Zscaler, Inc. (NASDAQ:ZS) Shares Sold by STF Management LP

STF Management LP decreased its position in Zscaler, Inc. (NASDAQ:ZS) by 9.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,141 shares of the company’s stock after selling 214 shares during the quarter. STF Management LP’s holdings in Zscaler were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in shares of Zscaler by 13,498.6% during the 3rd quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock valued at $48,769,000 after acquiring an additional 283,201 shares during the last quarter. GuoLine Advisory Pte Ltd acquired a new position in shares of Zscaler during the 3rd quarter valued at about $32,660,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Zscaler during the 2nd quarter valued at about $25,287,000. Rokos Capital Management LLP acquired a new position in shares of Zscaler during the 1st quarter valued at about $17,880,000. Finally, Caxton Associates LP increased its stake in shares of Zscaler by 467.9% during the 2nd quarter. Caxton Associates LP now owns 79,500 shares of the company’s stock valued at $15,279,000 after acquiring an additional 65,500 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In related news, Director Andrew William Fraser Brown sold 8,000 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $174.10, for a total value of $1,392,800.00. Following the completion of the transaction, the director now owns 25,907 shares in the company, valued at $4,510,408.70. This trade represents a 23.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert Schlossman sold 1,435 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total value of $260,739.50. Following the completion of the transaction, the insider now owns 105,806 shares of the company’s stock, valued at $19,224,950.20. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,502 shares of company stock valued at $5,256,651. 19.20% of the stock is currently owned by corporate insiders.

Zscaler Stock Performance

NASDAQ:ZS opened at $207.30 on Friday. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $259.61. The stock has a market cap of $31.61 billion, a price-to-earnings ratio of -518.25 and a beta of 0.82. The business has a fifty day moving average of $185.67 and a 200-day moving average of $183.33.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.09. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The company had revenue of $592.90 million during the quarter, compared to analysts’ expectations of $567.46 million. During the same quarter in the prior year, the business posted ($0.17) earnings per share. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. On average, equities research analysts predict that Zscaler, Inc. will post -0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ZS shares. Barclays upped their price objective on shares of Zscaler from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday. BNP Paribas started coverage on Zscaler in a report on Tuesday, October 8th. They set a “neutral” rating and a $180.00 target price for the company. Wells Fargo & Company decreased their target price on Zscaler from $182.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, September 4th. Cantor Fitzgerald upgraded Zscaler to a “hold” rating in a report on Monday. Finally, Oppenheimer decreased their target price on Zscaler from $260.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $217.79.

About Zscaler

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.