Baader Bank Aktiengesellschaft Has $1.52 Million Stake in Zscaler, Inc. (NASDAQ:ZS)

Baader Bank Aktiengesellschaft increased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 30.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,400 shares of the company’s stock after purchasing an additional 1,952 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Zscaler were worth $1,515,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. KRS Capital Management LLC lifted its holdings in Zscaler by 1.9% during the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock worth $588,000 after buying an additional 60 shares during the period. American Trust increased its stake in shares of Zscaler by 6.1% in the 2nd quarter. American Trust now owns 1,210 shares of the company’s stock valued at $233,000 after acquiring an additional 70 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Zscaler by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock valued at $81,000 after acquiring an additional 70 shares during the period. Avior Wealth Management LLC raised its stake in Zscaler by 50.7% during the 4th quarter. Avior Wealth Management LLC now owns 214 shares of the company’s stock worth $39,000 after buying an additional 72 shares during the period. Finally, Valley Brook Capital Group Inc. raised its holdings in Zscaler by 4.0% during the third quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock worth $337,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Oppenheimer raised their target price on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company lifted their price target on Zscaler from $180.00 to $190.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. Stifel Nicolaus upped their price objective on shares of Zscaler from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective on Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $240.00 price target (down previously from $270.00) on shares of Zscaler in a research note on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and an average target price of $225.47.

Zscaler Stock Down 1.5 %

Shares of ZS stock opened at $201.63 on Thursday. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The company has a 50 day simple moving average of $194.83 and a two-hundred day simple moving average of $187.81.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.63 by $0.14. The firm had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. Zscaler’s revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) EPS. On average, research analysts expect that Zscaler, Inc. will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Zscaler Company 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.