SG Americas Securities LLC Trims Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

SG Americas Securities LLC lowered its position in Zscaler, Inc. (NASDAQ:ZSFree Report) by 92.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,257 shares of the company’s stock after selling 61,170 shares during the quarter. SG Americas Securities LLC’s holdings in Zscaler were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased its holdings in shares of Zscaler by 1.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 3,761 shares of the company’s stock valued at $585,000 after purchasing an additional 63 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Zscaler by 2.7% in the first quarter. International Assets Investment Management LLC now owns 2,558 shares of the company’s stock valued at $617,000 after purchasing an additional 67 shares during the period. Xponance Inc. grew its holdings in Zscaler by 0.6% during the third quarter. Xponance Inc. now owns 12,411 shares of the company’s stock worth $1,931,000 after acquiring an additional 68 shares during the period. Bouvel Investment Partners LLC grew its holdings in Zscaler by 0.5% during the third quarter. Bouvel Investment Partners LLC now owns 16,641 shares of the company’s stock worth $2,589,000 after acquiring an additional 76 shares during the period. Finally, CWM LLC grew its holdings in Zscaler by 13.8% during the third quarter. CWM LLC now owns 637 shares of the company’s stock worth $99,000 after acquiring an additional 77 shares during the period. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the transaction, the chief executive officer now directly owns 367,152 shares in the company, valued at approximately $70,915,408.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the transaction, the chief executive officer now owns 367,152 shares in the company, valued at $70,915,408.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Syam Nair sold 2,893 shares of Zscaler stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $558,782.95. Following the transaction, the insider now owns 137,294 shares in the company, valued at approximately $26,518,336.10. The disclosure for this sale can be found here. Insiders have sold 40,715 shares of company stock worth $8,909,342 in the last three months. 19.20% of the stock is currently owned by insiders.

Zscaler Stock Down 0.4 %

Shares of ZS stock opened at $192.63 on Friday. Zscaler, Inc. has a 1 year low of $84.93 and a 1 year high of $259.61. The stock has a market cap of $28.87 billion, a PE ratio of -202.77 and a beta of 0.85. The business’s fifty day moving average is $224.09 and its 200-day moving average is $200.11. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98.

Zscaler (NASDAQ:ZSGet Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.08. The company had revenue of $525.00 million for the quarter, compared to analysts’ expectations of $507.56 million. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. Equities analysts expect that Zscaler, Inc. will post -0.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ZS. JPMorgan Chase & Co. upped their target price on Zscaler from $212.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Needham & Company LLC reiterated a “strong-buy” rating and set a $290.00 target price on shares of Zscaler in a research report on Friday, March 1st. BMO Capital Markets dropped their price target on Zscaler from $268.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Susquehanna assumed coverage on Zscaler in a research note on Friday, December 15th. They set a “positive” rating and a $275.00 price target for the company. Finally, Rosenblatt Securities upped their price target on Zscaler from $285.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.55.

Check Out Our Latest Stock Analysis on ZS

Zscaler Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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