Alps Advisors Inc. bought a new position in shares of Zscaler Inc (NASDAQ:ZS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,208 shares of the company’s stock, valued at approximately $498,000.
A number of other large investors have also bought and sold shares of the stock. Optimum Investment Advisors boosted its position in Zscaler by 240.0% during the 3rd quarter. Optimum Investment Advisors now owns 3,400 shares of the company’s stock worth $139,000 after buying an additional 2,400 shares during the period. BlackRock Inc. acquired a new stake in Zscaler during the 1st quarter worth approximately $114,000. Stevens Capital Management LP acquired a new stake in Zscaler during the 2nd quarter worth approximately $211,000. Raymond James & Associates acquired a new stake in Zscaler during the 2nd quarter worth approximately $255,000. Finally, GSA Capital Partners LLP bought a new position in Zscaler during the 2nd quarter worth approximately $399,000. Institutional investors and hedge funds own 23.08% of the company’s stock.
In related news, insider Manoj Apte sold 107,544 shares of Zscaler stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $41.88, for a total value of $4,503,942.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Amit Sinha sold 4,807 shares of Zscaler stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $42.12, for a total transaction of $202,470.84. The disclosure for this sale can be found here. Insiders sold a total of 266,000 shares of company stock valued at $10,798,674 in the last quarter.
NASDAQ:ZS opened at $40.97 on Wednesday. The firm has a market capitalization of $4.72 billion and a PE ratio of -132.16. Zscaler Inc has a twelve month low of $24.76 and a twelve month high of $48.24.
Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Wednesday, September 5th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $56.20 million during the quarter, compared to the consensus estimate of $50.72 million. The business’s revenue was up 53.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.07) EPS. On average, analysts expect that Zscaler Inc will post -0.33 earnings per share for the current fiscal year.
ZS has been the subject of several analyst reports. Needham & Company LLC raised their price target on shares of Zscaler to $45.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 17th. Zacks Investment Research lowered shares of Zscaler from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Credit Suisse Group raised their price target on shares of Zscaler from $38.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, September 6th. Morgan Stanley raised their price target on shares of Zscaler from $31.00 to $41.00 and gave the stock an “equal weight” rating in a report on Thursday, September 6th. Finally, BTIG Research lowered shares of Zscaler from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a report on Monday, September 10th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Zscaler has an average rating of “Hold” and a consensus price target of $37.58.
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Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.
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