MBM Wealth Consultants LLC Invests $371,000 in Zscaler, Inc. (NASDAQ:ZS)

MBM Wealth Consultants LLC bought a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,040 shares of the company's stock, valued at approximately $371,000.

Other institutional investors have also bought and sold shares of the company. Champlain Investment Partners LLC raised its stake in shares of Zscaler by 28.2% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company's stock worth $220,401,000 after purchasing an additional 283,540 shares during the period. International Assets Investment Management LLC boosted its stake in Zscaler by 13,498.6% in the third quarter. International Assets Investment Management LLC now owns 285,299 shares of the company's stock valued at $48,769,000 after acquiring an additional 283,201 shares during the last quarter. GuoLine Advisory Pte Ltd bought a new position in shares of Zscaler during the 3rd quarter valued at approximately $32,660,000. Westfield Capital Management Co. LP increased its stake in shares of Zscaler by 33.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company's stock worth $68,293,000 after purchasing an additional 100,814 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Zscaler by 59.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company's stock worth $34,421,000 after purchasing an additional 71,297 shares during the period. Institutional investors own 46.45% of the company's stock.

Zscaler Stock Up 2.3 %

Shares of ZS opened at $191.81 on Wednesday. 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 $195.86 and its 200-day moving average price is $187.84.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (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 analyst estimates of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business's revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.18) EPS. Sell-side analysts anticipate that Zscaler, Inc. will post -0.16 earnings per share for the current year.

Insider Buying and Selling

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the completion of the transaction, the chief executive officer now directly owns 358,569 shares of the company's stock, valued at approximately $71,828,542.08. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Syam Nair sold 3,682 shares of the 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 $737,578.24. Following the sale, the insider now owns 142,866 shares in the company, 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. Insiders sold a total of 10,248 shares of company stock worth $2,052,879 in the last three months. 18.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ZS. JPMorgan Chase & Co. upped their price target on shares of Zscaler from $220.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $230.00 target price on shares of Zscaler in a report on Tuesday, December 3rd. Oppenheimer raised their price objective on shares of Zscaler from $230.00 to $250.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Barclays boosted their target price on Zscaler from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Finally, Citigroup raised their target price on shares of Zscaler from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $225.47.

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.

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