3,965 Shares in Zscaler, Inc. $ZS Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in Zscaler, Inc. (NASDAQ:ZS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,965 shares of the company’s stock, valued at approximately $560,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Zscaler by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 11,423,424 shares of the company’s stock worth $2,569,357,000 after purchasing an additional 55,521 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Zscaler in the second quarter worth about $1,396,028,000. First Trust Advisors LP lifted its position in shares of Zscaler by 36.2% in the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock worth $493,635,000 after buying an additional 935,781 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Zscaler by 43.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company’s stock valued at $578,576,000 after buying an additional 777,414 shares during the last quarter. Finally, State Street Corp boosted its stake in Zscaler by 3.4% during the fourth quarter. State Street Corp now owns 2,337,604 shares of the company’s stock valued at $525,774,000 after buying an additional 77,800 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Robert Schlossman sold 3,146 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $397,748.78. Following the sale, the insider directly owned 69,366 shares of the company’s stock, valued at $8,769,943.38. This represents a 4.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of the sale, the insider directly owned 42,314 shares of the company’s stock, valued at approximately $5,187,696.40. The trade was a 6.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 16,269 shares of company stock valued at $2,052,589. 17.20% of the stock is currently owned by company insiders.

Zscaler Stock Performance

NASDAQ ZS opened at $176.06 on Tuesday. The business’s 50 day moving average price is $152.01 and its 200-day moving average price is $150.11. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The company has a market cap of $28.47 billion, a P/E ratio of -366.78, a P/E/G ratio of 106.97 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The company had revenue of $850.48 million during the quarter, compared to the consensus estimate of $835.14 million. During the same period last year, the company earned $0.84 earnings per share. Zscaler’s revenue was up 25.4% on a year-over-year basis. Sell-side analysts predict that Zscaler, Inc. will post 0.13 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $179.00 price objective on shares of Zscaler in a research note on Wednesday, May 27th. TD Cowen increased their target price on Zscaler from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Berenberg Bank set a $200.00 target price on shares of Zscaler in a report on Thursday, May 28th. Wolfe Research reaffirmed an “outperform” rating and set a $150.00 price target on shares of Zscaler in a research note on Thursday, June 11th. Finally, Sanford C. Bernstein lowered their price objective on shares of Zscaler from $228.00 to $224.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Thirty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $215.36.

Zscaler Profile

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.