Xponance Inc. Sells 546 Shares of Zscaler, Inc. (NASDAQ:ZS)

Xponance Inc. lowered its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,865 shares of the company’s stock after selling 546 shares during the period. Xponance Inc.’s holdings in Zscaler were worth $2,629,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZS. BluePath Capital Management LLC bought a new stake in Zscaler in the 3rd quarter valued at $32,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Zscaler by 109.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock valued at $46,000 after acquiring an additional 109 shares during the period. Allworth Financial LP raised its stake in Zscaler by 175.4% in the 4th quarter. Allworth Financial LP now owns 380 shares of the company’s stock valued at $84,000 after acquiring an additional 242 shares during the period. China Universal Asset Management Co. Ltd. raised its stake in Zscaler by 231.7% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 544 shares of the company’s stock valued at $85,000 after acquiring an additional 380 shares during the period. Finally, CWM LLC raised its stake in Zscaler by 13.8% in the 3rd quarter. CWM LLC now owns 637 shares of the company’s stock valued at $99,000 after acquiring an additional 77 shares during the period. Institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling

In related news, insider Syam Nair sold 2,893 shares of Zscaler stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the transaction, the insider now directly owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Zscaler news, insider Syam Nair sold 2,893 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the transaction, the insider now directly owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Remo Canessa sold 7,707 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $1,488,607.05. Following the completion of the transaction, the chief financial officer now directly owns 255,943 shares in the company, valued at $49,435,390.45. The disclosure for this sale can be found here. Insiders have sold a total of 26,715 shares of company stock valued at $5,865,882 over the last ninety days. 19.20% of the stock is owned by company insiders.

Zscaler Price Performance

Shares of ZS stock opened at $170.97 on Tuesday. The business’s 50-day moving average price is $204.42 and its 200-day moving average price is $203.48. Zscaler, Inc. has a 12 month low of $84.93 and a 12 month high of $259.61. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. The firm had revenue of $525.00 million for the quarter, compared to analyst estimates of $507.56 million. As a group, equities analysts expect that Zscaler, Inc. will post -0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ZS shares. JPMorgan Chase & Co. increased their price objective on Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Wedbush increased their price objective on Zscaler from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Citigroup increased their price objective on Zscaler from $235.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Truist Financial reiterated a “buy” rating and set a $260.00 price objective on shares of Zscaler in a research report on Monday, April 1st. Finally, Oppenheimer increased their price objective on Zscaler from $245.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 3rd. Five investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.24.

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.