Park Avenue Securities LLC Increases Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Park Avenue Securities LLC lifted its position in Zscaler, Inc. (NASDAQ:ZSGet Rating) by 70.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,704 shares of the company’s stock after purchasing an additional 704 shares during the quarter. Park Avenue Securities LLC’s holdings in Zscaler were worth $411,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Arlington Partners LLC boosted its stake in Zscaler by 122.4% during the first quarter. Arlington Partners LLC now owns 109 shares of the company’s stock worth $26,000 after buying an additional 60 shares during the period. AdvisorNet Financial Inc boosted its stake in Zscaler by 362.1% during the first quarter. AdvisorNet Financial Inc now owns 134 shares of the company’s stock worth $32,000 after buying an additional 105 shares during the period. AlphaCentric Advisors LLC purchased a new position in Zscaler during the fourth quarter worth about $33,000. JFS Wealth Advisors LLC boosted its stake in Zscaler by 110.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 105 shares of the company’s stock worth $34,000 after buying an additional 55 shares during the period. Finally, Quent Capital LLC purchased a new position in Zscaler during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 43.41% of the company’s stock.

Analysts Set New Price Targets

ZS has been the topic of several research reports. Truist Financial reduced their price target on shares of Zscaler from $335.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, May 10th. Wedbush reduced their price target on shares of Zscaler to $200.00 in a research report on Friday, May 27th. Citigroup reduced their price target on shares of Zscaler from $225.00 to $200.00 in a research report on Friday. UBS Group reduced their price target on shares of Zscaler from $325.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. Finally, Cowen reduced their price target on shares of Zscaler from $405.00 to $194.00 and set an “outperform” rating on the stock in a research report on Friday, May 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $247.45.

Insider Activity at Zscaler

In related news, President Amit Sinha sold 9,975 shares of Zscaler stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $136.67, for a total value of $1,363,283.25. Following the transaction, the president now directly owns 266,124 shares in the company, valued at approximately $36,371,167.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Zscaler news, insider Robert Schlossman sold 4,184 shares of the business’s stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $136.67, for a total transaction of $571,827.28. Following the sale, the insider now directly owns 112,861 shares in the company, valued at approximately $15,424,712.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Amit Sinha sold 9,975 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $136.67, for a total transaction of $1,363,283.25. Following the sale, the president now owns 266,124 shares in the company, valued at $36,371,167.08. The disclosure for this sale can be found here. Insiders have sold a total of 49,710 shares of company stock worth $7,275,302 in the last three months. Insiders own 20.30% of the company’s stock.

Zscaler Stock Performance

Shares of ZS opened at $156.09 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.80. The firm has a market cap of $22.14 billion, a PE ratio of -58.46 and a beta of 1.09. The company’s 50 day simple moving average is $152.32 and its 200-day simple moving average is $202.68. Zscaler, Inc. has a 12-month low of $125.12 and a 12-month high of $376.11.

Zscaler (NASDAQ:ZSGet Rating) last posted its quarterly earnings data on Thursday, May 26th. The company reported ($0.61) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.02. Zscaler had a negative net margin of 38.52% and a negative return on equity of 58.37%. The firm had revenue of $286.81 million for the quarter, compared to analyst estimates of $271.47 million. During the same period last year, the firm posted ($0.30) EPS. Zscaler’s quarterly revenue was up 62.6% on a year-over-year basis. As a group, equities analysts predict that Zscaler, Inc. will post -2.31 EPS for the current year.

Zscaler Profile

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Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device 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.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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