First Washington CORP Sells 6,518 Shares of Zscaler, Inc. (NASDAQ:ZS)

First Washington CORP decreased its position in Zscaler, Inc. (NASDAQ:ZS) by 43.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 8,514 shares of the company’s stock after selling 6,518 shares during the quarter. First Washington CORP’s holdings in Zscaler were worth $1,636,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE raised its stake in shares of Zscaler by 0.3% during the 4th quarter. US Bancorp DE now owns 22,944 shares of the company’s stock worth $5,083,000 after purchasing an additional 59 shares in the last quarter. Kovack Advisors Inc. grew its position in shares of Zscaler by 3.4% in the 1st quarter. Kovack Advisors Inc. now owns 2,042 shares of the company’s stock valued at $393,000 after acquiring an additional 67 shares during the period. GAMMA Investing LLC raised its holdings in shares of Zscaler by 21.3% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $73,000 after purchasing an additional 67 shares during the period. Quadrant Capital Group LLC lifted its stake in Zscaler by 66.7% in the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after purchasing an additional 70 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Zscaler by 1.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,665 shares of the company’s stock worth $1,255,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling at Zscaler

In other Zscaler news, CFO Remo Canessa sold 7,981 shares of Zscaler stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the transaction, the chief financial officer now directly owns 243,486 shares of the company’s stock, valued at approximately $43,148,154.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 19.20% of the company’s stock.

Zscaler Stock Down 0.8 %

NASDAQ ZS opened at $170.32 on Wednesday. Zscaler, Inc. has a twelve month low of $146.59 and a twelve month high of $259.61. The business’s fifty day moving average is $183.45 and its 200 day moving average is $183.94. The company has a market cap of $25.97 billion, a price-to-earnings ratio of -333.96 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, September 3rd. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.18. The company had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The business’s quarterly 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) earnings per share. On average, research analysts anticipate that Zscaler, Inc. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZS has been the subject of a number of recent analyst reports. Loop Capital cut their price objective on Zscaler from $180.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Sanford C. Bernstein reduced their price objective on shares of Zscaler from $280.00 to $270.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. JMP Securities reissued a “market outperform” rating and issued a $270.00 price objective on shares of Zscaler in a research report on Wednesday, September 4th. Robert W. Baird reduced their target price on shares of Zscaler from $260.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Finally, Mizuho cut shares of Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 price target on the stock. in a report on Tuesday, July 16th. Nine analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average price target of $218.39.

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.