Shepherd Financial Partners LLC Reduces Position in Zscaler, Inc. (NASDAQ:ZS)

Shepherd Financial Partners LLC decreased its position in Zscaler, Inc. (NASDAQ:ZS) by 20.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,012 shares of the company’s stock after selling 1,023 shares during the period. Shepherd Financial Partners LLC’s holdings in Zscaler were worth $724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZS. KRS Capital Management LLC raised its position in Zscaler by 1.9% during the fourth quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock valued at $588,000 after acquiring an additional 60 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Zscaler by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock valued at $81,000 after purchasing an additional 70 shares during the period. Avior Wealth Management LLC boosted its holdings in Zscaler by 50.7% during the fourth quarter. Avior Wealth Management LLC now owns 214 shares of the company’s stock worth $39,000 after buying an additional 72 shares in the last quarter. Choreo LLC grew its position in Zscaler by 2.6% during the fourth quarter. Choreo LLC now owns 2,833 shares of the company’s stock valued at $517,000 after buying an additional 73 shares during the period. Finally, Valley Brook Capital Group Inc. raised its position in shares of Zscaler by 4.0% in the third quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock worth $337,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Performance

NASDAQ:ZS opened at $205.53 on Friday. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $259.61. The company has a fifty day simple moving average of $194.20 and a two-hundred day simple moving average of $188.27.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping 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 company had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. During the same quarter in the prior year, the business earned ($0.18) EPS. Zscaler’s revenue was up 26.4% on a year-over-year basis. Equities analysts expect that Zscaler, Inc. will post -0.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ZS shares. Jefferies Financial Group upped their price target on Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays upped their target price on Zscaler from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Wells Fargo & Company boosted their price target on shares of Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. BTIG Research increased their price objective on shares of Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Oppenheimer boosted their target price on shares of Zscaler from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Eleven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and an average price target of $225.47.

Insider Transactions at Zscaler

In related news, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were 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 of the company’s stock, valued at $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the completion of the sale, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at $71,828,542.08. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,248 shares of company stock valued at $2,052,879. Insiders own 18.10% of the company’s stock.

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.