Zscaler, Inc. (NASDAQ:ZS) Shares Acquired by Klingenstein Fields & Co. LP

Klingenstein Fields & Co. LP lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 0.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,162 shares of the company’s stock after buying an additional 136 shares during the quarter. Klingenstein Fields & Co. LP owned approximately 0.06% of Zscaler worth $16,988,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ZS. Global X Japan Co. Ltd. raised its stake in Zscaler by 127.4% in the 4th 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 purchased a new stake in Zscaler in the 4th quarter valued at about $29,000. Prestige Wealth Management Group LLC purchased a new stake in Zscaler in the 3rd quarter valued at about $31,000. Versant Capital Management Inc grew its holdings in Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after buying an additional 104 shares during the period. Finally, True Wealth Design LLC grew its holdings in Zscaler by 18,500.0% in the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after buying an additional 185 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the stock in a transaction on 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 approximately $71,828,542.08. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Remo Canessa sold 3,703 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,248 shares of company stock valued at $2,052,879 over the last three months. Company insiders own 18.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ZS. Stifel Nicolaus lifted their price target on Zscaler from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, November 14th. KeyCorp lifted their price target on Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Piper Sandler lifted their price target on Zscaler from $215.00 to $235.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. lifted their price target on Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Finally, Morgan Stanley decreased their target price on Zscaler from $215.00 to $205.00 and set an “equal weight” rating for the company in a report on Tuesday, December 3rd. Eleven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $225.63.

Zscaler Price Performance

ZS stock opened at $214.84 on Friday. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $255.00. The stock’s 50 day simple moving average is $194.77 and its 200 day simple moving average is $189.04.

Zscaler (NASDAQ:ZS) last issued its 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 firm had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. During the same period last year, the company earned ($0.18) earnings per share. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. On average, sell-side analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current 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.