Zscaler, Inc. (NASDAQ:ZS) Shares Acquired by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC boosted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,051 shares of the company’s stock after purchasing an additional 83 shares during the period. Zscaler makes up 3.2% of Pursue Wealth Partners LLC’s portfolio, making the stock its 10th biggest position. Pursue Wealth Partners LLC’s holdings in Zscaler were worth $4,886,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BluePath Capital Management LLC purchased a new position in shares of Zscaler in the third quarter worth approximately $32,000. Parkside Financial Bank & Trust lifted its stake in shares of Zscaler by 582.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after buying an additional 134 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Zscaler in the fourth quarter worth $37,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Zscaler by 109.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after buying an additional 109 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of Zscaler by 41.1% in the fourth quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock worth $53,000 after buying an additional 69 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZS has been the topic of a number of research reports. Oppenheimer boosted their target price on shares of Zscaler from $245.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 3rd. Truist Financial reissued a “buy” rating and issued a $260.00 price target on shares of Zscaler in a report on Monday, April 1st. BMO Capital Markets lowered their target price on shares of Zscaler from $268.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. JMP Securities restated a “market outperform” rating and set a $270.00 target price on shares of Zscaler in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Zscaler from $212.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $230.24.

Insider Buying and Selling

In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the sale, the chief executive officer now directly owns 367,152 shares in the company, valued at approximately $70,915,408.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the sale, the chief executive officer now directly owns 367,152 shares in the company, valued at $70,915,408.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Karen Blasing sold 7,000 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $236.24, for a total value of $1,653,680.00. Following the sale, the director now owns 39,539 shares in the company, valued at $9,340,693.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,715 shares of company stock worth $5,865,882. 19.20% of the stock is owned by corporate insiders.

Zscaler Trading Up 1.3 %

Shares of Zscaler stock traded up $2.24 during midday trading on Friday, reaching $177.05. The company had a trading volume of 1,341,755 shares, compared to its average volume of 1,530,924. The stock has a fifty day moving average price of $198.51 and a 200 day moving average price of $203.47. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market cap of $26.54 billion, a PE ratio of -186.37 and a beta of 0.80. Zscaler, Inc. has a fifty-two week low of $84.93 and a fifty-two week high of $259.61.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.08. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. The firm had revenue of $525.00 million for the quarter, compared to analyst estimates of $507.56 million. On average, equities analysts anticipate that Zscaler, Inc. will post -0.8 earnings per share for the current 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.