Lmcg Investments LLC Raises Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Lmcg Investments LLC boosted its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,845 shares of the company's stock after purchasing an additional 1,616 shares during the quarter. Lmcg Investments LLC's holdings in Zscaler were worth $2,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. KRS Capital Management LLC increased its holdings in shares of Zscaler by 1.9% in the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company's stock worth $588,000 after buying an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Zscaler by 8.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company's stock valued at $149,000 after purchasing an additional 66 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 purchasing an additional 70 shares during the period. GAMMA Investing LLC lifted its position in shares of Zscaler by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 448 shares of the company's stock worth $81,000 after purchasing an additional 70 shares during the period. Finally, Valley Brook Capital Group Inc. lifted its position in shares of Zscaler by 4.0% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company's stock worth $337,000 after purchasing an additional 75 shares during the period. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the company's stock in a transaction 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 sale, the chief executive officer now owns 358,569 shares of the company's stock, valued at $71,828,542.08. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of the company'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 $741,784.96. Following the sale, the chief financial officer now directly owns 220,635 shares of the company's stock, valued at $44,197,603.20. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is owned by corporate insiders.

Zscaler Trading Up 1.9 %

NASDAQ ZS traded up $3.65 on Tuesday, hitting $191.23. 410,818 shares of the company's stock traded hands, compared to its average volume of 1,417,385. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61. The firm's 50-day moving average price is $196.20 and its two-hundred day moving average price is $187.91. The firm has a market capitalization of $29.34 billion, a PE ratio of -766.13 and a beta of 0.87.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. The business 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%. The business's quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.18) EPS. On average, research analysts anticipate that Zscaler, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZS has been the subject of several research analyst reports. Scotiabank raised their target price on shares of Zscaler from $195.00 to $205.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, December 3rd. Oppenheimer boosted their price objective on shares of Zscaler from $230.00 to $250.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Morgan Stanley dropped their target price on shares of Zscaler from $215.00 to $205.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 3rd. BMO Capital Markets boosted their price objective on shares of Zscaler from $197.00 to $222.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of Zscaler from $180.00 to $190.00 and gave the company an "equal weight" rating in a report on Wednesday, December 4th. Eleven equities research 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, Zscaler presently has an average rating of "Moderate Buy" and a consensus price target of $224.84.

About Zscaler

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.