Compass Capital Corp MA ADV Invests $1.42 Million in Zscaler, Inc. (NASDAQ:ZS)

Compass Capital Corp MA ADV purchased a new position in Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,291 shares of the company’s stock, valued at approximately $1,422,000.

A number of other institutional investors also recently made changes to their positions in the stock. Global X Japan Co. Ltd. increased its stake in Zscaler by 127.4% in the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Zscaler in the fourth quarter valued at $29,000. Prestige Wealth Management Group LLC acquired a new position in Zscaler in the third quarter valued at $31,000. True Wealth Design LLC increased its stake in Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in 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. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Stock Performance

Shares of NASDAQ ZS opened at $206.97 on Friday. The stock’s 50 day moving average price is $195.38 and its two-hundred day moving average price is $190.31. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $251.55.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share (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 firm had revenue of $628.00 million for the quarter, compared to analysts’ expectations of $605.51 million. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. Zscaler’s revenue for the quarter was up 26.4% compared to the same quarter last year. On average, analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on ZS. Morgan Stanley dropped their target price on Zscaler from $215.00 to $205.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 3rd. Piper Sandler boosted their price target on Zscaler from $215.00 to $235.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their price target on Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Barclays boosted their price target on Zscaler from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $240.00 price target on shares of Zscaler in a research report on Friday, January 10th. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $225.63.

Insider Buying and Selling at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares in the company, valued at approximately $71,828,542.08. This represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Remo Canessa sold 3,703 shares of the 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 sale, the chief financial officer now owns 220,635 shares in the company, valued at $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,248 shares of company stock worth $2,052,879 over the last quarter. 18.10% of the stock is owned by corporate insiders.

Zscaler 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.