Jamison Private Wealth Management Inc. Decreases Position in Zscaler, Inc. (NASDAQ:ZS)

Jamison Private Wealth Management Inc. trimmed its holdings in Zscaler, Inc. (NASDAQ:ZS) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,342 shares of the company’s stock after selling 182 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Zscaler were worth $603,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC acquired a new stake in shares of Zscaler in the 3rd quarter valued at about $31,000. True Wealth Design LLC boosted its holdings in shares of 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 acquiring an additional 185 shares during the period. Versant Capital Management Inc grew its position in shares of Zscaler by 136.8% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after acquiring an additional 104 shares during the last quarter. Modus Advisors LLC acquired a new position in shares of Zscaler in the 4th quarter valued at $36,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Zscaler in the 3rd quarter valued at $38,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Trading Up 0.4 %

Shares of ZS stock opened at $193.47 on Friday. The company has a market cap of $29.69 billion, a PE ratio of -773.88 and a beta of 0.87. The company’s fifty day simple moving average is $195.05 and its 200-day simple moving average is $187.79. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $259.61.

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. The business had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The company’s revenue was up 26.4% on a year-over-year basis. During the same period last year, the business posted ($0.18) EPS. Equities research analysts expect that Zscaler, Inc. will post -0.16 EPS for the current fiscal year.

Insider Activity

In other news, insider Syam Nair sold 3,682 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the transaction, the insider now owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $573,516.16. Following the completion of the transaction, the chief executive officer now owns 358,569 shares of the company’s stock, valued at $71,828,542.08. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,248 shares of company stock worth $2,052,879 over the last ninety days. Corporate insiders own 18.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. KeyCorp boosted their target price on Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Jefferies Financial Group boosted their price objective on shares of Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Citigroup raised their target price on shares of Zscaler from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Needham & Company LLC reissued a “buy” rating and set a $240.00 price target on shares of Zscaler in a report on Friday, January 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Zscaler in a report on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.47.

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.