Stifel Financial Corp Purchases 24,132 Shares of Zscaler, Inc. (NASDAQ:ZS)

Stifel Financial Corp raised its position in Zscaler, Inc. (NASDAQ:ZSFree Report) by 41.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 82,020 shares of the company’s stock after acquiring an additional 24,132 shares during the period. Stifel Financial Corp owned about 0.06% of Zscaler worth $18,172,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new stake in Zscaler in the 4th quarter valued at approximately $9,674,000. Nordea Investment Management AB raised its stake in shares of Zscaler by 463.5% during the 4th quarter. Nordea Investment Management AB now owns 29,803 shares of the company’s stock worth $6,629,000 after purchasing an additional 24,514 shares in the last quarter. Norges Bank bought a new stake in shares of Zscaler during the 4th quarter worth approximately $117,599,000. Vanguard Group Inc. raised its stake in shares of Zscaler by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock worth $1,343,810,000 after purchasing an additional 129,090 shares in the last quarter. Finally, Beacon Pointe Advisors LLC raised its stake in shares of Zscaler by 41.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 9,170 shares of the company’s stock worth $2,032,000 after purchasing an additional 2,677 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Insider Activity at Zscaler

In related news, CFO Remo Canessa sold 7,707 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $1,488,607.05. Following the sale, the chief financial officer now directly owns 255,943 shares of the company’s stock, valued at $49,435,390.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the transaction, the chief executive officer now directly owns 367,152 shares in the company, valued at $70,915,408.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Remo Canessa sold 7,707 shares of the stock in a transaction dated 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 owns 255,943 shares of the company’s stock, valued at $49,435,390.45. The disclosure for this sale can be found here. Insiders have sold 12,715 shares of company stock valued at $2,455,902 over the last ninety days. 19.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ZS shares. Morgan Stanley dropped their price objective on Zscaler from $214.00 to $202.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. BMO Capital Markets dropped their price objective on Zscaler from $255.00 to $192.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. Barclays increased their price target on Zscaler from $205.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday. Royal Bank of Canada increased their price target on Zscaler from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday. Finally, JMP Securities restated a “market outperform” rating and issued a $270.00 price target on shares of Zscaler in a research note on Friday. Seven investment 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 company. Based on data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and an average price target of $223.85.

Read Our Latest Analysis on Zscaler

Zscaler Stock Up 8.5 %

NASDAQ:ZS opened at $169.96 on Monday. The stock’s 50-day simple moving average is $178.17 and its 200 day simple moving average is $204.84. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19. Zscaler, Inc. has a twelve month low of $128.12 and a twelve month high of $259.61.

Zscaler (NASDAQ:ZSGet Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.08. The business had revenue of $525.00 million for the quarter, compared to analyst estimates of $507.56 million. Zscaler had a negative return on equity of 6.31% and a negative net margin of 3.62%. Equities analysts predict that Zscaler, Inc. will post -0.8 earnings per share for the current fiscal year.

Zscaler Company 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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