Donoghue Forlines LLC Increases Position in Zscaler, Inc. (NASDAQ:ZS)

Donoghue Forlines LLC increased its stake in Zscaler, Inc. (NASDAQ:ZSGet Rating) by 203.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,874 shares of the company’s stock after acquiring an additional 5,280 shares during the period. Donoghue Forlines LLC’s holdings in Zscaler were worth $2,530,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ZS. Winch Advisory Services LLC lifted its stake in Zscaler by 49.3% in the third quarter. Winch Advisory Services LLC now owns 112 shares of the company’s stock worth $29,000 after purchasing an additional 37 shares during the last quarter. Mascoma Wealth Management LLC bought a new stake in Zscaler in the fourth quarter worth $31,000. First Horizon Advisors Inc. lifted its stake in Zscaler by 75.1% in the third quarter. First Horizon Advisors Inc. now owns 506 shares of the company’s stock worth $32,000 after purchasing an additional 217 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in Zscaler by 110.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 105 shares of the company’s stock worth $34,000 after purchasing an additional 55 shares during the last quarter. Finally, MFA Wealth Advisors LLC bought a new stake in Zscaler in the third quarter worth $42,000. Institutional investors own 43.41% of the company’s stock.

Several brokerages have recently commented on ZS. Royal Bank of Canada lowered their price objective on shares of Zscaler from $408.00 to $330.00 and set an “outperform” rating for the company in a research note on Friday, February 25th. JPMorgan Chase & Co. lowered their price objective on shares of Zscaler from $320.00 to $265.00 and set an “underweight” rating for the company in a research note on Friday, February 25th. Truist Financial reduced their price target on shares of Zscaler from $335.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, May 10th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Zscaler from $430.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, February 25th. Finally, Daiwa Capital Markets upgraded shares of Zscaler from an “underperform” rating to a “buy” rating and boosted their price target for the company from $286.00 to $296.00 in a research report on Tuesday, March 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $310.21.

ZS traded up $0.70 during trading on Tuesday, hitting $140.78. 64,334 shares of the company traded hands, compared to its average volume of 2,266,829. The company has a market cap of $19.86 billion, a PE ratio of -59.26 and a beta of 1.09. The stock’s 50-day simple moving average is $211.13 and its two-hundred day simple moving average is $262.51. Zscaler, Inc. has a 1 year low of $127.62 and a 1 year high of $376.11. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.74.

Zscaler (NASDAQ:ZSGet Rating) last posted its earnings results on Thursday, February 24th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($0.03). The company had revenue of $255.56 million for the quarter, compared to analysts’ expectations of $241.87 million. Zscaler had a negative net margin of 38.47% and a negative return on equity of 51.11%. The business’s revenue was up 62.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.39) earnings per share. Equities analysts expect that Zscaler, Inc. will post -2.34 EPS for the current year.

In other news, CFO Remo Canessa sold 4,696 shares of the firm’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $203.09, for a total value of $953,710.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Amit Sinha sold 6,000 shares of the firm’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $250.89, for a total transaction of $1,505,340.00. Following the completion of the sale, the president now owns 275,860 shares of the company’s stock, valued at approximately $69,210,515.40. The disclosure for this sale can be found here. Insiders sold a total of 36,779 shares of company stock valued at $7,896,977 over the last three months. Corporate insiders own 20.30% of the company’s stock.

Zscaler Company Profile (Get Rating)

Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device 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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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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