Broderick Brian C Acquires 1,500 Shares of Zscaler, Inc. (NASDAQ:ZS)

Broderick Brian C grew its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 30.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,500 shares of the company’s stock after acquiring an additional 1,500 shares during the quarter. Broderick Brian C’s holdings in Zscaler were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Zscaler by 1.3% in the first quarter. Vanguard Group Inc. now owns 8,961,774 shares of the company’s stock worth $1,726,307,000 after purchasing an additional 118,002 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Zscaler by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 496,047 shares of the company’s stock valued at $95,335,000 after buying an additional 25,181 shares during the last quarter. Federated Hermes Inc. raised its holdings in Zscaler by 18.3% in the 2nd quarter. Federated Hermes Inc. now owns 394,698 shares of the company’s stock worth $75,857,000 after acquiring an additional 61,037 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Zscaler by 0.9% in the first quarter. Acadian Asset Management LLC now owns 336,197 shares of the company’s stock worth $64,744,000 after purchasing an additional 2,937 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its position in Zscaler by 14.4% in the second quarter. Ensign Peak Advisors Inc now owns 295,525 shares of the company’s stock worth $56,797,000 after buying an additional 37,137 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insiders Place Their Bets

In other news, Director Andrew William Fraser Brown sold 8,000 shares of Zscaler stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $174.10, for a total transaction of $1,392,800.00. Following the completion of the sale, the director now directly owns 25,907 shares of the company’s stock, valued at approximately $4,510,408.70. The trade was a 23.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Schlossman sold 1,435 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total value of $260,739.50. Following the sale, the insider now directly owns 105,806 shares of the company’s stock, valued at approximately $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 have sold 30,502 shares of company stock worth $5,256,651. Company insiders own 19.20% of the company’s stock.

Zscaler Trading Down 0.6 %

NASDAQ ZS opened at $208.50 on Friday. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The business’s 50-day moving average price is $181.34 and its two-hundred day moving average price is $182.36.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.09. The firm had revenue of $592.90 million during the quarter, compared to the consensus estimate of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.17) EPS. As a group, sell-side analysts anticipate that Zscaler, Inc. will post -0.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on ZS shares. Oppenheimer reduced their price objective on shares of Zscaler from $260.00 to $230.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Cantor Fitzgerald decreased their price target on Zscaler from $200.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. BNP Paribas initiated coverage on shares of Zscaler in a research report on Tuesday, October 8th. They set a “neutral” rating and a $180.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Zscaler in a report on Wednesday, September 4th. Finally, Barclays reduced their price target on Zscaler from $230.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $217.18.

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.