Nwam LLC Sells 173 Shares of Zscaler, Inc. (NASDAQ:ZS)

Nwam LLC decreased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,135 shares of the company’s stock after selling 173 shares during the period. Nwam LLC’s holdings in Zscaler were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ZS. KRS Capital Management LLC raised its holdings in shares of Zscaler by 1.9% in the fourth quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock valued at $588,000 after buying an additional 60 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Zscaler by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock worth $81,000 after acquiring an additional 70 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of Zscaler by 50.7% during the fourth quarter. Avior Wealth Management LLC now owns 214 shares of the company’s stock worth $39,000 after purchasing an additional 72 shares in the last quarter. Choreo LLC grew its stake in shares of Zscaler by 2.6% during the fourth quarter. Choreo LLC now owns 2,833 shares of the company’s stock valued at $517,000 after purchasing an additional 73 shares during the last quarter. Finally, Valley Brook Capital Group Inc. grew its stake in shares of Zscaler by 4.0% during the third quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock valued at $337,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Insider Activity

In related news, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the sale, the chief financial officer now owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Syam Nair sold 3,682 shares of the company’s stock in a transaction dated 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 in the company, valued at $28,618,917.12. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,248 shares of company stock worth $2,052,879 over the last ninety days. Insiders own 18.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Canaccord Genuity Group upped their price objective on Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler lifted their price objective on Zscaler from $215.00 to $235.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. BMO Capital Markets boosted their price objective on Zscaler from $197.00 to $222.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Scotiabank raised their target price on shares of Zscaler from $205.00 to $225.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, Oppenheimer boosted their price target on shares of Zscaler from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $226.56.

Zscaler Price Performance

ZS opened at $196.23 on Friday. The company has a market capitalization of $30.11 billion, a price-to-earnings ratio of -784.92 and a beta of 0.89. The business’s 50-day moving average price is $195.64 and its two-hundred day moving average price is $191.49. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $243.94.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The business 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 quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the company earned ($0.18) earnings per share. Sell-side analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

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.