Exane Asset Management Buys Shares of 20,820 Zscaler, Inc. (NASDAQ:ZS)

Exane Asset Management purchased a new position in Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,820 shares of the company’s stock, valued at approximately $3,889,000. Zscaler comprises about 2.2% of Exane Asset Management’s holdings, making the stock its 13th biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of the business. KRS Capital Management LLC lifted its stake in Zscaler by 1.9% in the fourth quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock valued at $588,000 after buying an additional 60 shares during the last quarter. GAMMA Investing LLC lifted its position in Zscaler by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock valued at $81,000 after purchasing an additional 70 shares during the last quarter. Avior Wealth Management LLC boosted its stake in Zscaler by 50.7% during the 4th quarter. Avior Wealth Management LLC now owns 214 shares of the company’s stock valued at $39,000 after purchasing an additional 72 shares during the period. Choreo LLC grew its position 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 purchasing an additional 73 shares during the last quarter. Finally, Valley Brook Capital Group Inc. increased its stake in shares of Zscaler by 4.0% in the third quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock valued at $337,000 after purchasing an additional 75 shares during the period. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Stock Up 0.6 %

Shares of Zscaler stock opened at $205.53 on Friday. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The business has a fifty day simple moving average of $194.20 and a 200-day simple moving average of $188.27.

Zscaler (NASDAQ:ZS) last released its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.14. The company had revenue of $628.00 million for the quarter, compared to analysts’ expectations of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.18) EPS. As a group, equities research analysts expect that Zscaler, Inc. will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ZS. Stifel Nicolaus boosted their price objective on Zscaler from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Barclays boosted their price target on Zscaler from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Jefferies Financial Group raised their price target on Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. BMO Capital Markets upped their price objective on shares of Zscaler from $197.00 to $222.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $225.47.

Insiders Place Their Bets

In related news, CFO Remo Canessa sold 3,703 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the transaction, the chief financial officer now owns 220,635 shares in the company, valued at approximately $44,197,603.20. This represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the sale, the insider now owns 142,866 shares of the company’s stock, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,248 shares of company stock worth $2,052,879 in the last quarter. 18.10% of the stock is currently owned by corporate insiders.

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.