Sheaff Brock Investment Advisors LLC Has $686,000 Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Sheaff Brock Investment Advisors LLC grew its holdings in Zscaler, Inc. (NASDAQ:ZS) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,011 shares of the company’s stock after buying an additional 96 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Zscaler were worth $686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZS. EverSource Wealth Advisors LLC increased its position in Zscaler by 8.6% in the second quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company’s stock worth $149,000 after purchasing an additional 66 shares during the period. GAMMA Investing LLC increased its position in Zscaler by 21.3% in the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after purchasing an additional 67 shares during the period. American Trust increased its position in Zscaler by 6.1% in the second quarter. American Trust now owns 1,210 shares of the company’s stock worth $233,000 after purchasing an additional 70 shares during the period. Valley Brook Capital Group Inc. increased its position in Zscaler by 4.0% in the third quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock worth $337,000 after purchasing an additional 75 shares during the period. Finally, Swedbank AB increased its position in Zscaler by 0.8% in the second quarter. Swedbank AB now owns 9,036 shares of the company’s stock worth $1,737,000 after purchasing an additional 76 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zscaler news, Director Andrew William Fraser Brown sold 8,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $174.10, for a total value 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 $4,510,408.70. This trade represents a 23.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Schlossman sold 1,435 shares of the firm’s stock in a transaction on 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 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. Over the last three months, insiders have sold 30,502 shares of company stock worth $5,256,651. 19.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Rosenblatt Securities restated a “neutral” rating and set a $190.00 target price on shares of Zscaler in a research report on Wednesday, September 4th. UBS Group decreased their target price on Zscaler from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Raymond James assumed coverage on Zscaler in a research report on Tuesday, July 23rd. They set a “market perform” rating for the company. Loop Capital decreased their target price on Zscaler from $180.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, Barclays cut their price objective on 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and an average price target of $217.18.

Zscaler Price Performance

NASDAQ ZS opened at $201.47 on Friday. The business has a 50 day simple moving average of $182.23 and a 200 day simple moving average of $182.52. Zscaler, Inc. has a one year low of $153.45 and a one year high of $259.61. The stock has a market capitalization of $30.72 billion, a P/E ratio of -503.66 and a beta of 0.82.

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