Baader Bank Aktiengesellschaft Has $1.52 Million Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Baader Bank Aktiengesellschaft raised its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 30.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,400 shares of the company's stock after purchasing an additional 1,952 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Zscaler were worth $1,515,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Prestige Wealth Management Group LLC acquired a new stake in shares of Zscaler in the third quarter valued at about $31,000. True Wealth Design LLC grew its stake in shares of Zscaler by 18,500.0% in the third 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 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 valued at $32,000 after buying an additional 104 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Zscaler in the fourth quarter valued at about $36,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Zscaler in the third quarter valued at about $38,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the transaction, the chief executive officer now directly owns 358,569 shares of the company's stock, valued at $71,828,542.08. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 220,635 shares in the company, valued at approximately $44,197,603.20. This trade represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,248 shares of company stock valued at $2,052,879 in the last quarter. Insiders own 18.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Citigroup increased their target price on Zscaler from $230.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Barclays raised their price objective on Zscaler from $200.00 to $220.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Cantor Fitzgerald upgraded Zscaler to a "hold" rating in a research note on Monday, November 18th. Jefferies Financial Group raised their price objective on Zscaler from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Scotiabank raised their price objective on Zscaler from $205.00 to $225.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $225.47.

Zscaler Price Performance

Shares of ZS traded up $1.99 during midday trading on Thursday, reaching $203.62. The stock had a trading volume of 467,629 shares, compared to its average volume of 1,474,719. The company has a market capitalization of $31.24 billion, a P/E ratio of -814.48 and a beta of 0.87. The firm's 50 day moving average price is $194.83 and its 200-day moving average price is $187.81. 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 earnings results on Monday, December 2nd. The company reported $0.77 earnings per share 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 business had revenue of $628.00 million during the quarter, compared to analysts' expectations of $605.51 million. During the same quarter last year, the business posted ($0.18) earnings per share. The company's quarterly revenue was up 26.4% on a year-over-year basis. On average, equities analysts forecast that Zscaler, Inc. will post -0.16 earnings per share 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.