Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its position in shares of Zscaler, Inc. (NASDAQ:ZSGet Rating) by 26.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,668 shares of the company’s stock after selling 961 shares during the period. Sigma Planning Corp’s holdings in Zscaler were worth $399,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Capital Research Global Investors lifted its position in shares of Zscaler by 40.4% in the 1st quarter. Capital Research Global Investors now owns 4,377,330 shares of the company’s stock worth $1,056,162,000 after buying an additional 1,259,876 shares during the last quarter. First Trust Advisors LP lifted its position in Zscaler by 75.2% in the 1st quarter. First Trust Advisors LP now owns 2,265,816 shares of the company’s stock valued at $546,696,000 after purchasing an additional 972,637 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Zscaler in the 1st quarter valued at about $168,365,000. Scge Management L.P. bought a new stake in Zscaler in the 1st quarter valued at about $141,873,000. Finally, Assenagon Asset Management S.A. lifted its position in Zscaler by 257.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 258,096 shares of the company’s stock valued at $38,588,000 after purchasing an additional 185,922 shares during the last quarter. 45.51% of the stock is owned by institutional investors and hedge funds.

Zscaler Price Performance

ZS stock opened at $140.08 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a 50 day simple moving average of $150.62 and a 200 day simple moving average of $154.68. Zscaler, Inc. has a 52 week low of $114.21 and a 52 week high of $373.74.

Zscaler (NASDAQ:ZSGet Rating) last posted its quarterly earnings results on Thursday, September 8th. The company reported ($0.40) EPS for the quarter, topping the consensus estimate of ($0.63) by $0.23. The business had revenue of $318.06 million during the quarter, compared to analysts’ expectations of $305.54 million. Zscaler had a negative net margin of 35.77% and a negative return on equity of 55.59%. The firm’s quarterly revenue was up 61.4% compared to the same quarter last year. During the same period last year, the company posted ($0.48) earnings per share. On average, equities analysts forecast that Zscaler, Inc. will post -2.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 3,825 shares of Zscaler stock in a transaction that occurred on Tuesday, October 18th. The shares were sold at an average price of $150.83, for a total value of $576,924.75. Following the completion of the sale, the insider now directly owns 141,279 shares in the company, valued at $21,309,111.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Robert Schlossman sold 3,825 shares of the business’s stock in a transaction on Tuesday, October 18th. The shares were sold at an average price of $150.83, for a total value of $576,924.75. Following the completion of the sale, the insider now directly owns 141,279 shares in the company, valued at $21,309,111.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Dali Rajic sold 20,000 shares of the business’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $168.00, for a total transaction of $3,360,000.00. Following the completion of the sale, the chief operating officer now owns 270,599 shares of the company’s stock, valued at $45,460,632. The disclosure for this sale can be found here. Insiders sold 175,339 shares of company stock worth $29,386,731 over the last ninety days. 20.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Zscaler from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Robert W. Baird restated an “outperform” rating and set a $220.00 price target on shares of Zscaler in a research report on Wednesday, October 19th. Sumitomo Mitsui Financial Group assumed coverage on shares of Zscaler in a research report on Friday, October 7th. They set an “outperform” rating and a $220.00 price target on the stock. Barclays dropped their price target on shares of Zscaler from $175.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Cantor Fitzgerald assumed coverage on shares of Zscaler in a research report on Friday, October 21st. They set a “neutral” rating and a $160.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $227.97.

Zscaler Profile

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Zscaler, Inc operates as a cloud security company worldwide. It 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.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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