Investment House LLC Invests $273,000 in Zscaler, Inc. (NASDAQ:ZS)

Investment House LLC bought a new position in Zscaler, Inc. (NASDAQ:ZS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,365 shares of the company’s stock, valued at approximately $273,000.

Several other hedge funds also recently added to or reduced their stakes in ZS. Huntington National Bank lifted its holdings in shares of Zscaler by 35.7% in the fourth quarter. Huntington National Bank now owns 190 shares of the company’s stock worth $38,000 after buying an additional 50 shares in the last quarter. Pathstone Family Office LLC purchased a new position in shares of Zscaler in the third quarter worth $42,000. Carroll Financial Associates Inc. lifted its holdings in shares of Zscaler by 333.3% in the third quarter. Carroll Financial Associates Inc. now owns 325 shares of the company’s stock worth $45,000 after buying an additional 250 shares in the last quarter. Weaver Consulting Group lifted its holdings in shares of Zscaler by 29.5% in the third quarter. Weaver Consulting Group now owns 329 shares of the company’s stock worth $46,000 after buying an additional 75 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC purchased a new position in shares of Zscaler in the third quarter worth $54,000. 42.24% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ ZS opened at $207.08 on Thursday. The company’s 50-day moving average price is $185.25 and its 200-day moving average price is $146.72. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 1.78. The stock has a market cap of $27.79 billion, a PE ratio of -232.67 and a beta of 0.79. Zscaler, Inc. has a 12 month low of $35.00 and a 12 month high of $214.83.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, December 1st. The company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.08. The firm had revenue of $142.60 million for the quarter, compared to analysts’ expectations of $132.29 million. Zscaler had a negative net margin of 26.69% and a negative return on equity of 24.33%. The business’s revenue for the quarter was up 52.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. As a group, sell-side analysts forecast that Zscaler, Inc. will post -1.56 earnings per share for the current year.

In other Zscaler news, Director Karen Blasing sold 3,000 shares of the stock in a transaction dated Monday, January 4th. The shares were sold at an average price of $195.47, for a total transaction of $586,410.00. Following the transaction, the director now directly owns 3,595 shares in the company, valued at approximately $702,714.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Amit Sinha sold 7,000 shares of the stock in a transaction dated Thursday, January 7th. The stock was sold at an average price of $191.20, for a total transaction of $1,338,400.00. Following the transaction, the insider now owns 256,646 shares in the company, valued at $49,070,715.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 290,540 shares of company stock worth $56,071,621. Company insiders own 23.80% of the company’s stock.

A number of equities research analysts recently issued reports on ZS shares. Loop Capital upped their price target on shares of Zscaler from $170.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, December 3rd. JPMorgan Chase & Co. downgraded shares of Zscaler from an “overweight” rating to a “neutral” rating and set a $190.00 price target on the stock. in a research note on Thursday, December 10th. Morgan Stanley upped their price target on shares of Zscaler from $150.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, January 8th. Pritchard Capital upped their price target on shares of Zscaler from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, December 3rd. Finally, Truist upped their price target on shares of Zscaler from $130.00 to $175.00 in a research note on Tuesday. Eleven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $168.88.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, internet of things, and device 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 internally managed applications, either hosted internally in data centers, and private or public clouds.

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