Livforsakringsbolaget Skandia Omsesidigt Raises Position in Zscaler, Inc. (NASDAQ:ZS)

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Zscaler, Inc. (NASDAQ:ZS) by 109.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 209 shares of the company’s stock after buying an additional 109 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Zscaler were worth $46,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in shares of Zscaler during the 1st quarter worth $168,365,000. Norges Bank purchased a new stake in shares of Zscaler during the 4th quarter worth $59,634,000. Polar Capital Holdings Plc purchased a new stake in shares of Zscaler during the 3rd quarter worth $61,681,000. Whale Rock Capital Management LLC lifted its position in shares of Zscaler by 71.4% during the 2nd quarter. Whale Rock Capital Management LLC now owns 776,972 shares of the company’s stock worth $113,671,000 after purchasing an additional 323,719 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Zscaler by 19,012.4% during the 4th quarter. International Assets Investment Management LLC now owns 223,997 shares of the company’s stock worth $49,629,000 after purchasing an additional 222,825 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling

In other Zscaler news, CFO Remo Canessa sold 7,707 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $1,488,607.05. Following the sale, the chief financial officer now owns 255,943 shares of the company’s stock, valued at $49,435,390.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Zscaler news, CFO Remo Canessa sold 7,707 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $1,488,607.05. Following the sale, the chief financial officer now owns 255,943 shares of the company’s stock, valued at $49,435,390.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Blasing sold 7,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total transaction of $1,756,300.00. Following the completion of the sale, the director now directly owns 40,372 shares in the company, valued at approximately $10,129,334.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,715 shares of company stock valued at $5,865,882. Corporate insiders own 19.20% of the company’s stock.

Analysts Set New Price Targets

ZS has been the subject of several recent analyst reports. Macquarie reaffirmed an “outperform” rating and set a $245.00 price objective on shares of Zscaler in a research report on Tuesday, March 19th. Robert W. Baird lifted their price target on shares of Zscaler from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Cantor Fitzgerald reiterated a “neutral” rating and set a $230.00 price target on shares of Zscaler in a research note on Wednesday. Truist Financial reiterated a “buy” rating and set a $260.00 price target on shares of Zscaler in a research note on Monday, April 1st. Finally, The Goldman Sachs Group lifted their price target on shares of Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Five research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $230.24.

Zscaler Stock Down 2.2 %

ZS stock opened at $169.21 on Friday. The company has a market cap of $25.36 billion, a P/E ratio of -178.12 and a beta of 0.80. Zscaler, Inc. has a 52 week low of $84.93 and a 52 week high of $259.61. The company’s 50-day moving average price is $206.08 and its 200 day moving average price is $202.66. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. The firm had revenue of $525.00 million for the quarter, compared to the consensus estimate of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. On average, research analysts expect that Zscaler, Inc. will post -0.81 earnings per share 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.