Curi RMB Capital LLC Acquires 2,862 Shares of Zscaler, Inc. (NASDAQ:ZS)

Curi RMB Capital LLC lifted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 13.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 24,559 shares of the company’s stock after buying an additional 2,862 shares during the period. Curi RMB Capital LLC’s holdings in Zscaler were worth $4,198,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC acquired a new stake in Zscaler in the 2nd quarter worth approximately $28,000. Asset Dedication LLC boosted its holdings in shares of Zscaler by 436.8% during the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company’s stock worth $39,000 after buying an additional 166 shares during the period. American Capital Advisory LLC acquired a new position in Zscaler in the 2nd quarter valued at $50,000. GAMMA Investing LLC raised its holdings in Zscaler by 21.3% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after acquiring an additional 67 shares during the period. Finally, Quarry LP lifted its position in Zscaler by 613.0% during the 2nd quarter. Quarry LP now owns 385 shares of the company’s stock worth $74,000 after acquiring an additional 331 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Down 0.6 %

Zscaler stock opened at $208.50 on Friday. The stock’s 50 day simple moving average is $181.34 and its two-hundred day simple moving average is $182.36. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The business had revenue of $592.90 million during the quarter, compared to analyst estimates of $567.46 million. During the same period last year, the business earned ($0.17) EPS. Zscaler’s revenue was up 30.3% compared to the same quarter last year. Sell-side analysts forecast that Zscaler, Inc. will post -0.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ZS. Bank of America lowered Zscaler from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $265.00 to $195.00 in a research note on Wednesday, September 4th. Oppenheimer cut their price target on Zscaler from $260.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. UBS Group lowered their price objective on shares of Zscaler from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Wells Fargo & Company dropped their target price on shares of Zscaler from $182.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 4th. Finally, Needham & Company LLC decreased their price target on shares of Zscaler from $290.00 to $235.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, September 4th. Ten investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $217.18.

Insider Activity at Zscaler

In other news, CFO Remo Canessa sold 8,455 shares of Zscaler stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $1,448,172.40. Following the completion of the sale, the chief financial officer now directly owns 231,793 shares in the company, valued at approximately $39,701,505.04. This trade represents a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Rich sold 4,813 shares of Zscaler stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $824,370.64. Following the sale, the insider now directly owns 103,259 shares of the company’s stock, valued at approximately $17,686,201.52. This trade represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,502 shares of company stock worth $5,256,651. 19.20% of the stock is owned by company insiders.

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.