SpiderRock Advisors LLC Makes New $224,000 Investment in Zscaler, Inc. (NASDAQ:ZS)

SpiderRock Advisors LLC bought a new stake in Zscaler, Inc. (NASDAQ:ZS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,144 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors have also modified their holdings of ZS. Jones Financial Companies Lllp acquired a new position in Zscaler during the fourth quarter worth $29,000. Parkside Financial Bank & Trust grew its holdings in Zscaler by 582.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after acquiring an additional 134 shares during the period. GAMMA Investing LLC acquired a new position in Zscaler during the fourth quarter worth $37,000. Quadrant Capital Group LLC grew its holdings in Zscaler by 66.7% during the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after acquiring an additional 70 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Zscaler by 109.0% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Performance

ZS traded up $4.27 on Friday, hitting $202.67. The company had a trading volume of 957,011 shares, compared to its average volume of 2,246,709. The company’s fifty day moving average price is $178.72 and its 200 day moving average price is $202.27. Zscaler, Inc. has a 1-year low of $131.59 and a 1-year high of $259.61. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $30.63 billion, a price-to-earnings ratio of -398.65 and a beta of 0.85.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, May 30th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.39. Zscaler had a negative return on equity of 5.84% and a negative net margin of 3.62%. The company had revenue of $553.20 million during the quarter, compared to analyst estimates of $535.55 million. Equities analysts predict that Zscaler, Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barclays boosted their target price on Zscaler from $205.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Canaccord Genuity Group decreased their target price on Zscaler from $260.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, June 4th. Macquarie reiterated an “outperform” rating and set a $245.00 target price on shares of Zscaler in a research report on Tuesday, March 19th. Citigroup decreased their target price on Zscaler from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Finally, Royal Bank of Canada boosted their target price on Zscaler from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Six equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $225.21.

Insider Activity at Zscaler

In other Zscaler news, CFO Remo Canessa sold 7,981 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $177.21, for a total value of $1,414,313.01. Following the sale, the chief financial officer now directly owns 243,486 shares in the company, valued at $43,148,154.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.20% of the stock is currently owned by corporate insiders.

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.