IFP Advisors Inc Sells 90 Shares of Zscaler, Inc. (NASDAQ:ZS)

IFP Advisors Inc lowered its position in Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,373 shares of the company’s stock after selling 90 shares during the period. IFP Advisors Inc’s holdings in Zscaler were worth $88,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Accurate Wealth Management LLC bought a new position in Zscaler during the 4th quarter worth about $27,000. Sonnipe Ltd bought a new position in Zscaler during the 4th quarter worth about $28,000. Ellevest Inc. bought a new position in Zscaler during the 3rd quarter worth about $37,000. Psagot Value Holdings Ltd. Israel bought a new position in Zscaler during the 4th quarter worth about $38,000. Finally, Nisa Investment Advisors LLC increased its holdings in Zscaler by 294.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 375 shares of the company’s stock worth $57,000 after purchasing an additional 280 shares in the last quarter. Institutional investors own 45.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wedbush lowered their target price on Zscaler from $180.00 to $150.00 in a report on Friday, March 3rd. 888 reiterated a “maintains” rating on shares of Zscaler in a report on Tuesday, May 9th. Credit Suisse Group decreased their price objective on Zscaler from $275.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, March 15th. Rosenblatt Securities assumed coverage on Zscaler in a report on Monday, May 1st. They issued a “buy” rating and a $135.00 price objective for the company. Finally, Wells Fargo & Company decreased their price objective on Zscaler from $160.00 to $156.00 and set an “overweight” rating for the company in a report on Friday, March 3rd. Fourteen research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.68.

Zscaler Trading Up 5.7 %

Shares of ZS stock opened at $120.81 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.16. The stock has a market cap of $17.53 billion, a P/E ratio of -52.76 and a beta of 0.85. The stock has a 50 day simple moving average of $105.46 and a 200 day simple moving average of $118.31. Zscaler, Inc. has a 1 year low of $84.93 and a 1 year high of $194.21.

Zscaler (NASDAQ:ZS – Get Rating) last issued its quarterly earnings results on Thursday, March 2nd. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.08. The business had revenue of $387.60 million during the quarter, compared to analysts’ expectations of $363.80 million. Zscaler had a negative return on equity of 50.58% and a negative net margin of 24.08%. On average, research analysts predict that Zscaler, Inc. will post -1.21 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In other Zscaler news, COO Dali Rajic sold 5,638 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total transaction of $602,082.02. Following the completion of the transaction, the chief operating officer now directly owns 291,182 shares in the company, valued at $31,095,325.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Zscaler news, COO Dali Rajic sold 5,638 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total transaction of $602,082.02. Following the completion of the transaction, the chief operating officer now directly owns 291,182 shares in the company, valued at $31,095,325.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 900 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total transaction of $96,111.00. Following the transaction, the chief executive officer now owns 322,649 shares of the company’s stock, valued at $34,455,686.71. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,412 shares of company stock worth $1,752,637. Company insiders own 19.80% of the company’s stock.

Zscaler Company Profile

(Get Rating)

Zscaler, Inc engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K.