SBI Securities Co. Ltd. Buys New Holdings in Zscaler, Inc. (NASDAQ:ZS)

SBI Securities Co. Ltd. purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 19,201 shares of the company’s stock, valued at approximately $3,464,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZS. Global X Japan Co. Ltd. boosted its holdings in shares of Zscaler by 127.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock worth $25,000 after buying an additional 79 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Zscaler during the fourth quarter worth approximately $29,000. Prestige Wealth Management Group LLC bought a new stake in shares of Zscaler during the third quarter worth approximately $31,000. Versant Capital Management Inc grew its position in shares of Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares during the last quarter. Finally, True Wealth Design LLC increased its stake in shares of Zscaler by 18,500.0% during the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after purchasing an additional 185 shares during the period. Institutional investors own 46.45% of the company’s stock.

Insider Activity

In other Zscaler news, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the completion of the sale, the chief financial officer now directly owns 220,635 shares in the company, valued at approximately $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Syam Nair sold 3,682 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the transaction, the insider now directly owns 142,866 shares in the company, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on ZS shares. Mizuho upped their price objective on Zscaler from $210.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Stifel Nicolaus upped their target price on Zscaler from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Guggenheim restated a “neutral” rating on shares of Zscaler in a research report on Tuesday, December 3rd. Wells Fargo & Company upped their price objective on shares of Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Finally, KeyCorp raised their target price on shares of Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and a consensus target price of $226.56.

Zscaler Trading Up 2.2 %

NASDAQ ZS opened at $196.23 on Monday. The firm has a market capitalization of $30.11 billion, a PE ratio of -784.92 and a beta of 0.89. The business’s 50-day moving average price is $195.64 and its two-hundred day moving average price is $191.54. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $243.94.

Zscaler (NASDAQ:ZS) last announced its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business had revenue of $628.00 million for the quarter, compared to analysts’ expectations of $605.51 million. During the same period in the prior year, the business posted ($0.18) earnings per share. The firm’s revenue was up 26.4% on a year-over-year basis. As a group, analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal 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.