Arthur M. Cohen & Associates LLC Sells 3,951 Shares of Zscaler, Inc. (NASDAQ:ZS)

Arthur M. Cohen & Associates LLC decreased its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 57.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,900 shares of the company's stock after selling 3,951 shares during the quarter. Arthur M. Cohen & Associates LLC's holdings in Zscaler were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ZS. Quest Partners LLC bought a new stake in shares of Zscaler during the second quarter valued at approximately $28,000. Prestige Wealth Management Group LLC purchased a new position in Zscaler during the third quarter valued at $31,000. True Wealth Design LLC boosted its holdings 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 grew its position in shares of Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $32,000 after buying an additional 104 shares during the period. Finally, Modus Advisors LLC purchased a new stake in shares of Zscaler in the 4th quarter worth about $36,000. Institutional investors own 46.45% of the company's stock.

Insider Buying and Selling

In other news, insider Syam Nair sold 3,682 shares of the business's stock in a transaction 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 completion of the sale, the insider now directly owns 142,866 shares of the company's stock, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Remo Canessa sold 3,703 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 transaction of $741,784.96. Following the sale, the chief financial officer now owns 220,635 shares of the company's stock, valued at $44,197,603.20. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,248 shares of company stock valued at $2,052,879. Company insiders own 18.10% of the company's stock.

Zscaler Stock Performance

Shares of ZS traded up $0.03 during mid-day trading on Friday, hitting $187.58. 1,303,200 shares of the stock were exchanged, compared to its average volume of 1,444,462. The company has a market cap of $28.78 billion, a PE ratio of -750.32 and a beta of 0.87. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $259.61. The firm has a 50-day moving average of $196.44 and a two-hundred day moving average of $187.99.

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, beating analysts' consensus estimates of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. During the same quarter last year, the firm earned ($0.18) EPS. The firm's revenue for the quarter was up 26.4% compared to the same quarter last year. On average, sell-side analysts predict that Zscaler, Inc. will post -0.16 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Oppenheimer raised their price objective on Zscaler from $230.00 to $250.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Needham & Company LLC restated a "buy" rating and set a $240.00 price objective on shares of Zscaler in a research note on Friday, January 10th. BNP Paribas initiated coverage on shares of Zscaler in a report on Tuesday, October 8th. They set a "neutral" rating and a $180.00 price target on the stock. JMP Securities restated a "market outperform" rating and issued a $240.00 price objective (down from $270.00) on shares of Zscaler in a report on Tuesday, December 3rd. Finally, BTIG Research lifted their target price on Zscaler from $205.00 to $238.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Eleven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Zscaler has an average rating of "Moderate Buy" and a consensus target price of $224.84.

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.