National Bank of Canada FI Purchases 66,409 Shares of Zscaler, Inc. (NASDAQ:ZS)

National Bank of Canada FI raised its holdings in Zscaler, Inc. (NASDAQ:ZS) by 191.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,161 shares of the company’s stock after acquiring an additional 66,409 shares during the period. National Bank of Canada FI owned about 0.07% of Zscaler worth $21,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. TCG Advisory Services LLC bought a new position in Zscaler during the 4th quarter worth about $277,000. Sapient Capital LLC acquired a new stake in Zscaler in the 4th quarter valued at approximately $355,000. Axxcess Wealth Management LLC bought a new stake in Zscaler in the 4th quarter valued at approximately $248,000. M&T Bank Corp raised its holdings in shares of Zscaler by 14.4% in the fourth quarter. M&T Bank Corp now owns 3,523 shares of the company’s stock valued at $781,000 after purchasing an additional 444 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in Zscaler by 18.4% during the fourth quarter. Amalgamated Bank now owns 11,038 shares of the company’s stock worth $2,446,000 after purchasing an additional 1,715 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ZS has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of Zscaler from $259.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Wedbush raised their price target on Zscaler from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, March 1st. KeyCorp raised shares of Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 price objective on the stock in a research report on Thursday, April 18th. Macquarie restated an “outperform” rating and set a $245.00 price objective on shares of Zscaler in a research report on Tuesday, March 19th. Finally, The Goldman Sachs Group boosted their price objective on shares of Zscaler from $189.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.24.

Zscaler Price Performance

Zscaler stock opened at $178.14 on Tuesday. The stock has a market cap of $26.70 billion, a price-to-earnings ratio of -187.52 and a beta of 0.85. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19. The business has a 50-day simple moving average of $191.25 and a 200 day simple moving average of $203.91. Zscaler, Inc. has a 52 week low of $103.62 and a 52 week high of $259.61.

Zscaler (NASDAQ:ZS) last announced 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. 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 during the quarter, compared to the consensus estimate of $507.56 million. On average, research analysts forecast that Zscaler, Inc. will post -0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the firm’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 transaction of $408,512.25. Following the completion of the transaction, the chief executive officer now owns 367,152 shares of the company’s stock, valued at approximately $70,915,408.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler stock in a transaction dated Monday, March 18th. The shares were 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 of the company’s stock, valued at $70,915,408.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen Blasing sold 7,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total transaction of $1,756,300.00. Following the sale, the director now owns 40,372 shares in the company, valued at approximately $10,129,334.80. The disclosure for this sale can be found here. Insiders sold 19,715 shares of company stock valued at $4,212,202 over the last quarter. 19.20% of the stock is owned by company insiders.

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.