm's quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.18) EPS. As a group, equities analysts predict that Zscaler, Inc. will post -0.16 EPS for the current year.

Zscaler Company 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.