9,724 Shares in Zscaler, Inc. (NASDAQ:ZS) Bought by Erste Asset Management GmbH

by · The Cerbat Gem

Erste Asset Management GmbH bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,724 shares of the company’s stock, valued at approximately $1,670,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC increased its holdings in shares of Zscaler by 11.8% in the 1st quarter. Janus Henderson Group PLC now owns 9,121 shares of the company’s stock worth $1,757,000 after buying an additional 963 shares during the last quarter. Tidal Investments LLC lifted its stake in Zscaler by 7.4% during the first quarter. Tidal Investments LLC now owns 4,938 shares of the company’s stock worth $951,000 after purchasing an additional 341 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Zscaler by 895.1% in the 1st quarter. Cetera Investment Advisers now owns 31,395 shares of the company’s stock worth $6,048,000 after purchasing an additional 28,240 shares in the last quarter. Cetera Advisors LLC increased its position in shares of Zscaler by 146.7% during the 1st quarter. Cetera Advisors LLC now owns 8,079 shares of the company’s stock valued at $1,556,000 after purchasing an additional 4,804 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Zscaler by 21.3% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after buying an additional 67 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Down 4.7 %

ZS stock opened at $198.64 on Wednesday. The stock’s 50 day simple moving average is $190.79 and its 200 day simple moving average is $185.01. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $259.61.

Zscaler (NASDAQ:ZS – Get Free Report) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. Zscaler had a negative return on equity of 0.80% and a negative net margin of 1.58%. The firm had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. During the same period in the prior year, the company posted ($0.18) earnings per share. The company’s quarterly revenue was up 26.4% on a year-over-year basis. As a group, equities research analysts anticipate that Zscaler, Inc. will post -0.95 earnings per share for the current year.

Analysts Set New Price Targets

ZS has been the topic of a number of recent research reports. Stifel Nicolaus increased their price target on shares of Zscaler from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Bank of America cut shares of Zscaler from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $265.00 to $195.00 in a research report on Wednesday, September 4th. Piper Sandler upped their price target on shares of Zscaler from $215.00 to $235.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Zscaler from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Finally, UBS Group dropped their target price on Zscaler from $270.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Eleven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $224.38.

Check Out Our Latest Stock Analysis on Zscaler

Insider Activity at Zscaler

In related news, insider Michael J. Rich sold 4,813 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $824,370.64. Following the transaction, the insider now owns 103,259 shares of the company’s stock, valued at approximately $17,686,201.52. This trade represents a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $488,490.56. Following the sale, the chief executive officer now directly owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. This represents a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock worth $5,256,651 over the last quarter. Company insiders own 18.10% of the company’s stock.

About Zscaler

(Free Report)

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.

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