RPG Investment Advisory LLC Boosts Position in Zscaler, Inc. (NASDAQ:ZS)

RPG Investment Advisory LLC grew its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 8.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 45,763 shares of the company's stock after purchasing an additional 3,457 shares during the period. RPG Investment Advisory LLC's holdings in Zscaler were worth $7,823,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Zscaler by 8.6% during the second quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company's stock worth $149,000 after buying an additional 66 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Zscaler by 21.3% during the second quarter. GAMMA Investing LLC now owns 382 shares of the company's stock valued at $73,000 after acquiring an additional 67 shares during the last quarter. American Trust increased its holdings in Zscaler by 6.1% in the second quarter. American Trust now owns 1,210 shares of the company's stock valued at $233,000 after purchasing an additional 70 shares during the period. Valley Brook Capital Group Inc. increased its stake in shares of Zscaler by 4.0% in the third quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company's stock valued at $337,000 after buying an additional 75 shares during the period. Finally, Swedbank AB boosted its holdings in Zscaler by 0.8% in the second quarter. Swedbank AB now owns 9,036 shares of the company's stock valued at $1,737,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 46.45% of the company's stock.

Insider Transactions at Zscaler

In other Zscaler news, insider Robert Schlossman sold 1,435 shares of the firm's stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total value of $260,739.50. Following the transaction, the insider now directly owns 105,806 shares of the company's stock, valued at approximately $19,224,950.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $488,490.56. Following the completion of the transaction, the chief executive officer now owns 361,432 shares of the company's stock, valued at $61,906,072.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert Schlossman sold 1,435 shares of Zscaler stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total value of $260,739.50. Following the sale, the insider now directly owns 105,806 shares in the company, valued at $19,224,950.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,502 shares of company stock worth $5,256,651 over the last quarter. 19.20% of the stock is currently owned by insiders.

Zscaler Trading Up 2.3 %

Shares of ZS traded up $4.88 during trading hours on Wednesday, reaching $213.92. 1,930,117 shares of the company traded hands, compared to its average volume of 2,035,473. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The company's fifty day moving average price is $179.36 and its two-hundred day moving average price is $181.98.

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

Wall Street Analysts Forecast Growth

ZS has been the subject of several research analyst reports. Robert W. Baird lowered their price objective on shares of Zscaler from $260.00 to $225.00 and set an "outperform" rating for the company in a research note on Wednesday, September 4th. Needham & Company LLC decreased their target price on Zscaler from $290.00 to $235.00 and set a "strong-buy" rating for the company in a research report on Wednesday, September 4th. Citigroup decreased their price objective on Zscaler from $240.00 to $230.00 and set a "buy" rating for the company in a report on Friday, October 4th. UBS Group decreased their price target on shares of Zscaler from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. Finally, Mizuho lowered shares of Zscaler from an "outperform" rating to a "neutral" rating and set a $220.00 target price on the stock. in a report on Tuesday, July 16th. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $216.73.

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.