International Assets Investment Management LLC Raises Stake in Zscaler, Inc. (NASDAQ:ZS)

International Assets Investment Management LLC grew its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 13,498.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 285,299 shares of the company's stock after buying an additional 283,201 shares during the period. International Assets Investment Management LLC owned 0.19% of Zscaler worth $48,769,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in Zscaler in the first quarter valued at about $47,217,000. GuoLine Advisory Pte Ltd purchased a new position in Zscaler during the third quarter valued at approximately $32,660,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Zscaler during the 1st quarter worth approximately $27,954,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Zscaler during the 2nd quarter valued at approximately $25,287,000. Finally, Vanguard Group Inc. lifted its stake in shares of Zscaler by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 8,961,774 shares of the company's stock valued at $1,726,307,000 after purchasing an additional 118,002 shares during the period. Institutional investors own 46.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Susquehanna reaffirmed a "positive" rating and issued a $210.00 price target on shares of Zscaler in a report on Thursday, September 5th. Piper Sandler dropped their target price on shares of Zscaler from $255.00 to $215.00 and set an "overweight" rating for the company in a report on Wednesday, September 4th. UBS Group cut their price target on Zscaler from $270.00 to $250.00 and set a "buy" rating for the company in a report on Wednesday, September 4th. BTIG Research cut their price objective on shares of Zscaler from $220.00 to $205.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. Finally, Oppenheimer decreased their target price on shares of Zscaler from $260.00 to $230.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 4th. Ten analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $216.73.

Zscaler Price Performance

Shares of ZS traded up $2.04 during mid-day trading on Monday, reaching $187.00. The company's stock had a trading volume of 904,456 shares, compared to its average volume of 2,069,050. The company's 50 day moving average is $180.90 and its 200 day moving average is $180.68. Zscaler, Inc. has a 12-month low of $152.60 and a 12-month high of $259.61. The stock has a market cap of $28.26 billion, a PE ratio of -366.12 and a beta of 0.82.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.09. The firm had revenue of $592.90 million during the quarter, compared to analysts' expectations of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. Zscaler's quarterly revenue was up 30.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.17) earnings per share. As a group, sell-side analysts anticipate that Zscaler, Inc. will post -0.95 EPS for the current fiscal year.

Insider Transactions at Zscaler

In related news, insider Robert Schlossman sold 4,947 shares of the firm's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $170.22, for a total value of $842,078.34. Following the completion of the sale, the insider now owns 107,241 shares in the company, valued at $18,254,563.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Zscaler news, insider Robert Schlossman sold 4,947 shares of the business's stock in a transaction on Monday, September 30th. The stock was sold at an average price of $170.22, for a total transaction of $842,078.34. Following the sale, the insider now directly owns 107,241 shares in the company, valued at approximately $18,254,563.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Remo Canessa sold 8,455 shares of the firm's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $1,448,172.40. Following the completion of the transaction, the chief financial officer now owns 231,793 shares of the company's stock, valued at approximately $39,701,505.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 30,502 shares of company stock valued at $5,256,651. Corporate insiders own 19.20% of the company's stock.

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.