Zscaler, Inc. (NASDAQ:ZS) Position Increased by Stifel Financial Corp

Stifel Financial Corp lifted its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 21.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,201 shares of the company's stock after buying an additional 18,350 shares during the quarter. Stifel Financial Corp owned about 0.07% of Zscaler worth $17,641,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ZS. Quest Partners LLC acquired a new position in Zscaler during the second quarter worth approximately $28,000. True Wealth Design LLC increased its holdings in shares of Zscaler by 18,500.0% in the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company's stock valued at $32,000 after acquiring an additional 185 shares during the period. Asset Dedication LLC raised its position in Zscaler by 436.8% in the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company's stock valued at $39,000 after purchasing an additional 166 shares during the last quarter. American Capital Advisory LLC acquired a new stake in Zscaler during the 2nd quarter worth $50,000. Finally, Quarry LP grew its position in Zscaler by 613.0% during the 2nd quarter. Quarry LP now owns 385 shares of the company's stock worth $74,000 after purchasing an additional 331 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ZS. Oppenheimer increased their target price 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. Loop Capital cut their price target on Zscaler from $200.00 to $195.00 and set a "hold" rating for the company in a research note on Tuesday, December 3rd. BMO Capital Markets increased their price target on Zscaler from $197.00 to $222.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Scotiabank boosted their price objective on shares of Zscaler from $195.00 to $205.00 and gave the company a "sector outperform" rating in a research note on Tuesday, December 3rd. Finally, KeyCorp lifted their target price on shares of Zscaler from $245.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. Eleven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Zscaler currently has a consensus rating of "Moderate Buy" and a consensus target price of $224.84.

Insider Buying and Selling

In other news, insider Robert Schlossman sold 1,435 shares of the company'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 completion of the sale, the insider now owns 105,806 shares of the company's stock, valued at $19,224,950.20. This represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew William Fraser Brown sold 8,000 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $174.10, for a total value of $1,392,800.00. Following the completion of the transaction, the director now owns 25,907 shares of the company's stock, valued at approximately $4,510,408.70. This represents a 23.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,502 shares of company stock valued at $5,256,651. 18.10% of the stock is currently owned by corporate insiders.

Zscaler Trading Down 2.3 %

ZS traded down $4.74 during trading on Tuesday, hitting $201.39. The company's stock had a trading volume of 1,622,669 shares, compared to its average volume of 2,056,047. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $259.61. The firm's 50 day moving average price is $194.18 and its 200-day moving average price is $186.04.

Zscaler (NASDAQ:ZS - Get Free Report) last released its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The firm had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. During the same period in the prior year, the firm posted ($0.18) earnings per share. The business's quarterly revenue was up 26.4% compared to the same quarter last year. As a group, analysts forecast that Zscaler, Inc. will post -0.31 EPS for the current year.

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.