North Star Asset Management Inc. Acquires 189 Shares of Zscaler, Inc. (NASDAQ:ZS)

North Star Asset Management Inc. boosted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,095 shares of the company’s stock after buying an additional 189 shares during the quarter. North Star Asset Management Inc.’s holdings in Zscaler were worth $6,889,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. BluePath Capital Management LLC purchased a new position in Zscaler during the third quarter valued at approximately $32,000. KB Financial Partners LLC purchased a new position in Zscaler during the first quarter valued at approximately $39,000. Coppell Advisory Solutions LLC purchased a new position in Zscaler during the second quarter valued at approximately $45,000. Coppell Advisory Solutions Corp. purchased a new position in Zscaler during the fourth quarter valued at approximately $45,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Zscaler by 109.0% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock valued at $46,000 after purchasing an additional 109 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ZS shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $230.00 price target on shares of Zscaler in a report on Wednesday. Macquarie reissued an “outperform” rating and issued a $245.00 target price on shares of Zscaler in a report on Tuesday, March 19th. JPMorgan Chase & Co. boosted their target price on shares of Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Needham & Company LLC reissued a “strong-buy” rating and issued a $290.00 target price on shares of Zscaler in a report on Friday, March 1st. Finally, Sanford C. Bernstein lowered their target price on shares of Zscaler from $311.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Five analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $230.24.

Zscaler Trading Down 2.2 %

Shares of NASDAQ ZS traded down $3.76 during mid-day trading on Friday, reaching $169.21. The company had a trading volume of 2,285,496 shares, compared to its average volume of 1,483,631. The business’s 50-day moving average is $206.08 and its 200-day moving average is $203.35. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19. The stock has a market cap of $25.36 billion, a price-to-earnings ratio of -178.12 and a beta of 0.80. Zscaler, Inc. has a 52 week low of $84.93 and a 52 week high of $259.61.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. The company had revenue of $525.00 million during the quarter, compared to analyst estimates of $507.56 million. Equities analysts expect that Zscaler, Inc. will post -0.81 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Remo Canessa sold 7,707 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $1,488,607.05. Following the completion of the sale, the chief financial officer now directly owns 255,943 shares of the company’s stock, valued at $49,435,390.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Zscaler news, CFO Remo Canessa sold 7,707 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the completion of the sale, the chief financial officer now directly owns 255,943 shares of the company’s stock, valued at $49,435,390.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Syam Nair sold 2,893 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $558,782.95. Following the sale, the insider now directly owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The disclosure for this sale can be found here. Insiders sold a total of 26,715 shares of company stock valued at $5,865,882 over the last three months. 19.20% of the stock is owned by company insiders.

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.