Thematics Asset Management Purchases 69,000 Shares of Zscaler, Inc. (NASDAQ:ZS)

Thematics Asset Management increased its holdings in Zscaler, Inc. (NASDAQ:ZS) by 88.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,000 shares of the company’s stock after acquiring an additional 69,000 shares during the quarter. Thematics Asset Management owned about 0.10% of Zscaler worth $25,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of ZS. Advisors Asset Management Inc. lifted its stake in shares of Zscaler by 59.8% in the first quarter. Advisors Asset Management Inc. now owns 2,229 shares of the company’s stock worth $429,000 after buying an additional 834 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Zscaler by 11.8% during the 1st quarter. Janus Henderson Group PLC now owns 9,121 shares of the company’s stock valued at $1,757,000 after acquiring an additional 963 shares during the period. B. Riley Wealth Advisors Inc. increased its position in Zscaler by 3.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,761 shares of the company’s stock worth $724,000 after buying an additional 111 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in Zscaler by 11.2% during the 1st quarter. Motley Fool Asset Management LLC now owns 4,422 shares of the company’s stock worth $852,000 after acquiring an additional 444 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of Zscaler by 7.4% during the 1st quarter. Tidal Investments LLC now owns 4,938 shares of the company’s stock valued at $951,000 after buying an additional 341 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Trading Down 0.7 %

Shares of NASDAQ ZS traded down $1.50 during trading on Tuesday, reaching $208.92. 233,704 shares of the company traded hands, compared to its average volume of 2,010,407. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $259.61. The stock has a market cap of $31.86 billion, a P/E ratio of -526.04 and a beta of 0.82. The firm’s fifty day simple moving average is $187.27 and its 200 day simple moving average is $183.96.

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

Insider Activity at Zscaler

In other Zscaler news, insider Robert Schlossman sold 4,947 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $170.22, for a total value of $842,078.34. Following the transaction, the insider now owns 107,241 shares in the company, valued at approximately $18,254,563.02. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrew William Fraser Brown sold 8,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $174.10, for a total transaction of $1,392,800.00. Following the completion of the transaction, the director now directly owns 25,907 shares in the company, valued at approximately $4,510,408.70. This represents a 23.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,502 shares of company stock valued at $5,256,651. 19.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ZS has been the subject of several research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $270.00 target price on shares of Zscaler in a research note on Monday, November 4th. Robert W. Baird lowered their target price on Zscaler from $260.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Scotiabank lowered their price target on shares of Zscaler from $210.00 to $195.00 and set a “sector outperform” rating for the company in a report on Wednesday, September 4th. Rosenblatt Securities reissued a “neutral” rating and set a $190.00 target price on shares of Zscaler in a research report on Wednesday, September 4th. Finally, BNP Paribas started coverage on Zscaler in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and an average target price of $219.32.

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.