Sheaff Brock Investment Advisors LLC Has $753,000 Holdings in Zscaler, Inc. (NASDAQ:ZS)

Sheaff Brock Investment Advisors LLC trimmed its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,908 shares of the company’s stock after selling 158 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Zscaler were worth $753,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in shares of Zscaler in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC acquired a new position in shares of Zscaler during the 4th quarter worth about $37,000. Parkside Financial Bank & Trust grew its holdings in shares of Zscaler by 582.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock valued at $35,000 after acquiring an additional 134 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Zscaler by 66.7% in the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after acquiring an additional 70 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Zscaler by 109.0% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after acquiring an additional 109 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Zscaler Price Performance

Shares of ZS traded down $0.64 during trading hours on Friday, hitting $181.36. 1,026,499 shares of the company were exchanged, compared to its average volume of 2,202,449. The company has a market cap of $27.41 billion, a price-to-earnings ratio of -355.61 and a beta of 0.85. The firm’s fifty day moving average is $184.39 and its 200 day moving average is $199.45. Zscaler, Inc. has a fifty-two week low of $131.59 and a fifty-two week high of $259.61. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.04.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, May 30th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.24) by $0.39. The firm had revenue of $553.20 million for the quarter, compared to analyst estimates of $535.55 million. Zscaler had a negative net margin of 3.62% and a negative return on equity of 5.84%. On average, equities analysts anticipate that Zscaler, Inc. will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZS has been the subject of a number of analyst reports. Mizuho downgraded Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 price target for the company. in a research note on Tuesday, July 16th. BMO Capital Markets reissued an “outperform” rating and issued a $208.00 target price on shares of Zscaler in a research note on Friday, June 14th. UBS Group dropped their price target on shares of Zscaler from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Oppenheimer reiterated an “outperform” rating and issued a $260.00 price target (down previously from $290.00) on shares of Zscaler in a research note on Friday, May 31st. Finally, Needham & Company LLC restated a “strong-buy” rating and set a $290.00 price objective on shares of Zscaler in a research note on Friday, June 14th. Eight analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and an average target price of $225.21.

Insiders Place Their Bets

In related news, CFO Remo Canessa sold 7,981 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the completion of the sale, the chief financial officer now directly owns 243,486 shares in the company, valued at approximately $43,148,154.06. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 19.20% of the company’s stock.

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.