SYM FINANCIAL Corp Acquires Shares of 1,678 Zscaler, Inc. (NASDAQ:ZS)

SYM FINANCIAL Corp bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,678 shares of the company's stock, valued at approximately $303,000.

Other hedge funds also recently bought and sold shares of the company. Prestige Wealth Management Group LLC bought a new position in Zscaler in the 3rd quarter worth about $31,000. True Wealth Design LLC lifted its position in shares of Zscaler by 18,500.0% during the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company's stock valued at $32,000 after buying an additional 185 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $32,000 after purchasing an additional 104 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of Zscaler in the fourth quarter valued at about $36,000. Finally, Crews Bank & Trust purchased a new stake in Zscaler during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 46.45% of the company's stock.

Zscaler Stock Up 0.6 %

ZS stock traded up $1.26 during midday trading on Wednesday, hitting $204.99. The company's stock had a trading volume of 1,244,115 shares, compared to its average volume of 1,432,189. The firm has a market capitalization of $31.45 billion, a P/E ratio of -819.96 and a beta of 0.89. The firm has a 50-day simple moving average of $194.24 and a 200-day simple moving average of $187.92. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $259.61.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.63 by $0.14. The firm had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. Zscaler's revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period last year, the business earned ($0.18) EPS. On average, sell-side analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Zscaler from $220.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Deutsche Bank Aktiengesellschaft increased their price objective on Zscaler from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Barclays lifted their price objective on shares of Zscaler from $200.00 to $220.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Wells Fargo & Company lifted their price objective on shares of Zscaler from $180.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley cut their price objective on shares of Zscaler from $215.00 to $205.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 3rd. Eleven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $225.47.

Insider Activity at Zscaler

In other Zscaler news, CFO Remo Canessa sold 3,703 shares of the 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 owns 220,635 shares in the company, valued at approximately $44,197,603.20. This represents a 1.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the sale, the insider now owns 142,866 shares of the company's stock, valued at approximately $28,618,917.12. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,248 shares of company stock worth $2,052,879 in the last three months. Insiders own 18.10% of the company's stock.

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.