Teamwork Financial Advisors LLC Sells 17,595 Shares of Zscaler, Inc. (NASDAQ:ZS)

Teamwork Financial Advisors LLC lowered its stake in Zscaler, Inc. (NASDAQ:ZS) by 80.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,408 shares of the company’s stock after selling 17,595 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Zscaler were worth $795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ZS. MBM Wealth Consultants LLC purchased a new position in Zscaler during the fourth quarter worth about $371,000. Red Spruce Capital LLC boosted its position in shares of Zscaler by 1.4% during the 4th quarter. Red Spruce Capital LLC now owns 16,015 shares of the company’s stock valued at $2,889,000 after acquiring an additional 221 shares during the last quarter. Perpetual Ltd purchased a new position in shares of Zscaler during the fourth quarter worth about $814,000. Lmcg Investments LLC increased its position in shares of Zscaler by 12.2% in the fourth quarter. Lmcg Investments LLC now owns 14,845 shares of the company’s stock worth $2,678,000 after purchasing an additional 1,616 shares during the last quarter. Finally, LaFleur & Godfrey LLC raised its stake in Zscaler by 0.6% in the fourth quarter. LaFleur & Godfrey LLC now owns 61,985 shares of the company’s stock valued at $11,183,000 after purchasing an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling

In other Zscaler news, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the transaction, the insider now directly owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the completion of the transaction, the chief executive officer now owns 358,569 shares in the company, valued at approximately $71,828,542.08. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,248 shares of company stock worth $2,052,879 in the last 90 days. Insiders own 18.10% of the company’s stock.

Zscaler Price Performance

Shares of Zscaler stock opened at $192.93 on Thursday. The business has a fifty day simple moving average of $195.52 and a two-hundred day simple moving average of $187.88. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. Zscaler’s quarterly revenue was up 26.4% on a year-over-year basis. On average, sell-side analysts anticipate that Zscaler, Inc. will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ZS shares. Canaccord Genuity Group raised their price objective on shares of Zscaler from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Piper Sandler raised their price target on Zscaler from $215.00 to $235.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $230.00 price objective on shares of Zscaler in a report on Tuesday, December 3rd. Cantor Fitzgerald raised Zscaler to a “hold” rating in a report on Monday, November 18th. Finally, KeyCorp upped their target price on Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and an average price target of $225.47.

Zscaler 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.