Stanley Laman Group Ltd. Lowers Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Stanley Laman Group Ltd. reduced its holdings in Zscaler, Inc. (NASDAQ:ZS) by 12.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,853 shares of the company’s stock after selling 3,304 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Zscaler were worth $4,123,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fred Alger Management LLC lifted its holdings in shares of Zscaler by 1,151.0% in the 3rd quarter. Fred Alger Management LLC now owns 10,371 shares of the company’s stock valued at $1,773,000 after buying an additional 9,542 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Zscaler by 7.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company’s stock valued at $37,495,000 after buying an additional 14,701 shares during the period. Creative Planning raised its holdings in Zscaler by 7.6% during the third quarter. Creative Planning now owns 148,534 shares of the company’s stock worth $25,390,000 after purchasing an additional 10,551 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Zscaler by 11.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock worth $65,036,000 after purchasing an additional 37,801 shares during the last quarter. Finally, Zweig DiMenna Associates LLC raised its holdings in Zscaler by 29.8% during the fourth quarter. Zweig DiMenna Associates LLC now owns 77,941 shares of the company’s stock worth $14,061,000 after purchasing an additional 17,900 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Price Performance

ZS stock opened at $211.14 on Thursday. The stock has a 50-day moving average price of $194.59 and a two-hundred day moving average price of $188.86. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $255.00.

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

Insiders Place Their Bets

In related news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $573,516.16. Following the transaction, the chief executive officer now owns 358,569 shares in the company, valued at approximately $71,828,542.08. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the completion of the transaction, the chief financial officer now owns 220,635 shares in the company, valued at approximately $44,197,603.20. This trade represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,248 shares of company stock worth $2,052,879 over the last quarter. 18.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ZS has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Loop Capital reduced their price objective on Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a report on Tuesday, December 3rd. Guggenheim reaffirmed a “neutral” rating on shares of Zscaler in a report on Tuesday, December 3rd. Wells Fargo & Company lifted their price objective on Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Finally, Barclays lifted their price objective on Zscaler from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and an average target price of $225.63.

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.