Curi RMB Capital LLC Purchases 2,862 Shares of Zscaler, Inc. (NASDAQ:ZS)

Curi RMB Capital LLC grew its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 13.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,559 shares of the company's stock after purchasing an additional 2,862 shares during the quarter. Curi RMB Capital LLC's holdings in Zscaler were worth $4,198,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System raised its holdings in shares of Zscaler by 6.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 103,937 shares of the company's stock worth $20,021,000 after buying an additional 6,683 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Zscaler by 9.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 116,691 shares of the company's stock valued at $22,478,000 after purchasing an additional 9,689 shares during the period. DekaBank Deutsche Girozentrale grew its position in Zscaler by 7.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company's stock valued at $37,495,000 after purchasing an additional 14,701 shares in the last quarter. Creative Planning grew its stake in Zscaler by 7.6% in the third quarter. Creative Planning now owns 148,534 shares of the company's stock valued at $25,390,000 after purchasing an additional 10,551 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Zscaler in the second quarter valued at $25,287,000. Institutional investors own 46.45% of the company's stock.

Insider Buying and Selling

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 361,432 shares of the company's stock, valued at $61,906,072.96. This represents a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Schlossman sold 1,435 shares of the business's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the sale, the insider now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 30,502 shares of company stock valued at $5,256,651. 19.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ZS shares. BNP Paribas started coverage on shares of Zscaler in a research note on Tuesday, October 8th. They issued a "neutral" rating and a $180.00 price target on the stock. Wedbush lowered their price objective on Zscaler from $260.00 to $220.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 4th. Susquehanna restated a "positive" rating and issued a $210.00 price target on shares of Zscaler in a research note on Thursday, September 5th. Loop Capital cut their price objective on shares of Zscaler from $180.00 to $165.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. Finally, Barclays lowered their target price on shares of Zscaler from $230.00 to $200.00 and set an "overweight" rating on the stock in a report on Wednesday, September 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $217.18.

Zscaler Stock Down 3.4 %

ZS stock traded down $7.03 during mid-day trading on Friday, reaching $201.47. 1,346,897 shares of the company traded hands, compared to its average volume of 2,031,968. The firm's 50 day moving average price is $182.23 and its 200 day moving average price is $182.52. The stock has a market cap of $30.72 billion, a price-to-earnings ratio of -503.66 and a beta of 0.82. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61.

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

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.