Ieq Capital LLC Has $9.10 Million Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Ieq Capital LLC increased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 1,439.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,457 shares of the company's stock after purchasing an additional 47,179 shares during the quarter. Ieq Capital LLC's holdings in Zscaler were worth $9,103,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KRS Capital Management LLC boosted its holdings in Zscaler by 1.9% in the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company's stock worth $588,000 after acquiring an additional 60 shares during the period. GAMMA Investing LLC boosted its holdings in Zscaler by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 448 shares of the company's stock worth $81,000 after acquiring an additional 70 shares during the period. Avior Wealth Management LLC boosted its holdings in Zscaler by 50.7% in the 4th quarter. Avior Wealth Management LLC now owns 214 shares of the company's stock worth $39,000 after acquiring an additional 72 shares during the period. Choreo LLC boosted its holdings in Zscaler by 2.6% in the 4th quarter. Choreo LLC now owns 2,833 shares of the company's stock worth $517,000 after acquiring an additional 73 shares during the period. Finally, Valley Brook Capital Group Inc. boosted its holdings in Zscaler by 4.0% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company's stock worth $337,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 46.45% of the company's stock.

Insider Activity

In related news, CFO Remo Canessa sold 3,703 shares of the firm's stock in a transaction dated 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 owns 220,635 shares of the company's stock, valued at $44,197,603.20. This trade represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Syam Nair sold 3,682 shares of the firm's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the transaction, the insider now directly owns 142,866 shares of the company's stock, valued at $28,618,917.12. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,248 shares of company stock valued at $2,052,879. Company insiders own 18.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JMP Securities restated a "market outperform" rating and issued a $240.00 price target (down previously from $270.00) on shares of Zscaler in a report on Tuesday, December 3rd. KeyCorp upped their price target on Zscaler from $245.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Oppenheimer increased their target price on Zscaler from $230.00 to $250.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Needham & Company LLC reiterated a "buy" rating and set a $240.00 target price on shares of Zscaler in a research note on Friday, January 10th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $230.00 target price on shares of Zscaler in a research note on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $226.56.

Zscaler Stock Down 4.1 %

NASDAQ ZS traded down $8.41 during trading hours on Friday, hitting $198.56. The company had a trading volume of 1,986,503 shares, compared to its average volume of 1,499,615. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $251.55. The business has a fifty day simple moving average of $195.38 and a 200-day simple moving average of $190.54. The firm has a market cap of $30.47 billion, a P/E ratio of -794.24 and a beta of 0.89.

Zscaler (NASDAQ:ZS - Get Free Report) last issued 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. The company had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The company's quarterly revenue was up 26.4% compared to the same quarter last year. During the same period last year, the company earned ($0.18) earnings per share. Equities analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Zscaler 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.