Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. reduced its holdings in Zscaler, Inc. (NASDAQ:ZS) by 14.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,157 shares of the company’s stock after selling 4,289 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Zscaler were worth $4,471,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its position in 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 valued at $20,021,000 after acquiring an additional 6,683 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Zscaler by 9.1% during 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. Wealthcare Advisory Partners LLC increased its position in shares of Zscaler by 40.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,438 shares of the company’s stock valued at $470,000 after purchasing an additional 696 shares during the period. Norden Group LLC acquired a new position in shares of Zscaler during the 1st quarter valued at $846,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Zscaler during the 1st quarter valued at $809,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Trading Down 1.0 %

ZS opened at $186.16 on Wednesday. The stock has a market cap of $28.14 billion, a price-to-earnings ratio of -365.02 and a beta of 0.82. Zscaler, Inc. has a 1 year low of $152.60 and a 1 year high of $259.61. The stock has a fifty day moving average price of $181.09 and a 200 day moving average price of $180.70.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $567.46 million. During the same quarter last year, the firm earned ($0.17) earnings per share. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. As a group, sell-side analysts forecast that Zscaler, Inc. will post -0.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZS. Bank of America cut Zscaler from a “buy” rating to a “neutral” rating and lowered their price target for the company from $265.00 to $195.00 in a research report on Wednesday, September 4th. Scotiabank lowered their price target on Zscaler from $210.00 to $195.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, September 4th. Citigroup lowered their price target on Zscaler from $240.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Loop Capital decreased their target price on Zscaler from $180.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, Susquehanna restated a “positive” rating and issued a $210.00 target price on shares of Zscaler in a report on Thursday, September 5th. Ten research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $216.73.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 1,435 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the transaction, the insider now directly owns 105,806 shares in the company, valued at $19,224,950.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of Zscaler stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $488,490.56. Following the transaction, the chief executive officer now directly owns 361,432 shares in the company, valued at approximately $61,906,072.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Schlossman sold 1,435 shares of Zscaler stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total value of $260,739.50. Following the completion of the transaction, the insider now owns 105,806 shares in the company, valued at $19,224,950.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock worth $5,256,651 over the last three months. Corporate insiders own 19.20% of the company’s stock.

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.