J.W. Cole Advisors Inc. Grows Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

J.W. Cole Advisors Inc. raised its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,700 shares of the company’s stock after buying an additional 295 shares during the period. J.W. Cole Advisors Inc.’s holdings in Zscaler were worth $487,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. boosted its holdings in Zscaler by 127.4% in the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Zscaler in the fourth quarter valued at $29,000. Prestige Wealth Management Group LLC acquired a new stake in Zscaler in the third quarter valued at $31,000. True Wealth Design LLC raised its stake in Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after buying an additional 185 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after buying an additional 104 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Stock Performance

Shares of ZS opened at $214.67 on Thursday. The stock has a fifty day moving average of $195.36 and a two-hundred day moving average of $190.19. The company has a market capitalization of $32.94 billion, a PE ratio of -858.68 and a beta of 0.89. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $251.94.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.14. The company 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%. Zscaler’s revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.18) EPS. As a group, equities research analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Transactions at Zscaler

In other news, CFO Remo Canessa sold 3,703 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the completion of the sale, the chief financial officer now directly owns 220,635 shares in the company, valued at $44,197,603.20. This represents a 1.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Syam Nair sold 3,682 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the sale, the insider now owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,248 shares of company stock worth $2,052,879 in the last ninety days. Insiders own 18.10% of the company’s stock.

Analyst Upgrades and Downgrades

ZS has been the topic of a number of analyst reports. BTIG Research raised their price target on Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley cut their target price on Zscaler from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 3rd. Wells Fargo & Company lifted their target price on Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Loop Capital cut their target price on Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a research report on Tuesday, December 3rd. Finally, KeyCorp boosted their price target on Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.