Everence Capital Management Inc. Purchases New Holdings in Zscaler, Inc. (NASDAQ:ZS)

Everence Capital Management Inc. acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,130 shares of the company's stock, valued at approximately $565,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Modus Advisors LLC purchased a new position in Zscaler in the 4th quarter valued at about $36,000. GAMMA Investing LLC raised its position in shares of Zscaler by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 448 shares of the company's stock valued at $81,000 after buying an additional 70 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Zscaler by 136.8% during 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 period. Tidal Investments LLC boosted its position in Zscaler by 278.9% during the third quarter. Tidal Investments LLC now owns 34,098 shares of the company's stock worth $5,829,000 after acquiring an additional 25,099 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Zscaler in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 46.45% of the company's stock.

Zscaler Stock Performance

Shares of Zscaler stock traded up $4.18 during trading on Friday, hitting $185.84. 1,051,626 shares of the stock were exchanged, compared to its average volume of 953,463. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The stock's fifty day moving average is $196.66 and its 200 day moving average is $188.01. The stock has a market cap of $28.52 billion, a PE ratio of -743.36 and a beta of 0.87.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.63 by $0.14. The firm 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 quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.18) EPS. Sell-side analysts anticipate that Zscaler, Inc. will post -0.24 EPS for the current fiscal year.

Insider Buying and Selling at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the transaction, the chief executive officer now directly owns 358,569 shares of the company's stock, valued at $71,828,542.08. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Schlossman sold 1,435 shares of the company's stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the sale, the insider now directly owns 105,806 shares of the company's stock, valued at $19,224,950.20. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,683 shares of company stock valued at $2,313,619. Company insiders own 18.10% of the company's stock.

Analyst Ratings Changes

ZS has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price target on Zscaler from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. 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 research report on Wednesday, December 4th. Stifel Nicolaus lifted their price target on Zscaler from $220.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, November 14th. KeyCorp increased their price objective on shares of Zscaler from $245.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $240.00 target price on shares of Zscaler in a research report on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $224.84.

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.