Zscaler, Inc. (NASDAQ:ZS) Shares Sold by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. decreased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,303 shares of the company’s stock after selling 230 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Zscaler were worth $1,859,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Global X Japan Co. Ltd. raised its holdings in Zscaler by 127.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock worth $25,000 after buying an additional 79 shares during the period. Stonebridge Financial Group LLC bought a new stake in Zscaler during the fourth quarter worth approximately $29,000. Prestige Wealth Management Group LLC bought a new stake in Zscaler during the third quarter worth approximately $31,000. True Wealth Design LLC lifted its holdings in shares of Zscaler by 18,500.0% during the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after buying an additional 185 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Zscaler by 136.8% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after buying an additional 104 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The shares were 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 $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Syam Nair sold 3,682 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 transaction of $737,578.24. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 10,248 shares of company stock worth $2,052,879 in the last ninety days. 18.10% of the stock is owned by corporate insiders.

Zscaler Stock Up 2.9 %

ZS opened at $202.16 on Friday. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $217.84. The company has a 50-day moving average price of $196.01 and a 200 day moving average price of $191.57. The company has a market cap of $31.02 billion, a PE ratio of -808.64 and a beta of 0.89.

Zscaler (NASDAQ:ZS) last posted 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 business had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.18) EPS. As a group, sell-side analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ZS shares. BMO Capital Markets upped their target price on Zscaler from $222.00 to $233.00 and gave the company an “outperform” rating in a research note on Thursday. Stifel Nicolaus increased their target price on Zscaler from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Citigroup reiterated a “buy” rating and issued a $240.00 price target (up previously from $235.00) on shares of Zscaler in a report on Wednesday. Jefferies Financial Group raised their target price on Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, UBS Group raised their target price on Zscaler from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday. Nine analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $232.84.

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.